For the dow I think the critical area is

8760 - 8780 ****

Dow is testing this now in the overnight !!!

and 8850 - 8865

on the ES from today we have

914 - 915.75 volume spike capped that up move so real close to the highs of RTH

906 - 908.75...same as today...that was a cool one

896.25 - 899 *** this was played at many times today and the best of the volume numbers

Bruce

Here are the charts with the key zones I mentioned..note the test into the upper zones at the same time.





They just love to keep testing Volume points some days...

here is that great $tick divergence at the highs I mentioned in the Thursday thread...it's not easy to sell rallies and on trend days it really is no fun at all

Bruce thanks for the charts - your volume analysis is very useful and helpful for me. I know your tick chart is set to est, but the Thursday reference threw me...look at my chart (cst) and tell me if were looking at the same thing

Sorry for the confusion Vo. That is the same thing...perfect and much prettier than mine.....I liked that one at the lows you show just below the other zone......I think divergences in general can be very tricky but when we bring in key numbers and volume relationships we have a better chance for them to work. Thanks for helping clarify that.

Bruce

one more thing. It took me three tries once that high at 908 was put in before I finally got that overnight gap fill we spoke of last night. I kept getting stopped on runners and reshorting. I took the loser before going to sleep last night on that other overnight short. I didn't want to leave anyone with the impression that I was able to hold from that 908 area down to the gap fill.......Just want to keep it real

Bruce

no Bruce thank you for the clarification...I as well took a loss in the globex session from higher levels than you just looking for the 95 fill! If you have noticed, we have a 95.75 to fill tonight as well as others as globex is very light so far...thanks again bruce

Take a look at the daily ES chart. Today, yesterday and the day before are all inside days. Technically yesterday is not because its low was equal to the low on Monday. Anyway, you don't need to be a rocket scientist to see that the market is wound up like a rubber band and will be making a move soon. Another explanation would be that volatility is back in the 20's range, but i don't quite believe that yet.

I have no idea what the catalyst will be or the direction but i would expect a trend day away from 899 tomorrow or Friday. I hope the next move is down because my TRIN, VIX and neural network systems are all short from the close on Friday.