ES discussion for Friday 7/31/09

Zzzzzzzzzzzzzzzzzzzzzz. I sure am glad CL, ZN, 6E are all trading like gangbusters, because after those initial premarket and early AM ES swings, that thing is totally worthless.

But I still suspect that TL will give way any time now...

And there it goes. But talk about no enthusiasm, that would 'normally' cause a huge pop.

Okay, maybe now we can start our grind up to 1,000 for the close. CL, 6E, still trading nicely.

Okay, looking good so far on the grind until close 1,000 march. CL and 6E just unreal. Check those out for trading action. Wow. If that keeps up I may just quit ES altogether.

POC and another TL here.

And that's another new low for the entire move on the USD.

GLOBEX high and my most key upper // just above that. Once all that goes, 1,000 should be an easy shot.

Wow does it see that TL and POC.

Will this little DT ABCD be enough to send it to the next area, or does it need to check back more? Crude is just exploding, so I think it wants to follow.

Sorry, BBJ, you are one of the handful that follows along and participates, and you get the short end of the stick, but there just has to be more people like you for it to make the effort worth it for me.