So, another Sunday night GLOBEX session way up, and another new high for the entire 'bull' market, as 1180 bites the dust.

Now, notice when this hit that potential support area I was, once again, ready to get back on the long side bias. And once again we are at new highs for the move. That was some 15 points ago already. My point is, my approach is to lean on the long side until it breaks. Will we see 1,400 soon? Maybe. Could that high tick at 1180.50 there be the highest price the ES trades at for the next ten years? Possibly. Anything can happen. But, what do the odds favor? Which way is the trend? Is the trend your friend? Do you say that, but then fight the trend endlessly? Me, I'm always about my saying: "I'm goin' with the flowin'"

fyi i am short..reasons later

Thanks for sharing. I stopped even trying to look for a possible reversal area ... but that actually might be a good sign for bears :-)

Watch 84 next, plus or minus the usual tolerance level.

If they can do any real selling (I doubt it), I'm watching 80 plus or minus for that.

Originally posted by roofer

fyi i am short..reasons later

Let me say one thing, roofer, and I wish you would post how you handled this, if you withstood that heat there that is quite impressive. They really made it tough there.

That 1.128 stopped it dead. If it doesn't roll soon, that's a bad sign for the short side. May just be a game playing stop run and then they gun it up.

Yep, exactly as I suspected.

i have a target and now abreak even stop...now i am sitting on hands... fyi be stop is 11932

Thanks, roofer.

Well, if this 'W2' TD doesn't kick in here I'd think they would accelerate this up and over to new highs for a strong Friday close. And that's my highest probability scenario, despite how much I'd love that short side to play out.

Bid/ask spread going wild, something is about to happen. I suspect big pop up.

came in from my garden and saw i got ''boinked''!after first swing down, i move stop to break even, willing to give them the comish...