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'"

Or a slight EXP ABCD and they respect the 'W2'. Somehow I strongly doubt this is going down, but it may. I hope so, but it is so against the Friday close game they almost always play...

was looking for SLIGHT new high then selloff and retest... if price swings down then the first time CCI10 and slow stow cycle down, stop is moved to break even... if a bigger move is going to happen, almost by definition i have to sit through abcd... now it is for market to decide..

Here is this potential EXP ABCD Jim talked about:

At least from a trading standpoint, that's my last shot for the short side if I want it. By my methodology, after that I'm out of chances until much higher. But understand, that setup requires calling a top for that HOD today, even if just for now. Did that high get up enough to suspect it will begin to correct again? Is the sentiment bearish going into the Friday close? Do the odds favor a move in here, or just chop?

I feel one of my 'Boink' expressions coming on...

Originally posted by jimkane

I feel one of my 'Boink' expressions coming on...

What is it?

Well, I was going to wait for it to happen to answer that, and it almost did there. When it coils up on an area, and gets closer and closer to popping out, one way or the other, when it does I go 'Boink'. It looked close there. But the noncommital chop is really all it is doing. No real 'Boink' yet.

'Boink', BTW, is a technical term.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

'Boink' coming, or just chop until I can't stand the excitement anymore? I still say odds are we finish at new highs for the entire 'bull' market move. They are just waiting for some bot signal, maybe 12:30 or something equally idiotic, to trigger them.

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...