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'"

We reached an interesting spot on my chart:



... but most probably only a major shock event could save bears these days ...

And hence my 88-90 area... I have some other things, but that's a big part of it.

jarek! Good to see you posting. You and Al and roofer are saving this forum lately. Thanks, guys.

Originally posted by jarek

... but most probably only a major shock event could save bears these days ...

That's why I just watch for/expect a pullback to the first support each time. Pretty much 'line to line' as roofer would say.

I just came back from our Easter which is a bit longer than yours ...

When is Fed going to announce their findings?

Which findings? Minutes were announced an hour ago, and the results from the 'special' meeting for the discount rate yesterday was 'no announcement', hence no rate increase.

Originally posted by jimkane

... and the results from the 'special' meeting for the discount rate yesterday was 'no announcement', hence no rate increase...

That was the part I was missing ...

So, anyone taking an intraday short shot up in here?

Well, for those that did (and are afraid I'll yell at you for going countertrend), keep an eye on the 84 area and see what it does there. That's a big clue spot.

Interesting how 84 half stopped it dead, huh? For almost 20 minutes now. The area is as important as I suspected it would be.

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...