The geometry in ES is also there:
The question is: will it reverse right here to give the Wave 3 callers some more hope or will it accelerate to the upside to deprive them of it straight away?
JI
jimkane
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Careful of the one-tick new high dump here. That was an odd reaction. Given it's a super-low-volume grind, though, it may be normal. Just watch closely, though, in case.
JI
jimkane
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Hmmm, Sunday night, futures are... up. Just 6.00 now, but they were up 6.75. Don't worry, I think they will get going nicely overnight, maybe we gap up 15, then run another 15, for a nice up 30 day, and is that 7 out of 8 days up in a row? I think it will rise until November, unless a shock event either brings it down for a few days, or a big enough event tumbles the house of cards. It's not a matter of if, to me, but when... For now, though, up, up, and away.
JI
jimkane
Rep: 3,058
Posts: 33,089
Up 8 now. This is just my personal opinion, but buying the close on Friday (there sure is a lot of event shock risk to this), or even the open on Sunday, over the past year seems to be the closest thing to free money as there ever has been. It's amazing this has persisted so long with everyone knowing about it, yet it does. An open vault essentially, where one can just go in and just fill up the back of the truck every Sunday night. Just amazing to me. Cah-ching.
