ES approached major downsloping ML on a daily chart:


Acceleration, bounce or coil now? In case of the first, our target area is just 4-5% away. Exactly the same as in case of $RUT for the move off its head and shoulders pattern confluent with the green set lower ML:

It's gonna blow...

I've never seen an intraday defense like this that I can recall.

Must be quite a day. It's already 3rd time you use 'ever' or 'never' to describe the action

I think the level of madness here is directly proportional to the significance. Perhaps 46-47 is not going to hold, and roofer's scenario is on the cusp, and they know it.

I am truly seeing action that in my almost 40,000 hours I have never seen before. (I recalculated, and approximately August is my 40K 'anniversary'.)

Originally posted by jarek

Must be quite a day. It's already 3rd time you use 'ever' or 'never' to describe the action

And up again.

Counting minor (but not 'sub-minor') tests, it has tried 13 times so far. Have you ever seen that? And then have it hold?

Now if you wanted to just simply 'prove' to me the government is 100% actively keeping this up, a last half hour run up here would do it for me. But, of course, I already believe they are completely manipulating things. If they want it down, though, why would they defend it? To keep the move down orderly and not flash-crashy?

Your savings and tax dollars at work...

Originally posted by jimkane

Now if you wanted to just simply 'prove' to me the government is 100% actively keeping this up, a last half hour run up here would do it for me. But, of course, I already believe they are completely manipulating things. If they want it down, though, why would they defend it? To keep the move down orderly and not flash-crashy?

GLOBEX is going to be fun tonight.

Okay, that's it for me. I probably won't post again until the Sunday night session.