At least we have a Sunday session to work with... Given the run up into the aftermarket close on Friday and the 'news' that the joint Israeli/US military exercise will be postponed, the market could really gap and run. On the other hand, we are hitting into a super-key area for the intermediate-term, and if the 'top' is in, this is an area it really should roll down off of. I think we are at a crucial time/area. I'm looking forward to this week.

roofer, you always get me to work harder!

what I see in spy - 13186, 13211, 13257

And there it is, right back at the high for the entire move, as expected. BTW, today the QQQ made a new decade high. Yep, highest in just under eleven years, actually. Now that's strong. This thing may go down, but boy is that fighting the trend. It may be okay for a short-term countertrend play, nothing wrong with that, and no one wants big down more than me, trust me, but the trend is clear. I also heard this is the best start for the S&P since 1987. And bear sentiment is still at a huge extreme low. How this thing can keep rising I just don't know... Seasonally, too, the next five days are, on average, down days. Recall the next level I mentioned on the ES.

Originally posted by jimkane

ES trying hard for the new high for the entire move. It will have to wait for the aftermarket. Shouldn't be a problem, there seems to be nothing but buyers out there...

Interesting. Mr. Permabull thinks the market may actually go down after some more up.

http://carlfutia.blogspot.com/2012/01/lindsay-update.html

LOOKING FOR SHORT SHARP SELLOFF TO 1275 SPX

I just don't see this going down today...

I'd love to be surprised. But, Friday, into the close, prepping for a big up Sunday night GLOBEX/Monday. Maybe they bring it down for much better prices to run up Sunday night...

5 point range so far for the entire day. Nice.

I'd like to say that's a little promising there on the ES, but it won't sustain... I can hope, though.

They just took a buck off crude into the close there in like a blink. Wow.

ES might test the low end of the RTH and try for 4.50. Maybe... I just don't see it...

It couldn't reach for the level I was watching, that will have to wait for Sunday night GLOBEX, but it did set the new high for the entire move by one tick! These guys, they are so funny. See ya all Sunday.