Wow, that was a sweet little 1-min bar stop run breakdown there. I love it. Maybe that's all the downside it has, though. You know the games they like to play before they do a Sunday night GLOBEX/Monday run up. But, one of these times we'll get some real downside... It's sure all set up for some right now, as discussed previously. I'm patiently (Hah!) waiting for it...

3.50. Watch closely...


Edit: Oops, 5.50. .447 was at 5.50, look at the timestamp and where price was. Sorry. Can only type and watch and do everything so well...

See? See what it did?

So, 4.00 should be it?

4.00 is 'early' GZ. I can't imagine they won't come in at the GZ. If not (I'm sure hoping 'not'), then it may get down to just under 1300. We'll see. The way they stopped it here tells me they want to game it. But, can they?

Amazing, huh, how they are acting at this 4.00?

BOOOOOOOM! Everything is as it should be... Same old, same old.

Looks like my 'chop in the low end of the range' theory at work. Somehow, though, I get a 'feel' it will come out of the low end of the range before the close. Can't say why I sense this, but I do. We'll see.

And my 'feel' is the 'out' will likely be via ramping.

Now, this may be forming a bearish ABCD here (1.000 at 1310). But, if not, then the areas overhead I will be watching are say 13.75-14.25 and 17.50-18.00, give or take, center of areas. But this .447 area here at 9.00, up to say 10.50, is a very key area. It's acting like it wants to burst up through it hard, but sometimes they try to make it look strong before it fails. Nonetheless, I am very suspicious in here, I think the odds favor this going up in here. I'll stick with the technicals, what the price action shows, but I feel something is about to happen, and trap some people...

What was our setup here ? Simple pullback from 61.8 retracement of big ABCD ?

I think it also pays to look at other markets when doing 'intraday swing trading' (daytrading to most). Gold, the currencies, and crude were anything but dead today.