I'm starting a new weekly topic.

ES going ballistic off that area I said to watch. Now we understand what was up, and what was up was an explosion about to happen. Let's see how they handle the price flow it is now hitting in here.

Originally posted by jimkane

Okay, the ES hits the lower level. CL is exploding on the tick chart, exact inverse to the ES. It looks like something is up.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Nice initial pop up, then over an hour in a couple point range. I think it will break to the upside out of this (even though this is a key area that stopped it), but will I be completely asleep when it happens?

Get ready...

No last minute move off the area. Another cash close right at a key spot. Hmmmm, I've seen that before...

And then AAPL announces, of course. Same old game.

So, since AAPL has been going down, I'd suspect it will go up on the earnings news. They will beat, by a huge, huge margin, as they always do, in my opinion. But, all that matters is the reaction. For now, I think it will be up big. But, that's totally a WAG. We'll see.

My 'best guess', then, to reiterate, is AAPL up big for now, then the selling resumes.

Notice the ES has now, in the after-cash, moved up over the key short-term area.

So, if AAPL gets a big pop, I'm looking around 590-595, give or take. If the pop is small, then perhaps the 575-580 area. We'll see.

What a crazy finish. This market is just nuts. See everyone on Sunday.