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jimkane
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ES up 16 from that incredible setup from this AM. Just my opinion, but I couldn't ask for more than that if I tried. If I thought we all deserved more than that as far as potential opportunity, I should be locked up in a loony bin.
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jimkane
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On one hand I want it to sell so I can look for something to do with that. On the other hand, I guess a ride until close with a blowout to the upside would be okay, following the trend day work. That work is secondary, though, so I guess I'm 'hoping' this sells and the downtrend resumes. But, I don't like to bet on billion to one shots, either... They want new 'bull' market highs, and they don't plan on being denied, I think. Maybe it's just a matter of will they at least bring it in a little off this area so us lovers of the short-side can get thrown a small bone before we are forced to play the long game again, holding our noses the entire way up?
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jimkane
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Regardless of what it does, it went dead to my magnet (I said 97.00-.50, and it hit 97.25) and that stopped in its tracks. That's still amazing to me. But, it wants up, I can feel it.
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jimkane
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And there's the new high. As I said, my other work shows trend until close. I think that is now likely by a long shot.
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jimkane
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I have qualms about what I just said. I keep thinking it 'should' sell off here, at least a bit. So maybe this is the last quick fake over the level it struggled with so long here, and then down. I guess I'm saying as impressive as they've been, as frenzied as they are, as strong as that continuation signal is, I am still wary it could come back in off this key area.
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jimkane
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Understand, though, as far as my methodology goes, this is in management mode off the morning low, and that's that. Just because I would love it to sell now from a technical perspective doesn't mean there has been any hint of a scale out yet on this last push up.