Just over three hours until the futures open. Although there will be a break for part of tomorrow's RTH time, otherwise it's still 'game on'. I'm bored and ready for action. I'm not sure what my life would be like without the market, I guess I'd find something else that I find exciting...

The 10-yr German Bund hit 1.13% today. That is so profound if I have to explain it, it implies you aren't versed in just how significant that is. To me it is an indicator of incomprehensible doom, and a twisted, broken, manipulated system. Yet few understand or grasp that, and fewer still are yelling the sky is falling, and even fewer still are as terrified as they should be at that number. Oh, well, you can lead a horse to water, but you can't make him see through the brainwashing and propaganda...

Watch the ES. Amazing how this level stopped it dead.

My rough areas for the intermediate term are 1190 and 1115. I also have some nice timing factors to go with those, but those are secondary, or even tertiary. For the upper level, first to second week in July, and for the lower level, last week of August. I can refine these levels more as this unfolds, if it even unfolds at all. It has to first hit that 60-65 levels, and recall every last call is for instantaneous and aggressive upside to new bull market highs soon.

We may be done going down, given all those bulls are so ready to buy. But, if, some how some way it does go down, those are the levels I have that I feel will act like magnets in a case like this. And both levels fit wonderfully with the election/QE scenario.

Notice the big pop off that level, and right back down to it. Just crazy action.

Originally posted by jimkane

Watch the ES. Amazing how this level stopped it dead.

Get ready for that GZ to give way...

It hits the LOD. Showtime, bulls.

And here come da bulls, right on cue, right at the LOD to the tick. Too funny.

76 wants to give way... It wants to. C'mon ES, follow my lead.

There it is!!!

2-tick game?

Hmmmm. Hmmmm is my favorite expression today, it seems. Usually it's 'Amazing'. Anyway, the SPY has drifted back down to below the ES closing level. I'm not unhappy at all, just a bit surprised that they can't bounce this even in the aftermarket hours with nothing else trading. Very curious. I hope we see that 60-65 soon, preferably Sunday night, before we get 'the big bounce'. Then down into those 1100's, if I get my way.