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 thing that hits me the most is that every last blog and such I look at is bullish. Super bullish. I know how the sentiment indicators are saying like 7% bulls, the level you see at big-time major bottoms, but I don't see it, I see not one single bearish call. I see endless bullish calls. Every blog, every post, everywhere is wildly, wildly bullish. Bottom calling bullish. To me, I just don't see how it can go up with sentiment like that.

Okay, was that a short-term play buy signal right there?

That popped up into a bearish ABCD that it reacted to? Hmmmmm.

Goes to the expected area off the bearish ABCD for it to be a fakeout, and up it goes. We shall see, but so far:

I try not to post unless I feel it is noteworthy. Now down over 11 off that high, and dropping hard on the European open.

Originally posted by jimkane

Like I said...

Originally posted by jimkane

Careful right in here, in case...

The clues were there, especially when the ABCD little trap couldn't follow through to the upside at all.

Originally posted by jimkane

Goes to the expected area off the bearish ABCD for it to be a fakeout, and up it goes. We shall see, but so far:

BTW, this low area here at 23 is the low end of the key 'price flow' going back to the 24th. If that gives way, watch out, it's very significant in my opinion. They should defend this vigorously. I suspect they might not.

Oh, they clearly 'see' it...

And there's another new low for the POS Euro. I wish everything could just trade freely...

ES ready to pop up. Watch this.

Look at the 'risk off'! I have to say I love it. Look at CL and 6A.

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.