I have nothing to say, but I'll kick off the week's thread

I also have a slightly more uptrending line that's already been hit. Now wee see.

Although I'd like to see this sell a little, I'm thinking they want 53-54 quite badly, so I'm not sure fighting that on a Friday afternoon would be a high odds play.

55 would be 20 points from that low. So, you can see the attraction one more leg has. But, we did have a 3D into this area. If it wasn't for the Friday strong close game, I'd think it was due some downside. And after all these big swings, it seems like it may be ready for a move to new highs next (not today). I really can't figure the odds on this one, but it is looking to me more likely than before.

Let me clarify one thing. The play was off the European open. If one got in, they might be in management mode now. Some may be off (or all). There are no new plays in here, in my opinion, odds-wise. So commentary on what it may do here is really just to take up time waiting for the close, and seeing how it finishes. I don't really care if it does try for that higher area, or sells a bit.

I suspect some 'up' coming in the last hour because this looks so weak it looks ready to do a monster dump. That simply has to be on purpose, a trap. I can't imagine a sell into a Friday close with no news.

In the meantime, here's a snippet of the 15-min ES chart. Talk about going nowhere...





Chart created on QCharts, courtesy eSignal

And you know that post will trigger the break from this range, and it is acting like the break will be 'down'. I just don't see that.

Watch the TL.

Now, I'd like to see a big snap up from under the TL it just broke, and a move to my posted area, for no other reason than it would make me feel like I really understood how they were gaming this.

But it looks soooooooooooooooooooooooooo weak.

Bah-dah-dum, the Vegas rimshot drummer goes. (And yes I know it is commonly called a rimshot but technically it isn't at all...)