I will start a topic for this week.

ES really on the move. Looking strong. I'm watching closely in this area around 11.00-11.50, that's the high end of the range I was watching for the bounce. It's acting like it's going much higher, though, so I'll stay long-side bias until it shows signs of weakness. I'd really like to short it in here, but now I'm not so sure...

11.75 draws the checkback, right to the TL. Yawn.

Nice reaction so far, right of .786 4PT area.

Interesting.
http://www.zerohedge.com/news/2013-07-01/nick-barisheff-case-much-higher-gold-prices

fascinating area

What a parallel today to yesterday, with the big pop on the open, the sideways crap, and now the start of the rollover. Look at a 60-min. Wow. But, it seems very unlikely this will repeat, as that's just too obvious. So, as much as I love this short here that is now looking very good so far, I think it's more likely a big sucker trap. We'll see.

I agree.....it needs to shake out the weak hands and create the spring action for the larger move.....I expect it to break out of this....let's see.....

Here's the last two days on the ES on the 60-min.

Monday July 1:



So far Tuesday July 2:



One curious thing is that they exceeded the first hour high on Monday by 1.50 points (six ticks), and on Tuesday by 1.75 points (seven ticks). Same pattern, essentially.

Anyway, I can't imagine the results will be the same. I can hope, but it just seems like a trap. That requires super extra caution in my opinion if one tries to play this anyway. Just my two cents.


Charts created on QCharts, courtesy eSignal

I'm just soooooooooooooo ready for this to start up aggressively any time now to spring the trap...

Yeah, they planned it well.

Originally posted by rat89

So cool....163.08 into the close for a 1.27 dbs