Starting it off. Due to the Monday holiday I believe bonds and FX open outcry are closed, but GLOBEX is open. Stocks and futures for them are open as usual.

Lower high here. A C point? They'll just pick it up like a 4PT and then gun it? Probably the latter, I think.

70.00-.50 would be a nice little ABCD area to really launch this. But, I'm not so sure what they are planning to do in here.

Okay, let's see. I can't imagine this stopping the day three ticks shy of the all-time high, but you never know. Showtime.

Huge confluence here.

Only four today...

Deep in the area now.

And there's a tick chart trigger (very, very fine trigger). Let's see. I'm still suspicious this may not be headed up from here.

BTW, S&P cash took out the all-time high today. That's curious. I wonder if that's why the ES is weak here, the job was already accomplished elsewhere? Same with SPY. ES is the laggard.

Let me give you an example of speculation, and how insane this market really is. Look at TARO. This is a stock that commonly does 5K or 10K per day. Look at the trend since 'the big low'. Up about 1,000%, on no volume. Look at today. I'm repeating myself, but this market is soooooooooooooooooooooooooooooooooooooooooooo broken.

Shouldn't the ES be popping on such a nice ABCD and confluence? And although it stopped it dead, nothing.

Amazing how, after they popped it once more to new all-time highs into the cash close, they let it come back in a bit.