Just starting it off. I wonder if they'll keep doing late day rapid-sells, or was that just a holiday week anomaly?

This is a super-key area, and it is fully hit and tested now. Nice work, Marcin. If this doesn't Start it back up here, that would be a major clue for me.

Originally posted by MarcinO

This 87-90 area looks interesting.

Click image for original size

Uh-oh. Last push in, or is the area about to get toasted?

I hope the former.

Originally posted by jimkane

Uh-oh. Last push in, or is the area about to get toasted?

spy has hit the top of a 9¢ area of great interest

I have a proprietary 'sentiment' indicator I came up with that says this should break about 75 fairly decisively, then head up (not necessarily to new all-time highs, but a strong bounce there. Let's see how that lines up with my work. If I can see that happening with my work, then the stars are lining up in a notable way. Just a thought. I'm still watching this area, though, as it's a big one.

Well, we know how Marcin is positioned.

Originally posted by MarcinO

I hope the former.

Originally posted by jimkane

Uh-oh. Last push in, or is the area about to get toasted?

Just heard on Bubblevision that a big name analyst said 'Dips should be shallow and rapidly bought'. Okay, we are right on schedule. Remember, when the bear finally hits, they will pick the bottom all the way down, and say at every point that 'This is the buy of the century'. They did it all the way down into 2009, only saying it's a bear right at the low. Same old, same old. When the bear comes and we look back, we will see clearly how everyone was completely bullish, and then the bull ended. We will wonder why it wasn't more clear to us than it was. And we will wonder why we didn't see it crystal clear. We are there now, or close. Yet we are very wary to say this could end any time soon.

Sums up how we are positioned in the ES, too.

http://slopeofhope.com/2013/12/small-caps-bounce.html

Okay, ES starting its move up now? An obligatory bounce here would be sweet.

And it closes one tick from the HOD!!!