ES Wednesday 12-4-13

Attached is the most recent 30 minute chart. Watching closely that 8850-8900 level. I had 8850 as support yesterday and failed to hit my target on a short, Nick had that 8900 level and currently we are stopped at about 8925 to the upside, so this is an area of interest that may come into play today. The levels above are unchanged at 9550/ 9850/ and that upper ledge at 0100. Below I had a zone from 11/21/13 from 8050 to 8200 and I narrowed that to 8150, the LVM and below that 7600.
Click image for original size
es 30 min 12 4
So far the buyers have success pushing into YD VA, Now we are at that critical 8900 area, If I were a fader, which I'm not, I would have tried a short
So someday I should learn to fade
Good job Bk... look like 85 is a decent ST bottom..
Looks like they're trying to get it all back at once
Can't stand in front of the train and can't find a place to get on, best just to watch the fireworks for now
There's alot of air in the wake of that run
Some back and fill to the 9575-9550 would be interesting
Nothing too attractive going on. Volume is falling off. I'm content to shut it down for now and see if anything is happening later.
Oops, spoke too soon, trying a small long from 96
We played in this area yesterday before the breakdown, let's see if there's anything here.
I can usually tell you what the market did, on the rare occasion even why it did it. But I can never tell you what's it's going to do.

That's my thought for the day. Unfortunately I can't stick around to see this play out because it is interesting but I gotta go. Have a great day all.