Starting it off.
I hope to be more active this week.

This is just a long in management mode play in here, I'm just saying, it may be done, or need a bigger correction now, so it's time to watch it extra close, in my opinion.

See how it followed the same pattern? This time within one tick of the all-time highs around the open, no sell down or check back, making the long play from yesterday golden. Then they bring it in for better prices, and now right back to the all-time highs area, for another nice long. We won't even talk about the countertrend play in between, it's for the advanced.

Originally posted by jimkane

Yawn. Got up to check the long setup from earlier, looking good. Should be no issue setting the new all-time highs. The only question, again, is with or without a 'get better prices in the AM' move. The approach is pretty much always the same. If the play includes an overnight hold, a trailing stop is set, and it either keeps rising or it takes the play off, and then the better prices scenario is in play, and when it hits the area and triggers, that's the play. Lather, rinse, repeat is the game. Okay, back to bed. Just trying to explain this so my overseas readers can follow the logic as it unfolds.

ES ready to dump. How much though, who can tell.

I'm not talking anything big or higher timeframe, by 'dump' I mean very short-term 1-min chart type of stuff.

It needs to hold here or it may see the low 70's, and it really doesn't want that.

That might be it.

That little additional fake should draw the snap up reaction. Let's see.

Seems ready to pop any second now...

I hope it dumps...

That must be it...

Another day where I rate the trading potential off the scale. Right off the area yesterday and basically straight up 31.75 points. Who could ask for more than that... Some day we'll look back and remember how wonderful the trading action was. For now, I just want to appreciate how incredible all this manipulation is, from a trading perspective. Again, all just my viewpoint.