Starting it off. I'll quote my last post from last week.

"Anyway, the ES did something it usually doesn't do, and that's make any kind of move in the Friday after close mini session. This time it kept moving up, set a new high for the entire move, and closed almost at the high tick. It is now fully at the monster weekly backtest line. If this is a bear market, it should roll off this, and roll hard. There is a key area above, built from the immediate price action, and that comes in at 76-87, with a grouping of key Fibs at 94.00-95.50. I could see it hitting the lower end of the area, maybe a little above the lower end, and still be respecting the key TL backtest, but not much more.

Still, does it even seem remotely feasible that this is going to dump to significant new lows from here? The only hope I see at all is that not only do all pundits and analysts say no, it's completely and utterly an impossibility, most readers in here, I believe, are also saying no out loud right now. And that's not meant as a slight to the readers in here, who are among the most highly informed out there, I feel, it's more meant to imply just how good they are at sucking people in. We'll see. I don't really care, from a trading standpoint, what these maniacs do with it. So, that's what I'm working with as we reach arguably the most critical juncture perhaps in trading history."

Indications are for a basically flat opening. Open and gun it up?

New high for the entire move.

Notice the 3D into the weekly backtest area.

Here's the weekly chart showing what it's up against. Look at say the 120-min ES all-sessions chart for the 3D.




Chart created on QCharts, courtesy eSignal

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So the big panic (fake) European bank stress tests that we've all waited for, and the market could care less. Not even a two point reaction.

Can another QCharts user in here, perhaps Marcin?, tell me if they you able to get commodity or currency futures right now? I am having an issue, and restarting it doesn't help. ES is fine. I hope they haven't done something stupid, and now they'll tell us we have to move to eSignal, and all my work is lost...

BTW, ES is acting like it's time to start moseying on up. We'll see.

Yep, there's the pop. This one was very telegraphed, and wasn't a ruse.

That should clear the way for a nice little move now. It's on the very edge of going too far for there to be any chance for that backtest to be respected. But, I expect they will push it, regardless, and they are.