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."

1972-73 is my favorite level, but the backtest of red line here might be it as well.

Retest of 84-85 ?

sometimes it's just plain dumb and simple ;)

meanwhile:

perfection ;)

Just an amazing day. Sorry I didn't feel like posting. I think I posted myself out yesterday. Or, I'm just losing my interest right now in posting. Can't put my finger on it...

Anyway, the afternoon long is starting to rise nicely here, Let's see if that's a little sweep up here, and then it comes in, or if they plan to 'pay the longs handsomely'.

It's so close to new all-time highs, I can't imagine it not getting them soon.

What's the bear case (Hah!)? The weekly backtest line, the one everyone sees, has been violently violated, so all are now saying the only move is up. Secondly, one of my favorite contrarians, who was dead wrong down into the low, just said we are about to explode up in a long, strong leg lasting a long time. Ruh-roh. So, it is primed for a fall now, possibly from right here or a nominal new all-time high. But, absent 'bad news', I think any drop is pretty much an impossibility. Fortunately, there is so much bad news that could pop out at any time, it may be forthcoming. I'm only looking at the long side right now, and not too interesting in countertrend unless it is a really sweet setup, but that could change on a dime if the character of the action changes at all. Just so you all know what I'm thinking right now... Take it with a grain of salt, as always.