In my experience it's never different this time.





Source: http://www.zerohedge.com/news/2014-12-13/time-may-not-be-different-after-all

81 hit. This might be it.

Originally posted by MarcinO

Using key geomtries I would say 77-80 by March contract.

Originally posted by jimkane

Yes, Marcin, that's a key spot. It also gets weird because we are now front month Mar contract, and it is trading about 11 points lower than Dec, so how does that factor in? We need to see the work, as best as it can be done, for Mar to see where that area is, too.

By my work the XLE is at a critical area here. They keep talking about when the energy stocks is finally going to 'catch up' to crude, well, if they break this area, I think they will. But, no bounce here, and well, wow. I could see crude bouncing here to 'backtest' breaking the key 57-61 area, but that bounce would be better from lower. Great action.

Sounded pretty crazy, huh, that I said we were here to sell, and the market then bounced up like a monster. You just have to be patient, wait for the spots. Nothing like 37.75 points (by my data) essentially straight down to work with, right off a backtest area...

Originally posted by jimkane

And now we can get to the business that we are all here for: selling.

I can't get over the oscillations on the 1-min on that ES. That is just whack.

The ES is on fire in here!

Does it want to play with that 95.75 high?

There are technical factors that say it 'should' want to come in a bit in here, so we'll see.

So, the ES saw that technical factor, came in, and is now rocketing again, I suspect headed for that area I just mentioned.

Originally posted by jimkane

Does it want to play with that 95.75 high?

Or higher ?

A follow up on that insane SPY thing yesterday.

http://www.zerohedge.com/news/2014-12-19/just-one-question-about-yesterdays-last-minute-berserk-etf-freak-out