Kicking it off.

86 seems to be a nice area for a jackrabbit start.

They dropped it in the AM a bit before the rise, as they have been pretty much all week. The area they came to was to the tick, by my data, where I'd expect. Fell a little shy of my 2100 area, but it is clear it's doing the move not in the explosive form, so it may keep rising steadily from here. This week was basically a repetition every day after Monday of the same thing. It's kind of amazing, actually, how they simply repeated the approach day after day. In my opinion it was easy to trade once you saw this.

Understand, too, these are fairly 'traditional' measures, so they will 'overvalue' the market tremendously already. Look where they are. And now think about the S&P doubling or more in short order, as Armstrong suspects, and those dots not moving much, or even going down. I totally can see it happening, but how many times will we exceed the insanity of the past and set new records in idiocy? I guess lots.





Source: http://www.zerohedge.com/news/2015-04-10/%E2%80%9Cfacts-do-not-cease-exist-because-they-are-ignored%E2%80%9D

ES closes after a new high for the entire move here in the little extra Friday session. Nominal, but still, it had to take out that RTH high, didn't it.