I just checked in and saw there was no topic for the week yet, so here it is.

70 is likely to be not enough to send the Cable again.
Tomorrow about European open areas around 1.5230 and 10 are also a play.

I'm thinking there is a moderately good chance that the 'bull' run is over at this point.

From my observation, today was a most unusual day. This week was not unusual at all, but today stands out. Part of what I saw at the inflection point at the perfect .382 pullback on Monday was the potential for a turn up that would play out over the course of oe week. Which it did. The pause Tuesday was a bit of a fake out, since typically there is a larger reversal within the week. But it played out as a flat, and Wednesday was a continuation, which seemed poised to pay off for a measured move today where c=a. In fact the target area was hit in the premarket, but not in the cash market, which was flat with a weak bias. In all the years I have been following oe week behavior, this failure to continue the trend of the week on Thursday is rare, if not a first. It sets up the potential for a snap up and drop tomorrow as one of the possibilities, assuming that that area around spx 2095 actually does get hit within this move.

70 was hit, and now bakctest of key flows at 75 is taking place. We will see.

That would line up with weakening of the Dollar which I expect.

Originally posted by rat89

From my observation, today was a most unusual day. This week was not unusual at all, but today stands out. Part of what I saw at the inflection point at the perfect .382 pullback on Monday was the potential for a turn up that would play out over the course of oe week. Which it did. The pause Tuesday was a bit of a fake out, since typically there is a larger reversal within the week. But it played out as a flat, and Wednesday was a continuation, which seemed poised to pay off for a measured move today where c=a. In fact the target area was hit in the premarket, but not in the cash market, which was flat with a weak bias. In all the years I have been following oe week behavior, this failure to continue the trend of the week on Thursday is rare, if not a first. It sets up the potential for a snap up and drop tomorrow as one of the possibilities, assuming that that area around spx 2095 actually does get hit within this move.

ES making quite a move into the European open. It got all the recent highs, and only the high for the move remains. I'm curious to see if it sustains at all, or if they just wanted to sweep it out before the open, and then stop playing with it.

It wants to get to 30-40 and ready to fall anytime now, I think.

Anyway, we all can see 93-98, and 2105-09, all give or take. Then there's the contract high and all-time high. That's confusing because the two previous contracts had higher values at the high, so which is the real 'all-time' high?

The Cable at 1.53. It's a good place for a short side, I think. My favorite scenario is that CD leg to 1.5230 starts here.

Everything according to the plan.
Cable in 30's. This area may send it up again.

Well, it did hit 89.25, so that's okay. I got the read into the area, and pretty much for the move up. The morning made the move right to the posted area, the move down was in nice waves that followed the principles. All-in-all a pretty good day for trading, in my opinion.

Originally posted by jimkane

I'd like at least 90, preferably 92-93.