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

I was hoping for 78-82, but perhaps this is like 38 the other day, it just didn't want to do that last leg. Maybe a bounce and roll here, as I said, into it. But maybe it does the obvious (again), off the TL.

we got the snap up today that appeared to set up on the charts last night. Spx, spy, iwm, all made it to key areas...

spx at the .786

KBIO up a little today. Like way over 1,000% since the Wed close. Look at it on a daily. Too bad, too, because the new 'investor' and CEO is that guy who bought the one small company and raised the drug price from like $13/mo to $750/mo or something like that. Now it seems he found a basically bankrupt little company with a short interest bigger than the float (how can this be without naked shorting, which is, am I not correct, illegal?), made a few announcements, and created a short squeeze that may only be getting started (remember CYNK?). He wipes out a lot of people (who were idiots, I agree), and makes a huge profit. I hate to see a guy who did that to people depending on that drug to make all this money on this, in this manner.

http://www.zerohedge.com/news/2015-11-20/desperate-novice-trader-may-be-suicidal-if-he-didnt-cover-short-kbio-squeeze-goes-fu

I want to see how the ES handles the area coming up here to evaluate this bounce. It is set up perfectly to roll down now and take out that TL, but I have a feeling it will just blast off. I really want that roll...

Yes, rat, the pop today brought them all right to their spots. I hope we see the reactions in full swing to those areas...

Well, it touched the RTH LOD again there.

And that's drawing a big reaction. I suspect it may go up for the rest of the session. At least I think that is on the table as a possibility. The way it is acting, I just think that's what they want. The sellers may have other ideas (I hope).

I find this really odd. Probably nothing, but it seems very strange.

http://www.zerohedge.com/news/2015-11-20/fed-hold-expedited-closed-meeting-monday

More CMG E. coli issues just out. More states. Stock getting hammered. I don't want to see anyone get sick, but I have to admit, this is a stock I follow every single day, and I am sooooooooooooo happy to see it dump. If it can even be called 'dump' when it's still way over $500/share.

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.