a cheery view of spx to start it off:

It will break my heart if it's only a trap. But, it won't be the first time my heart's been broken by the market. It's been broken the majority of days since Mar 2009...

With a higher timeframe line on the ES right there, too, I'm thinking perhaps...

Originally posted by rat89

ok, the bears blinked earlier, don't tell me the bulls are going to blink too? All in one day?

Click image for original size

But, that said, this should not be sitting, 'basing' in here if the sellers are back, so that's worrisome.

Okay, it has the look that 'they' are coming back in.

Kinda funny, the 'big sell' started at the European open, and the 'big buy' start at the European close. Must be a coincidence, right?

Same old, same old.

Okay, well it's back on the long side waiting for the next high for the move, ad infinitum.

It will want to take out that 94.50 high for the entire move next. Then at around 8.50 is the overhead TL for the two major peaks. Then the last big swing-high at 10.25, then the contract high at 18.50. All that is left is what to make of the previous contract (basis June 2015) high at 34??? The current contact traded the same 18.50 at that time...

Okay, right, some weakness after a blast up take out the high by two ticks move. Sure, right, it will sell now. Okay, uh-huh, sure. They like to play so many games that by the time it does something, everyone has quit playing in disgust. It's just what they do.

Uh-huh, just saw this. This time it sells for real, right? Riiiiiiiiiiiiiiiiiiiiiight.

wow. amazing.

Originally posted by jimkane


Anyway, the anecdote: MyPivots, a monstrously famous and popular website, has had zero posts outside the KT private area for the entire month on November, a month I consider the trading to be 'as good as it gets', and 'as much as I could ever dare ask for' as far as trading action. What does that say about the depth of the market action, and what is going to happen when 'they', for whatever reason, turn the machines off, or can't turn them on for some reason? We all know the answer to that one...