Kickin' it off.

Yes. Hey, notice how the IWM looks a lot stronger than the ES. Some of that is because of what happened in the overnight in the ES, but some is not.

Originally posted by rat89

perfect 1.27 on iwm at 104.38

This pig is just so fat and juicy, I want to short it like I can't even describe. But, not quite yet... I have to be patient, the time will come...

It sure looks like its time has come...

Originally posted by rat89

Click image for original size

My timing factor says the ES should come out of this haze here very shortly and make a decision. I can't imagine that decision being anything but taking out that high, but we'll see. Maybe after that it dumps, but I'm not really seeing it just yet.

don't disagree with your take, even though the setup seems to be there for a sharp move down. Kind of doubt they will do it today though.

Originally posted by jimkane

My timing factor says the ES should come out of this haze here very shortly and make a decision. I can't imagine that decision being anything but taking out that high, but we'll see. Maybe after that it dumps, but I'm not really seeing it just yet.

Just look at the first pic and the price. Nah, things aren't getting out of hand.

http://www.zerohedge.com/news/2016-02-29/chinas-crowd-sourced-housing-bubble-goes-crazy-585000-65-square-foot-apartment

The failure there as it came out of the range to take that high out increases the odds of a dump. I expected maybe sweep it out, then dump. Even if it did that, it wouldn't violate your area. This will be interesting either way.

Originally posted by rat89

don't disagree with your take, even though the setup seems to be there for a sharp move down. Kind of doubt they will do it today though.

Originally posted by jimkane

My timing factor says the ES should come out of this haze here very shortly and make a decision. I can't imagine that decision being anything but taking out that high, but we'll see. Maybe after that it dumps, but I'm not really seeing it just yet.

Okay, this explains it all.

http://www.zerohedge.com/news/2016-03-01/todays-rally-explained-just-two-headlines

It is so set up and ready to sweep that high out right now...

Well, that was a great trading week in my opinion. It was a lot different posting during the RTH, that's for sure. I remember now, for the umpteenth time, why I don't do it, especially in the first two hours. I still can't stop myself from over-posting like I was running a live chat service. But, for now, I plan to try and do some more of it next week. Hopefully, I'll be able to temper it a little, but probably not.