ES headed to 1120 or so by next wk

Market again was very strong today..any pivot support has a bid. Oil breaking out..and 50% retrace to 1120 is a magnet... I have changed my bias. Trade from the long side and do not fight the fed (or feds of the world)

Market again was very strong today..any pivot support has a bid. Oil breaking out..and 50% retrace to 1120 is a magnet...

I have changed my bias. Trade from the long side and do not fight the fed (or feds of the world)

But what's the rationale here? We need a catalyst to push it up... I am not seeing it.

breakaout from 1075 ES remains.. 1075 was a huge attraction for bears as it was a bear engulfing candle and lots of hope..the fact that it gave way w/out a hiccup seems that there is more upside from here..today i had hoped it would retrace at least to that pt, it didn't. I am seeing cont dollar weakness to reach at least 2008 low in short term and oil breakout....Both supporting equity...in fact, i would think this may continue till year end as the festival season is at hand....50 % retrace in SPX is a given..that ES 1122 ..another 4-5% from here

Market again was very strong today..any pivot support has a bid. Oil breaking out..and 50% retrace to 1120 is a magnet...

I have changed my bias. Trade from the long side and do not fight the fed (or feds of the world)

But what's the rationale here? We need a catalyst to push it up... I am not seeing it.

i just looked at USD chart and it sure looks like double top and extends to ~72 to reach support...further, the rise in dollar in july 08 mirrors fall in US market (the 3rd wave of vicous fall)

breakaout from 1075 ES remains.. 1075 was a huge attraction for bears as it was a bear engulfing candle and lots of hope..the fact that it gave way w/out a hiccup seems that there is more upside from here..today i had hoped it would retrace at least to that pt, it didn't. I am seeing cont dollar weakness to reach at least 2008 low in short term and oil breakout....Both supporting equity...in fact, i would think this may continue till year end as the festival season is at hand....50 % retrace in SPX is a given..that ES 1122 ..another 4-5% from here

Market again was very strong today..any pivot support has a bid. Oil breaking out..and 50% retrace to 1120 is a magnet...

I have changed my bias. Trade from the long side and do not fight the fed (or feds of the world)

But what's the rationale here? We need a catalyst to push it up... I am not seeing it.

breakaout from 1075 ES remains.. 1075 was a huge attraction for bears as it was a bear engulfing candle and lots of hope..the fact that it gave way w/out a hiccup seems that there is more upside from here..today i had hoped it would retrace at least to that pt, it didn't. I am seeing cont dollar weakness to reach at least 2008 low in short term and oil breakout....Both supporting equity...in fact, i would think this may continue till year end as the festival season is at hand....50 % retrace in SPX is a given..that ES 1122 ..another 4-5% from here

Market again was very strong today..any pivot support has a bid. Oil breaking out..and 50% retrace to 1120 is a magnet...

I have changed my bias. Trade from the long side and do not fight the fed (or feds of the world)

But what's the rationale here? We need a catalyst to push it up... I am not seeing it.

I think on monday there would be a bounce at start and it will probably fall thorugh to retrace 1075-1070. I long the plunge on monday than sell the bounce.