not enough for 1300 today

June ES did not open at 1275 like I said it needed for a 1300 hit today. That's where the downtrend line of the channel hits it. It's been rubbing on that all day. I would call this an a-b-c rally to 1300 for a top before test of lows again. And perhaps b of the a-b-c ended at 1262 area today. The last c wave may have started and may break 1275, then back test for wave 2 before wave 3 hits tonight to get to 1300. The longer it takes to get to 1300, the more it will exceed it. The back test of the broken trendline was 1300 today. Tomorrow it will be higher, and later it will be even higher. There is a possibility that going to 1300 constitutes an a-b-c of just an a of a larger a-b-c wave 4.. which would imply that bears shorting at 1300 and looking for test of lows may find a bear trap monday/tuesday as the larger b, then a rally to 1320 as a larger c. I only say this because DAX corrected very deeply and it will take time for DAX to come up and back test its broken trendline.

Off chance libya no-fly zone news hits and drops it to ES 1258.. That would set up for a larger b down.. then a 'c' up that doesn't quite hit 1300 and that would make the larger 'a', then some sideways before larger 'b', then finally a 'c' to 1320 area...

Blah...Blah..Blah.....got a chart that makes visual sense?...or haven't you figured out how to post one yet? Can't wait to see you on "Intervention"...would be great publicity for the board...Booze, Drugs, Food and now TT postings.

Blah...Blah..Blah.....got a chart that makes visual sense?...or haven't you figured out how to post one yet?
Can't wait to see you on "Intervention"...would be great publicity for the board...Booze, Drugs, Food and now TT postings.

You get what you paid for.

This market doesn't have the balls anymore to do what you expect. What you'll get in truth is a gapdown to a DEEP B-so that bulls can fantasize it as a 2. Follwed by a C that never gets a wiff of 1300-and a DUMP. If you want to see 1300, you'd better have real deep pockets-because you'll have to do most of the buying needed yourself. Todays gapup drew VERY little interest, and we lingered near the top for a whopping 1 hour. The market has shown it's character and strength levels, D Nile is more than just a river in Egypt-and can get real hard on the pocketbook.

This market doesn't have the balls anymore to do what you expect. What you'll get in truth is a gapdown to a DEEP B-so that bulls can fantasize it as a 2. Follwed by a C that never gets a wiff of 1300-and a DUMP.

If you want to see 1300, you'd better have real deep pockets-because you'll have to do most of the buying needed yourself. Todays gapup drew VERY little interest, and we lingered near the top for a whopping 1 hour. The market has shown it's character and strength levels, D Nile is more than just a river in Egypt-and can get real hard on the pocketbook.

Not as certain as you are in outcome.. but I will flip in a huury if I see something different.

Btw spook... aren't you just a little bit worried that we had a big gap up and 170 pt dow rally yet equity p/c stayed in the gutter?

Dang how big is the gap tomorrow? It's only 12 am Eastern and it's already at 1281.. I wonder if there will be a reaction at 1284 in the night session..