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Losing steam here, but still holding above green for the day without dipping too much. The HOD usually comes in the last hour of the day, so it's not too late. Not worth holding through a deep retrace from here, though, as the day already delivered a good move and tagged yesterday's close...

Not really. I'm sure the concept of oversold/overbought/overextended have blown many trader accounts. I'm just recognizing that we're in an area which could trigger a major reversal lower. I see several price targets above 4200 as well, so I'm most certainly not calling a top. :) Making a...

What if the line isn't wiggly?

That cost have been really weighing down on me over the recent year or two.

Why you ask since it's not in your opinion? I think the daily chart is trading in a potential sell zone. That's all I can tell from looking at the daily chart. That was some spikey action at the high. Maybe some bigger players think it's a good zone for some hedging? Ready to take an exit on...

Confidence level...? :) Your short entry was excellent and it looked promising for a while, but when we failed to break below the range low at 50 - didn't that change the picture for your original thesis? Or is this just noise to you on a swing trade? I think this can go all the way to 4200...

@Drawdown Addict I like the definition at Wikipedia: In my book, anyone who uses price as input for their analysis is using TA. For my personal TA, I use a combination of statistics which is fairly original as I developed it myself (but it's still TA as I use price data) and charts (mostly...

What do you see right now for ES / SPX? Long, short or flat?

What do you trade on if you won’t use TA? TA does not necessarily mean drawing lines on a chart. You may not even use charts.

Got 80 as anticipated. Now that we’re here I’m uncertain. Looks like there’s enough juice for continuation, but I fear being too greedy here. NQ went green and keeps going.

You see 4200 today on the table today? That 4180 level didn't budge much yesterday, so I wasn't hoping for more than a move back up there and maybe an overshoot of that. Of course, if we start ripping above there it's not a long way up to 4200.

Would assume 80 if we can start moving inside yesterday's range, but failed on the initial attempt. Looks like another range bound session.

Tug of war here around 61/63. Key levels for the week. Looking better for the bull case now, but too early to celebrate. :)

Need a move back inside yesterday's range for the bull case, IMO. Maybe a shake-out down to 50 first.

Dip buyers (me) getting creamed. Kudos to @schizo for his excellent short entry. Curious how this day plays out.

If I were to guess I'd say we open back inside yesterday's range (above 64.50). 63 being last week's close should hold some significance. Then it remains to be seen if yesterday's range holds for a move higher back up to 80 or if we drop on the Open back to the range low at 50 for either a full...

Dip buyers showed up at range low. :cool:

Bidding 51 trying to pick a bottom in this area. Fundamentally and technically, I see no reason we shouldn’t sell off lower, though. So I may easily be wrong here.

Having taken out the prior week high already with an initial failure, it's hard to say where this goes. I see some thick support at 45/50, but if that doesn't hold, it could be pay day for @schizo on his short.

Sure about that?