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Check out the 10:10 bar on ES. Essentially a failed breakout below yesterday's LOD. I've been reluctant to short beyond a scalp this entire week so far as there seems to be a ton of demand in this zone clustered closely together. Predictably, we reversed of the current week's Open now, so it's...

Trading above this week's mid-point now. Next hurdle above is this week's open @ 4499,25. Definitely outside day potential here, but let's not get ahead of ourselves.

This is what I see and have been blabbering about since Sunday:

It's a mess right now, IMO. Could swing both ways still. Plenty of bids here and selling off as soon as we're breaking out. That's the pattern lately.

The odds of an Inside Day following another Inside Day is about 4 %. So, pretty rare. Tagged yesterday's LOD, so no longer relevant. The odds of an Outside Day following an Inside Day is better, though. About 17 %.

There always seems to be a bid in this zone. Tricky. Not shorting this. At least yet.

Two Inside Days in a row are quite rare, though, so something's gotta give by the close. Either 4462 or 4514.

The view was brighter when I posted what you're quoting me on. :) This demand zone around 4470 is still holding though and I managed to stay in my long trade through that drop since I'm swinging only a micro. If we fail to break out one more time to the upside - I'll go flat. For now, this is...

How did you make your pile if you're not as good a trader as people think you are?

Plenty of FBOs in both directions lately. Eventually - something's gotta give.

My best guess is that we'll see a good long move coming out of this base as SPX fills the gap from above. Then we'll see if that zone reverses the short term trend for a move lower again or if we get continuation higher. No posting trades today, but I'm long here myself and will leave it at...

That was a quick 50 points over the last 35 minutes. Kudos to those who catched it. Weakness in NQ was the key all along, IMO. In hindsight - FBOs signaled every major turn on today's range bound session including this last drop. I seem to be good at entering on FBOs of a LOD, but not so good...

ES (trying to) breaking out, but NQ still spoiling the fun.

Rocket pattern shaping up nicely here.

That zone held nicely this time, too. Maybe I'm too optimistic, but I still think this can run higher by the Close. 4535.

FBO on the LOD. NQ can however potentially ruin this.

I'm flat on that late short and will look like a fool if we dump, but I think we can find a bottom here. Not entering long yet, though.

That 72/76 level have held like a rock over the last 20 hours. No wonder it staged at least a bounce.

I'm a late entry short here. Both ES/NQ gave up important support here, IMO. Not sure how much downside to expect, though. Natural expectation would be 4440 on the day.

I can see it better now. The one concern I did have earlier was NQ heading lower. I'm flat and watching from here.