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Ah, the old falling knife catch trick.

H&S confirmed. Neckline at 1466.75 crossed, tested, and seems to be confirmed from below. Calculated H&S target is 1458.25. This on 5-min ESH8 chart.

Possible right shoulder forming on 5-minute chart, with level neckline at 1466.75 (double bottom). Retrace to neckline necessary to confirm, of course.

NQH8 making new LOD, can ESH8 be far behind? EDIT: Starting to look H&S-like on my 240-tick chart. EDIT: Having a hard dime breaking down through neckline at 1470.50.

Nice work. Hope I'm not too late to the party.

Very nice work, vertigo! Long SDS (double-short S&P 500 ETF) and QID (double-short NASDAQ ETF) just before the close Friday to hold through the weekend and beyond for a swing trade. Did not go long TWM (double-short Russell 2000 ETF) because of unreasonable bid/ask spreads, but might do so...

Long stopped out. :(

If I calculated the IHS target correctly, it's something like 1509 reference ESH8.

Boy, you sure called that one. Retracement missed my stop by 2 ticks, too. Whew! Hey Vol, since you're in such a prescient mood today, you got any targets for this long?

Probably very wise, sir. Thanks for sharing. Not bad for an hour's work, eh? :)

Final piece out at 1497.00 for +8.25. Gap closed. Now flat. Time to go make breakfast! :)

Working banker's hours, eh? :)

Taking some off here at 1492.75 for +4. EDIT: Stop on rest raised to 1490.75. Trailing up, looking for possible gap close 98-99. EDIT: Taking more off here at 1496.25 (prior swing high) for +7.5. Leaving a runner on. (Having trouble posting to ET.)

It's 10, so I guess it's okay to trade now, right? :) Long from 1488.75. (Okay, I cheated by a few minutes.) Significant resistance at 1490.50 which is 38.2 fib retracement of last down. If we break through that, the longs will smile. Right there now. EDIT: Lookin' like we broke...

Oops, just touched 1479, so if your stop was 2.5 you got stopped out. It's amazing how these AH moves can go on monotonically without ever retracing or offering second chances to enter. Seems like it wasn't long ago that the AH session was usually a yawner, but lately it seems like there are...

You have been filled, my friend. Good luck, and sleep well. :) EDIT: Wow, look at the buying that came in right at 82! You've sure got the magic touch!

Sweet AH trade! Went short just before RTH close at 1490.25. Added on in AH at 1489.50. Closed initial position at 1484.50 for +5.25. Closed add-on at 1483.25 for +6.25.

Am I correct that we start trading ESH8 at tomorrow's open (rollover day)?

Yeah, me too. Today just went from being one of my worst-ever days to one of my best-ever days in one trade. I'm emotionally exhausted!

Out on trailing stop. What an amazing ride! Just for fun, look at today's candle on the ES daily chart. :) What a tail!