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ES struggling to break through 1517.50 support. I have lowered my stop to 1519.50. Adding one more unit to short here at 1517.25. Target 1513.50.

From your mouth to God's ear! (Since I'm short now.) :)

1523-24 zone penetrated to the downside. I think that drastically reduces the probability of another rally today, and makes the bias downward. S 1522.50 with 1.5-point stop Targets 1517.50, 1513.50, 1508

Hey! Stick around! We miss you... :)

Class, today's lesson is patience. This is a character-building experience. Savor it. :)

Target hit and filled for +4 points. Now looking for a short entry.

L 1523.00 with 3-tick stop PT HOD (4 points) Above HOD, looking to go short.

That was one hell of an entry! 1 tick from the low. I did not even show 1510-11 as a weak support level. Congratulations!

1513.50 support did not hold, and is now resistance. Stopped out for 1.5-point loss. Next long entry about 1508 (which is also rule of 10). Next below that 1502. If support doesn't hold at 1502, Katy bar the door -- there's not much support below that until 1458.25! Did anyone go short...

Support at 1518 area has now been violated, and may now become resistance. Looking to go long on a pullback to around 1513.50. Targets: 1523-24, 1530, 1537. Bonds continue gaining. Oil futures sharply down. Both bullish for equities today. EDIT: 1518-19 is now resistance. ES now running...

Stopped out at 1520.25 at 06:42 EDT for a 2-point gain on the trade. (I was asleep at the time.) Now re-approaching resistance zone at 1523-1524.

Stop trailed up to 1520.25. Approaching resistance zone at 1523-1524. Next resistance above that is 1530 and 1537.

In Globex... L 1518.25 stop 1517.00 (1.25 points) PT1 1523.25 (5 points) PT2 1530.00 (11.75 points) EDIT: stop moved up to break-even, last tick 1521.50 (+3.25)

Excellent! Thanks, Vol!

T-Bond futures (US) closed Friday near HOD and gapped up sharply in Sunday night Globex trading. Could be positive for equities if the close correlation between bonds and equities seen recently continues.

What time frame? I'm not seeing it. Picture please?

Gotta go, probably for rest of trading day, so guess I'll miss whatever excitement develops this afternoon. Good trading and good weekends to all. See you Monday morning.

I guess the bulls are still out getting their morning Starbucks... (I got my Venti dry skim milk cappucino at 9:18 EDT.) C'mon guys, time to get to work! EDIT: Too late. Stopped out at 1525.50 for -1.5 points. Back to Plan A of waiting for 1521-22.

I waited a bit longer for confirmation. Trying to discipline myself to do that, as I've had a tendency to jump in too early. L 1527.00 Stop 1525.50 (1.5 pts) Target1 1533 Target2 1536.50

Primarily identifying probable support/resistance zones by reviewing recent historical price action. I use chart patterns (reversal bars and buying/selling tails) to confirm reversal points before entering. I use RSI to help confirm a high-probability entry point. I use close stops (typically <2...