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Possibly. I could see another .75 or so lower based on the hourly, but maybe up to ~ 92.20 before that. Of course anything's possible. :)

What I hear you saying is that random discretionary trading doesn't work, and I agree. But even rules-based and backtested strategies that require manual order placement have to on some level start with the statement "I think the market will ... BASED ON my studies of 'XYZ' ... " ... do they...

If not, 01.00 - 03.00 should hold.

New lows in Q's.

Thanks for the heads up. Still looks like >2:1 Jun vol vs Jul. I'll probably switch over tomorrow. Whaddya say EK, p/d low in play?

Thanks. To quote a famous ET trader: :)

Good entry IMO. But now I think classic TA would say reverse immediately and cover near your original stop or better.

CL wants to hideously die but it's sure taking it's time. 92.20-.40 coming, IMHO.

:) Glad to hear it! I've tried to remember never let my guard down or get over confident, b/c she'll slap us around when we least expect it. :eek:

:cool:

Agree, not so sure about 1350 before 1311 or even 1301.

Flag top possible here @ ~ .37

I agree with you on the gap fill. Q's filled, but I think that's it. fwiw 1350 is the hourly 200ema (currently) and also the gap left from Friday's close. Today's low hit 70 pts from the last ema touch. I could actually see it going maybe 90 max unless there's a full-on crash (flash crash was...

Speaking out of turn here but ... seemed like a good scalp at least: 50% p/b of move off low, overextended from ema's on the hourly, and local R10 (for the cherry on top). :)

Absolutely, quite possible. Hourly chart is very bearish imho, after the rejection of 95.30 area. Only thing giving me pause now is indices are bullish (big hammer on ES hourly). So who knows.

Looks to me like a large bear flag after the drop from 95.48. 93.90 possible IMHO, but if it breaks 95.10 then we probably re-test 95.30-.50.

Yes, thnx EK. ammo thanks for the re-post.

Nah, I'm considering the good possibility your DT (triple actually) is HOD. Edit: If we break this deep p/b chann. (bounced pretty hard off the bottom), the DT will probably not hold. .... 95.17 in the cards.

R10, SPY R1.00, YM R100, p/d L -1tick .... :)

Thanks for the details LF. (meant to post earlier, got sidetracked).