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Or that ... :D Needs to break out of this small flag here though. Pit stop (or more?) @ 50% avg range.

94.50 is the line in the sand IMO. I'm thinking 95.17 wants to be tested if it breaks out. (updated previous chart) ...

2-tick HL possibly just to lower the bar for the top of the flag.

I see. Thnx.

Yeah, I suppose the swing traders who shorted the breakdown can't get away without taking some punishment. Good call.

Overall markets weakening as well.

If it can't even get up to 95.55-.70 to form a proper flag then the weakness is severe IMHO. 3-pt day maybe, or 2 at least (= p/m range).

Is the long entry @ open? Nice work ... thanks LC.

('whizzer' is more like it ... :eek: ) Agreed, looking heavy. But is there enough juice left to push it either way? Seems like it struggled just to reach average range up at the high.

It would need to move another 1.00 in the last hour of RTH, in the same direction as the past hour. That 1.00 is more than the range of any 1hr period today so far. Could happen, but IMHO not likely. :) Add: (Not claiming to be a market wizard at all ... just wanted to not leave you hanging...

Thnx ... we'll see. Ema's holding for now, but starting to roll. If it retraces past 50% I'd be pretty sure no new HOD.

HOD may be in here.

To hit 97.20 though either way, of course. :)

You may have been a buck too early. :(

Yes, I would be buying for a longer-term hold if it gets into the low/mid 80's before a meaningful retrace. Of course that's not going to happen today ... would be a swing scenario to play out over several days, perhaps a couple of weeks. :)

I believe if things get ugly this could drop another 10 full points before much of a meaningful bounce, based on a look back at some of the larger drops over the past couple of years. If that were to happen I would want to back up the truck at around 84-85, ahead of the summer driving season...

LF if you're holding long through all this my hat's off ... chop and stop to my eyes. I still think ES could either gap fill or rip to 65 by the close. Stuck right in the middle for now though.

Not always but yeah, if there's something juicy. Bottom line for today though is sentiment seems mixed/flat, so I will probably be wrong on my earlier statement.

Kinda thinking that, plus CL hit res. @ the RTH channel top. Edit: Of course if Dow and SPX fill their gaps (or don't) without much further downside on CL, then longs should be money. CL is hanging in right now @ 50% of the 1st up leg.

LF, fwiw Dow and SPX still have gaps to fill below. Naz is neg for the day while the other 2 slightly green.