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Nice two day fund liquidation. Everybody jumped on the S&P balance area. R -> S.

Watch out for SPX 1260

No Heat You've taken 13 pts of heat. Counter trend trading is most certainly difficult, and any trader can average up. What were your thoughts on counter trading mid channel? I see us pulling back to 42ish. Do you see us pulling back much further than that? Thanks

I'm inclined to agree, but for short term only. All three futures are at the tops of their trading channels. Institutional selling is done for the year, so downside pressure won't be strong.

Or you can enter on TICK divergence as seen below. ES made two lower lowers after the 10:15EST low, both on DECREASING volume and WITHOUT volume spikes upon each breakdown, and the micro consolidation from 11:17 to 11:29 (memorize that formation when followed by a volumeless lower low. It will...

ES finished flat. YM finished down just a tick. Hmmmmmmm. Question (and I don't have the answer) for the masses: How often do the futures finish flat (and SnP for that matter) on OpEx days? And why?

If you don't like low volume like today, the next two weeks will be torture. Two point range days are common.

Go Mr. Market!

Nazzie could explode here at its HOY breakout.

Flatso 37.50. Zzzzzzzzzzzzzz.

S 37.25

Give 'em hell, ammo.

Move along people. i_c didn't ask for help, so let's not offer it. If and when he has a losing trade, surely he will learn from it and change trading tactics if needed. Told ya...

http://vimeo.com/13604788

Attached is the channel for trading I drew this morning using Monday's AH low and Tues AH low as the bottom of the channel. Sure enough, we ran out of steam at the top of the channel. I shorted 39 down to mid-channel 33. Yesterday's one tick ES expansion said it all, however. Clearly no buyers...

For FOMC, flat is where it's at. Price can whipsaw 20+ pts, and getting filled for entry / exit is next to impossible.

Birds of a feather flock together.

Bears and bulls make money. Pigs get slaughtered.

Who says the ES isn't predictable...

COMP weighing. Looking for 2625.