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Don't know what I was thinking there, I should have been a seller. But here's the problem with today, you have several swings again. I will wait and see where were at by 1100.

Out at 58.25

Long at 60.75

The times I'm looking to reverse off of are 1000 1100 1330 1500, with 1000 having more power.

I took 2 points and covered. It's wrestling the 5Min upper Bollinger Band and 30 Minute Moving Average Bollinger Band

I meant the 30 minute Bollinger Band Moving Average, not the 5 minute.

Whenever I see the polynomials opposing each other in the charts I posted it tells me that a good trend is not likely to develop. My bias is still to the upside. I did finally buy it at 57.00 during the 1230 retrace and if they get through the 5 Minute Bollinger Band Moving Average I might hit...

The Low was put in at 1100. Should continue up until 1400.

After examining multiple charts that are created each and every day, I would say 1030/1100 will be a crucial turn until 1400.

Looks like they are going to challenge the low from yesterday. Nothing lines up today with the polynomials, they oppose each other for the entire day. So today I will be on the sidelines.

I have everything mapped out now on the ES Daily through 9/30. When the the polynomials line up is when you will see one direction, and we have some great moves coming.

Going up until August 2nd or 5th now. Had to penetrate 7/19's low and they didn't get it done with that announcement.

Emanuel Derman on Uncertainty “….In physics you have absolute values. If you want to shoot a rocket to the moon, you can use Newton's laws and the gravitational constant. In finance you can't make absolute predictions. You try to figure out the value of something by relating it to the value of...

This current trending down move has ran out of gas. You will see another trending move between 1330/1400 until 1500, probably not of the same magnitude as this one. Trend traders will keep selling this current move until you prove them wrong, but it's about over now.

So the challenge is to determine when and what data point(s) do the polynomials begin to move in the same direction and when they do not. Looks as if the polynomials stop moving in the same direction around 1130 or 1200.

Obviously I got the direction of the trend wrong, but at this stage it's not important because of what I discovered between these 2 charts. When the polynomials of these 2 charts are moving in the same direction you have a trend, when they are not the market swings back and forth.

Appears the ES will trend up today until 1230/1330?

I could care less whether they hike interest rates or not. It doesn't change anything that I do.

Out at 63.00

Not changing anything, it either hits the target, stops me out me for a break even or I cover just before the close.