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Thanks. I was just going to ask if you had a trend day pic for us today. :cool:

Also, and this chart is a little old, but the case for 70 still exists IMO.

I'm not saying it can't go up. I'm just saying there is a pretty good bear case still, especially if it breaks that 83.00. :)

Looks like it just filled the gap from Jun 11, and also hit the top of a bear flag channel where it was rejected. The bear case looks good to me, and a break below about 83 would suggest to me a move into the 70's.

I think the question should be 'where did you get more?'.

The previous replies were spot on IMO. I'd be curious to know whether your trades are discretionary or based on specific, pre-determined "absolute" rules. If the latter, you should be fine ... slippage will not hurt you that much if your system is as consistent as those 2 days (a big IF, based...

I'm not sure what all the fuss is about. Everyone knows right now traders are ready to pounce on any news out of Europe, especially coming into the Greek election this weekend. Markets have always been prone to spikes on news out of the blue. The S&P moved 10-12 points in about 3 minutes (not 3...

Stop with the useless comments LF. :p (Just kidding!!!) Your comments are usually good-natured, market-focused, and in the spirit of sharing ideas. I like that. But you have to admit it may take awhile for you to live down the "up,down, or sideways" thing from yesterday ... lol...

Really seems to be bull-flagging here on the 5min, but here's a chart of that TL ..

Could be HOD here. Market hit a stealthy little top TL from the Jun 10-11 tops, combined with R10 RTH and p/m high. I hope it's not done going up yet, but I think it just might be.

I actually did not think that would hold. A little surprising; those are rare.

Quad tops @ 20.50 ??

Forgot about the R20 @ 17. That might be a hindrance to it reaching 20.

Yeah, actually the 50% is more like 19.50, so .... same general area I guess.

Because I feel like the market may have bottomed Sun. night for the near term. Even if not, it seems headed for that 50% retracement regardless. :)

New highs by EOD, almost guaranteed. First target might be 1320 ... 50% back from yesterday's (Sun night) H.

No "L" for today, to say the least. :eek:

Looking a little further out I almost want to say we could see a 70 print in the near future.

Possibly 81.80, 81.60? ... 3-day channel.

All you ... you're killin' it today! :cool: