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Quite possible, but hourly TL below @ 105.15 might need testing.

Well, we got 1 day at least (yesterday). :(

thnx!

Thanks. .. Same.

Can someone please confirm 95.50 for the 8:15 bar open? I'm not confident in IB's # ... looks like they jumped the gun on the ADP report. TIA

Even funnier if 1393. :eek:

Thanks for the heads up LF. Corresponding SPY # for that date is 141.26 and it just hit.

Guaranteed tomorrow will have a much better range. 12 at least, statistically.

True. Actually 90.00 was an important breakout (Thurs), but I still think 75-70 could get tested. This is the first question, imho ...

Could bounce, but bigger picture I see all kinds of things looking to be tested below, including a gap at 70.00. First magnet might be the hourly channel breakout around 75.00 EDIT: Scratch that; actually FIRST might be the new hourly lower TL ~ 86.

"Sell in May" played out well. :cool:

Yeah my first thought was that would be too obvious, but it did happen last year just like that. Probably makes it even more "obvious" though, and therefore less likely. Could just be a fib pullback since the last 5 days are straight up.

Tale of 3 markets ... Nasdaq down -.6%, SPX -.4%, Dow -.2%. That would seem bearish, with Nasdaq leading the decline. Monster sellof tomorrow to start the May seasonal trade?

1/26/11 it only moved 5.50. Still some time left today though. :cool:

They're vehemently defending 103.20 ... a solid break of that and I could see 102.50 - .40.

Nice call.

5min HOD bar's low (give or take ..) ADD: and apparently, they are NOT willing to hold for a full point. :mad:

TL on hourly as well. However, p/d close may be a magnet, and I also think the 103.95 shorts will probably hold out for a point.

Looks heavy imho ... 103.10, possibly 102.60 today. Just a hunch.

Gaps from Friday: ES 75.25 YM 986 (just filled) SPY 137.72