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Short 763.

790-800 seems to be a good target for this rally to end. Wednesday is FOMC day. So Wednesday or Thursday seems to be a good time for this rally to end and the downside will resume again. Pure speculation here.

It's probably the case that the market in a uptrend moves in a more structured way than that in a downtrend. I don't have statistics to back this point. But I certainly think in this way. The rest of day, my guess, small range in both ways. As long as the market stands above 740, the bulls...

As long as the market stands above 740 for SPX the bulls are still in control in short term. Today is a test for bulls and I think the bulls can defend 740 successfully. This consolidation action is in bull's favour.

Consolidation day in play. Hopefully there will be some actions in the afternoon.

Clear enough. Thanks.

Against my own assertion. Took a small short at 744 for a possible DT. Stopped for 5 ticks. Today is definitely a killer day for shorts.

Today's uptrend is even stronger than Tuesday. No short before 746.

Someone may ask this question before. I'm asking this question again here. ES used to have a positive premium versus cash index. Right now there is a negative premium. What's the reason for the premium going from positive to negative? I know it has something to do with interest rate. I just...

I'm talking about purely intraday here. I 'm long here at 724.5.

This slow and steady upmove is annoying: For long, no way to get aboard if not aboard in the first place. For short, it is definitely a killer.

Just curious. Do you use stop? What's your exit strategy for a loss?

Out 720.75 for a quick scalp. May re-enter later on

Small long 717.75. 5 ticks stop

Look like

So far it looks at a day of consolidation

Yesterday I left this question at the time of market close. After today's market actions, it is easy to know the answer: There are a lof of acumulations at 670 level to support the price ahead of the Citi news...Charts usually don't lie...

I think HOD has not been made. We haven't seen this kind of strong uptrend for a long time. My target for HOD: a) 718-720; b) 724. Let's see how the market plays out.

ES is in a beautiful down channel. This is one thing I don't understand: Why does ES stop at 672? Everything points out at least new LOD should be made. Does somebody has some ideas?

There will be a slight difference. I guess this is why technical analysis is never pure science.