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Oil is heading to $80. May be enough to get the ES to 1126 before a HUGE decline.

good call ammo

Thanks kinggyppo! I love to absorb good information...

I will keep saying this: the ES is carrying a heavy weight higher and higher and will stall out. 1032.50 is dead weight and we need a reversion to deal with this so the rally can continue. I'm not screaming crash, I happen to think we have plenty of upside still. But before we see 1240 [this...

No its ok, so much gets lost in translation via these forums and we all trade differently...It's nice to know how people approach this [at times masochistic :) ] profession.

cool man thanks-

Does this analysis influence your intra-day trading at all?

As for me, I have larger swing trade guides that are always analyzed through EOD data to predict my swings. I have Intra-day signals that fire all day long...so my intra-day trading has no bias up or down and any discretionary trading I do is swing oriented from EOD data. But to those...

I am stating specific numbers and likely scenarios and have been consistent in my analysis...I have real reasons for my numbers and if they are wrong they are wrong and new numbers present themselves... ...furthermore,these are not predictions "for entertainment and shootin the Sh*t" they are...

Hey Schizo, So you have no technical signals that are showing lower prices or a retest of lows? The bottom 'for now" is in?

*Lets look at the next 5-10 trading days* Here is another way to look at what is happening in the ES right now: [UNTIL OIL] hits $80, this bullish undercurrent will keep the ES from dropping and dropping...watch CL or QM and look for $80 to be reached, when it does, IF 1032.50 on the ES...

VIX is currently too weak and if that did happen VIX would spike and continue to rise and thats horrible for short term upside, 950 would be seen in weeks...so I hope your not at your computer praying for that! STOP! Ha

So the bulk of the 500 points will come this afternoon?

So now the ES has dealt with 1094. Thats done. We still have 1110/1126 to the upside and 1051/1032.50 to the down side...this market is not going any one direction [with conviction] anytime soon.

I'm a big fan of analysis, it is highly deductive at times, but always entertaining... Can you please explain technically why you are talking about a 500+ point rally today on the YM? I would like to understand and check this out myself.

Hello trader198. Is this from the [9:30 am est open] or the [16:30 pm est] open?

As a guide for the ES, if the 16:30 pm est open is on the opposite side of the daily pivot as it did today, from the 9:30 am est open (splitting the pivot) this usually results in a move back to the 16:30 open within the same day or 48 hour period. If you are receiving short signals and you...

This technique is setting up, today has to close out and logic has to be applied to it first...but we will see...I will break it down EOD and then we can watch and see if it ever plays out. EDIT: remember this is a [guide] and allows you to have a general idea if price is going to rise or...

Yeah austinp, to those of us that trade heavily, long term P&L relies heavily on continuing to play the odds over and over and I am sure you deduct **plenty** from your trades that don't go as planned...

Once again, at open just now, the overnight session opened under the low of the day...this very bearish, 2 out 3 days it has done this...very unique occurrence for the ES full session... EDIT: 1051 is now looking less likely to spark a +20 point spurt...1032.50 next stop?