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ZB falling, ES rising now. The way God intended.

No, not because everyone is short, although that certainly helps the Fed. No, I think when a large selloff occurs--and, yes, someday it will--that will be the last selloff ever permitted. Markets will be, essentially, legislated out of business. Moreover, the fact that such a massive selloff...

Well we got our 1618...roughly 4 pt pullback (3.75, if one wishes to quibble). Now, upward and tally-ho! (interesting to see ES and ZB rising in tandem right now. Hmmmm...)

When and if that happens, you won't be trading anymore. None of us will be. Seriously, it's up or bust.

That might be the right shoulder of an H&S on the 5-min that measures down to (drum roll) about 1618, which would represent a roughly 4 pt pullback from today's high. Might be the game plan. We'll see...

It's still early, of course, but I'm surprised by the vigor with which the close is being defended in the aftermarket. We'll see what happens overnight but for now I see another leg up in the offing.

the only chart you really need these days

a lot of shorting going on...that's part of it right there, i suspect

' out for a point

can't hold myself back any longer. short 1620.75

geez, man...

Wisest words on this thread

We're now sitting just above yesterday's high. Everybody still short?

In a rational world we should get at least the 1/2 gap fill today at 78

That could be worth 100 pts

Huh. This is almost acting like it's thinking of pretending it's a normal market.

decent long re-entry here...for those with faith in the Fed

Yes and when it does, there will be no markets to trade, either. They're all in. This is the last hurrah. Enjoy it while it lasts...and root for it to do so.

Dontcha just love this miracle market?

I have no idea, but the ever-present underlying bid in this market makes shorting an exhausting proposition