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I'm beginning to see a pattern here. ES trades within a 20 pt range for about 10 days, then breaks out and does the same the thing over and over again. The grind up is systematic and relentless.

Should be seeing 1350s support again today, I wonder if it will hold this time though...

Yea... looks like the assault on that support is over for now.

I see the same thing. We should get a sizeable selloff of at least 20 handles if this area gives way.

Risk currencies all going thru the roof, and the Greek deal isn't even done yet.

Moving towards 50s again, I wonder when will ES break out of this 20 point sideways range...

Why trade sim if its so "easy"?

European headlines again. http://www.reuters.com/article/2012/02/15/markets-forex-idUSL2E8DF2EH20120215 That was what brought ES down from 58. Looks like greece is doing everything they can to get their hands on the next tranche of funds but their lenders don't trust them anymore.

Imho it doesn't mean anything if its on an uptrend.

Sim account?

Dragonfly doji.

I think the Greek party leaders will do whatever it takes to get the next tranche of bailout funds, whether the lenders will trust them enough to disburse the funds is another matter though...

I wouldn't bet on that happening.

Samaras says he will sign commitment to lenders on implementing austerity tomorrow. This was in response to this: http://sg.news.yahoo.com/greek-party-chiefs-must-commit-austerity-weds-government-121332481.html

European headlines driving this thing.

Bull markets tend to be boring.

Theres hefty resistance between SPX 1340s to 1370, lots of selling in this area but the market isn't going down, I think it will still grind up to 1370 by rollover.

Yea could definitely test those 07 highs again. Such an outcome will probably surprise most people (and cause them to lose $$$!!), nobody will expect the market to hit those levels when the economy is in the tank.

Most likely a slow grind up to 1370.

I don't agree with him, the dollar isn't strong again cos of the data, the risk currencies like the AUD are rallying hard vs the dollar, its only the EUR thats weak vs the dollar (and most other currencies actually).