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ES still putting in HHs and HLs on the hourly. In other news treasuries have finally sold off.

Because its the closest resistance of significance, and we are only 1% away from it now, no reason to not test it imo.

Those Apr highs need to be tested.

The last swing was ~65 points on the ES, we bottomed at 1349.25 last week so a similar move should take us to ~1415, which happens to be the closing highs in Apr. It would probably hit Tomahawk's 6/19 - 7/5 trendline as well if this thing takes another 2-3 days to get there. Again, no hurry...

Price is usually attracted to areas of strong resistance/support when its near enough, so yes I think we are retesting those highs.

We are still about 1% away from Apr highs, no hurry to sell this thing.

Still seeing HHs and HLs on the hourly, no sign of any real selling yet.

Another day where selling is near non-existent, I think this should grind higher (slowly but surely) towards the April highs in the next few days.

Thought about selling the 30/7 highs earlier in the session but the lack of any real selling stopped me from doing that, this market is so difficult to trade now...

Ask 87.25, 2 point stop. Edit nvm cancelled order.

Could go lower but the R/R isn't good at this point, the easy money has already been made.

Yea reminds me of 2008 too, though rates weren't that low back in 2008. With the 10 year at 1.5% there is simply no money to be made in treasuries anymore, I guess thats why the "market is defying all odds" now. :)

60 point swing in 24 hours, this market terrifies me. :p

Awesome trade ammo.

flat 45.25. heading out for a bit, good luck guys. :)

Moved stop to 38. Thx ammo. :)

1/2 off 39, rest stop to breakeven.

L32.75, 6 pt stop.

Nothing is "guaranteed" when it comes to trading, just sayin...

Thats true, but I tend to pay more attention to the higher time frames, even though I might be trading the shorter time frames. :)