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B1S2 reminds me of Comical Ali. :) All in good spirits of course. No offense meant. :)

Damn. This beast is volatile. Anyone have any theories on how long this volatility will last?

Thanks.

NQ at Y-Day low now. Does not show any signs of a buy yet.

Anticipate a reaction at 31. Might not reverse there though...

Of course it is. I'm joking AND making a point. In my experience, ES can be quite dull prior to a sell. That said, the market isn't really dull now. It just might feel that way relative to some of the moves lately. Still trading through a "normal" day in one hour or so...

Trying really hard to put in a higher low now, but it won't happen.

Always short a dull market. Old Wall Street saying.

The down move was broken, but no real reversal happened. So, my main scenario would be that we're ranging sideways before another slide and a new low on the day. 2631 should be a likely target for this scenario. We may also test yesterday's lows, although outside days are rare. Then again...

I would be cautious going long today.

If by overnight pullbacks you're implying that every large gap down is a great buy, you're incorrect. It's a rather mixed picture, actually. For example, the 20th last month was similar and did actually offer a good up swing, but most of the money were offered to the shorts AND the day closed...

:D

Today was down -3,13 % with a maximum of -3,35 % down during RTH. This is only marginally rivaled by the 10th of October (down -3,23 %) as the worst and with the 24th of October being the 3rd biggest down day after this correction started. Incidentally, all three days had a 90 point range on...

That's all you ever say. 50 % of the time you're right. :)

I said that one hour ago. I can pat my own shoulder too. :D

Open gap above at 92,50. Potential target by today's close.

While we still have business to take care of below, today have a strong bias for a close above 2662.

Potential targets above: 2681,50 2692,50 (gap fill) 2673,50 (roughly current high) is 50 % gap fill from last Monday.

Generally, there's a 13 % chance of making new highs at this point. Could be one of those days. A slightly uncommon pattern at this point, as far as I can tell...

Actually, my data still strongly suggest we trade lower today and at least dip below 2657,00 by EOD. There's a very small chance this can become an up day (making new highs from here). But odds favour going down still. Let's see what happens. EDIT: No short signals on the charts at this point...