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Compound IHS is supposed to be a higher percentage pattern but I’ve never backtested this to confirm

Compound is when the head forms a double bottom instead of a thrust down and back up.

nl ?? Don’t understand the abbreviation

Might have already been said, but Compound IHS building in 5 min

Man, when these markets get bullish, trading gets so damn easy. Wait for a pullback, place large stop, let it bounce around until it hits target, rinse repeat.

Just ES being ES after hours. Typical one directional movement. Looks like VZ might be right after all.

Hey now, you're forgetting the South Florida train wreck. We are getting in worse and worse shape each day. But, these COVID case increases haven't stopped the market before. Why should it now ?

60, 120, and daily all look like we could see some considerable strength tonight into Monday.

speedo, I took the same trade but in NQ and based on volume activity on the 1 min. You trade off 5 min ? What was your basis for this long ?

Not sure there’s anymore gas left for this to push up

15 min chart looks like the dominant TF today. I don't see much except for consolidation this AM

snooze fest at the open here.

3215 today ? Higher timeframes not really syncing up for a move up but I guess anything can happen

http://thepatternsite.com/diamondt.html

If you keep wishing for these barns to burn, there's not going to be any barns left !!

Well gentlemen, gl to everyone this morning. I'm expecting some bullishness off the gate here. Any movement under the globex lows will make me change my tune.

You will likely be correct in this prediction. The new question is: once covid runs its course in the states, how will consumer preferences change our economy. Will it cause permanent contraction in certain sectors ? Will it be business as usual ? we all know big tech / big caps will likely...

ES is a like a bipolar teenager lately. My call was pretty much based on the pattern that setup on the 60 min.

well, one of us is going to be right lol

Just hit my goal for the day and I'm likely done as well. If 3145 doesn't break, I'm expecting a move back to 3185 FWIW.