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I have seen this before. Everyone is afraid to jump in. Wait for a pull back, as the market squirts higher without you.

A break of 1480 would raise some concern.

Buys in place for any dip.

This market just keeps rising, might as well join the party.

Same as it ever was.

Yes as usual it will drift higher overnight. By the time the east coast wakes all the news outlets will say " look like a higher open for wall street"

There you have it overnight rally

Also the VIX gaps UP on Mondays open.

Well here we go ES up 1.00 and rising. As usual it will float higher as US sleeps.

Nice formation

As usual the US session will flat line.

ES ATR for Jan 2012

Here is the Average True Range for ES. The hours are set for US cash markets, no overnight sessions. As you can see the it's pretty tight range for all of January 2013.

Here we are again. Like I have seen this before. Overnight ramps right on que.

Now find out what took it out, any 100 lots trades, 500, or a bunch of 1-2 lots. Im going to look.

Sorry that was August we flash crashed, and it was 260 points.

Because along the way we had massive drops...FLASH CRASHES. that kept people away. Remember July 2011 we had a 300 point drop in SP in two weeks. Always remember markets fall twice as fast as they rise. Fear always overrides greed. Tomorrow we may wake up to Israel and Iran at war. Its hard to...

Gee were the earnings that great?

Well as usual once cash closes....plenty of action.