How come there's no capitulation?

[TGregg]

Quote from Apex Capital:

Not at all TGregg.
Check out my post earlier today on the "Market is Making a Short Term Low" thread looking to play a bottom in the SPX.

The ES just traded the R1 at 1191.90

Yeah, we might be wrapping up the upside. 19.25 point range on the ES is kinda high. We could do a few more points, but something like 22 is really high.

 

[Apex Capital]

Apex Capital

Yep.

Market looks to be bottoming here having successfully tested the 1168.20 low of last Thursday earlier this morning in the SPX.

Look for initial resistance at the 1181.85 level. A close today above 1183.95 will signal a rally toward the 1202 level with a high probability for the market to rally toward the 1207/1211 levels over the next 3 to 5 sessions.

Posted earlier today on the other thread.

 

[Apex Capital]

Quote from TGregg:

Yeah, we might be wrapping up the upside. 19.25 point range on the ES is kinda high. We could do a few more points, but something like 22 is really high.

Yesterday's high at 1196.75 is just a chipshot away my friend.
The pivots are once again working awesome today!
(1176.00 = S1)

 

[Choad]

Quote from Choad:

Buy the dips, baby!

*do I sound like Eqt now?*

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

[TGregg]

Quote from Apex Capital:

Yesterday's high at 1196.75 is just a chipshot away my friend.

Hmmm that looks tough to me. 22.75 DR? Tough, but possible. Close near HOD looks likely tho, IMO.

 

[Apex Capital]

Quote from TGregg:

Hmmm that looks tough to me. 22.75 DR? Tough, but possible. Close near HOD looks likely tho, IMO.

Just pulled back from the 1194.00 high.
Trend day my friend, TREND day.
Defense sector STRONG!!!
BA, GD, LLL, LMT, NOC.

 

[Bowgett]

Quote from Choad:

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

adding more $'s

 

[Bowgett]

Looks like shorts are capitulating

 

[TGregg]

Quote from Apex Capital:

Yesterday's high at 1196.75 is just a chipshot away my friend.
The pivots are once again working awesome today!
(1176.00 = S1)

Heck of a daily range, 26 points on ES thru 4:00! Can you tell Summer is over, LOL?

Nice call. At least I'm 1 for 2, closing near the HOD

 

[jallen]

I do my best to interpret everones numbers, but can someone spell it out for me. Obviously todays finish was strong, which is good for those going long, but where do you all see the market going from here?

Also, what do you all see gold doing between now and say December 15th?