BengalTigger

ES. Money!Money!Money! Update

Long
CME_MINI:ES1!   S&P 500 E-mini Futures
Well, we hit a brick wall at 37. It seems the rounded top played out (better than I anticipated)in the speed at which it came down. Had a feeling yday when this was messing around the nose (POC) as I call it. Yes, as bad as the day was, it does not really change the big picture as of yet. I anticipate that they run this up to the 17-22 area O/N and then another push down to the 75-77 or 66 area. After that, we will have to evaluate, if this is headed to close the gap at the 39 -40 area. At a very basic level, if you incorporate VP then you would have seen this coming on a break of the 2720 area. All we did yday was to begin the process of filling out the profile in the 20 -27 range. Gl for tomorrow.

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