0805 EST I forgot to post the usual "all previously posted caveats apply." And, now at 0805, I see that already I should apologize for not emphasizing that 115 200 would be a good place to go long should we get there again. Nice 4 tick trade. More than enough for me. A little later I would like to post my thoughts on how to make use of key levels of support and resistance that go beyond normal support and resistance. They key is that it doesn't matter whether you go long or short there. You'll see what I mean. The above is regarding some thoughts I've had and has nothing to do with any trade ideas I've given today. Don't misinterpret this paragraph. Don't apply it to today's trading.
0820 EST As the 0830 Friday AM report approaches, I just wanted to mention once again that gut feels, intuition, and JP's pre-market posts mean absolutely nothing when it comes to whatever spike move the market decides to do seconds before and after. I just wanted to get that out there as I am coming across as biased long. A conservative trader is not in any trades at this time. Let's wait for the reaction.
0826 EST There are so many different ways this could play out. As I look at the hourly chart I see trades have been bottled up in a tight two day range of approximately 10 ticks. Yes, we've had runs above and below that, but if you just look at the hourly you'll see what I mean. I think we are do for a move today. Obviously my guess is higher.
Thank God I posted that, even though anyone following this should have enough common sense to know it.
0834 EST Fundamental market structure change, obviously. I need to focus on trading. You know what to do.