Indeed - ES 2871 -> 2881 in 10 minutes. Followed by ES 2883 -> 2875 in 10 minutes after RTH. Wow - emotional market for sure.
Would so much easier on the brain if you guys wrote the full price instead of just the last 2 digits. We saw the 3,000, 2900, 2,800 and 2,700 handles, when reading back-post its brain draining to mentally add the front 2 digits. Then there's also the guy that uses , instead of . as a decimal and the guys that mean points rather than price to help the confusion, so, 4 didgit prices please, I've got a simple mind.
The set up has occurred 15 times in 50 years and only once did it not result in a positive one month return. The % from high has not been at all statistically significant with respect to this set up. We will know soon enough and the criteria is simply is the S&P higher than 2844 on 9/5/2019