dow upper nip is 11952-962, if cant break we retry the cleavage(11920-11910) and head for the lower nip 11840-11820
es reduced ,the red line is 1277, upper is 1303 lower is 1251, just posting to kill time, thinking out loud
see what happens during speech and fomc wording,still a gap in mp at 1301-1314 ish edit sh 87.5 for 2 pts
nexen- i respect your several hundred points - but where is your top and how much of a pull back will you absorb before you turn the other way - can it be seen that even in a side ways market for the next 2 years say in a 125 point range you could still be long looking for 1443 on the s&p futures but see very little profit year over year while riding the last 150 points both ways from the 1300 pivot zone and if it were not for all us idiots trying to pick the turns you would live in a perfect world and what fun would that be
the messiah is gonna speak. don't discount the effect that good intentions have on near term movements to include USD around the world. Sal, you holding a position in ES going into this?