They have some good articles but you would be dead in the water trying to short. Its possible to see 1220 again es but so far its risk on. Almost everyone is looking at 1340 at this point. The million dollar question is what "news shock" will awake the volatility monster?
Look at that Natty Gas. After that big squeeze she is almost back at the lows. Down another 5% today. She got up to 2.84 and now back to 2.37.
No trades in ES for me today. Been busy with CL. Some traders look into correlation to get an edge , clues etc.. For example CL and SPY etc. One has to know when correlations are broken. 30 days number line gives clues. Here are 30 days number line for CL per MF sheet. Ignore everything except top line which shows dates and bottom 30 days number line for those dates. For example, for 12/16 30 day value was 8 and so on. 12/16 12/19 1/13 1/17 1/18 1/19 1/20 1/23 1/24 1/25 1/26 1/27 1/30 1/31 30 29 Crude Oil 9375 9405 9870 10071 10076 10054 9833 9958 9895 9940 9970 9956 9878 9848 8:30AM - 2:30PM G12 G12 G12 G12 H12 H12 H12 H12 H12 H12 H12 H12 H12 H12 net -32 30 -40 201 -11 -22 -221 125 -63 45 30 -14 -78 -30 BIAS s s S N n n S s s s s s s s DSI 45 47 68 77 78 74 69 73 71 74 77 73 73 69 plus- 0 0 0 0 0 -1 0 0 0 1 0 0 0 -1 -2 0 0 ABCD -3 -2 0 0 -2 -2 -2 3 0 2 -3 0 0 -3 -18 12 day Cum +/- -1 -1 -1 -1 -1 -2 -2 -2 -2 -1 -1 -1 -1 -1 12 day Cum ABCD -5 -7 -11 -9 -11 -13 -17 -16 -13 -9 -10 -8 -8 -7 30 day Cum +/- 1 1 -2 -2 -2 -3 -3 -3 -2 -1 -1 -1 -1 -2 14 30 day Cum ABCD 8 6 -13 -13 -15 -15 -19 -16 -14 -14 -17 -19 -17 -18 So number line has been giving clues to sell any rallies. Sell high and buy low. When number lines are healthy and positive, then I do not mind buy HIGH and SELL HIGHER. For comparison, following are S&P 30 days values starting 12/16 which are HEALTHY. -8 -14 -2 -4 0 2 2 0 4 4 4 6 10 10 So traders used to trading correlation between S&P and CL by being BULLISH on CL because of SPY are getting SURPRISED.