the ES isn't my baby but most indexes look like they are running up to yesterdays highs around the 8:30 announcements then let the selloffs begin. On the ES 929 or 926 ish
Funny I was just thinking about the midnight rally crew. It was a pretty neat effect back in 2005/2006. Maybe look at buy a just out of the money call at 4:10 and selling a future when it hits the strike
After 5 days in a row and another big run this week who knows. At some point we will gap down. Here is what you can do. Look for a close with a bearish candle they will try and void it. That may be your best bet. The banks are going to have to do stock offerings to raise more cash. Everyday we get a bank upgrade. They are milking this for all its worth.
Why don't you or anyone else here that believes in this start a journal and document this. Put your money on the line. Give us your entries and exits. Talking about this is great, and I am not a necessarily a naysayer on this, but let's see some proof.