So far the rest of the world is moving higher. Japan shrugs off bad confidence data to move higher on GM bailout news. Commodities continue to move higher on the NYMEX. So far it looks as it is going to be a bullish day.
We will have a good amount of bullish days through the remainder of this year. Next year is a whole different story. Don't get caught long!
My charts tell me good odds of down day - highs made in the first hour - and ES 850-860 is the first level to play for. Lets see how this pans out, will take it as it goes
We've been trading flat for a month. I see no good news coming but there could always be bad news coming. The markets may not care anymore though so we shall see. I am throwing a dart and shorting that stock and paying the margin interest