Back to the Low Range

The /ES could not hold on to its gains from Tuesday/Wednesday:

My advise, don't ever put your hand on the nose of a bear.  Yikes!

Back to the Upper Range on the /ES

Time for the Bears to be quiet for a little while:

How long will we stay in this range on the /ES?  I have no idea.

Turn Around Tuesday

I expect to see more wild action in the /ES today.

Action in the /ES

Pre-market, I see the /ES trying to find its footing.

We might be able to hold here and go higher.  After the feast for the bears last week, probably not.

Recover

After some bearish action in the /ES the past couple of days,

the /ES could take advantage of lighter Friday trading and push upward.  It also may not have enough energy to maintain it.  As per usual, I cannot predict the future.  We will see what happens.  I wish I could place the tape wherever I wanted as I do above, but that ain't happenin'.

Not Done Roaring

Though the bears are not done roaring,

I am thinking the /ES will hold the 2780-2720 area for the next two weeks.  Take your own trades.  This is just my speculation and not meant to be advice.

A Roar of a Tuesday

I said on Monday that I expected the Bears to show up on Tuesday, and they did in the /ES.

I would say we continue to crawl out of the bear attack, but looking at the gold chart, I don't know.

Crawl It Is.

There were some "double top" fears in the /ES this morning.

The fears remain, but I expect to stay near the highs (you know, probably).  I am expecting the bears to show up for "turn around Tuesday."

About Here

There is plenty excitement in the markets.

My thoughts are that because it is Friday, the /ES will be pushed around, and maybe it gets pushed above the highs just to keep things interesting, but probably not.

Going Up?

The market appears to have digested the FOMC news.  The question now is, do we rocket past resistance or crawl out?

What is my guess?  I think we crawl an inch then fall, then recover, then crawl an inch up, then fall, etc.

Nervous Kelli at the Highs

So, even with FOMC, we might stay about here:

Gently Put the Pole into the Water

The action in the /ES is looking good for the bulls.

Of course, it is Friday and summer; so the market could be pushed around on light volume.  What I see suggests to me that energy is being spent to create a base at the /ESM6 2740-2770 area in order to work higher in the coming weeks.  The truth is, mine is just an opinion and the market could spend all day going lower or all summer.  You don't know for sure either.  I am not day trading today.  I am going to analyze some stocks and then go out into the sun!  Happy Summer!

Jail Break into the Thin Air

Now that the /ES has broken free for the 2720's, we are approaching the nerve wrecking recent top.

I see a struggle coming.

Jobs Report, Surprise?

I slept in this morning and woke up to this on the minute chart /ES:

Will it keep going up?  Not forever.