right shoulder

certainly not a technical response but after watching the market now for 5 years practically every day all day...the short side seems to easy right here.  I get the sense "everybody" knows the short side is the trade.  I there fore have to agree with this vix chart going lower in the short term.  I think the spx shorts get punished hard up to around spx 1120-1140 then the market heads to 900-850 with nobody on board.  That is what makes sense to me. 

that works

would anyone mind posting a link for non member stock charts to Matt's $nymo chart?

....oh man we are so close I think so many non confirms today

I have been following you close, good work.  I think we are in the same trade.  I too am staying; this is not pleasant but the pain will be joy soon.  I see a light and it is sunshine not a train.  Pot odds my man pot odds.  In our favor for sure.  how many more times can you get heads after flipping 20/24 times????

looks like best short in a long time ...

steve are you thinking a nice divergent short?...that is what I am scaling into.

I agree...but how many more times will it "work."  Guess it works till it breaks but seems to me we are getting a bit foamy here and a pull down to a daily TL is more likely than another parabolic Monday.   Consider last two Mondays.  Feb 22nd we came ofter 8 up days and was promptly sold into Tuesday.  March 1st came off a 4 day sideways consolidation and had the fuel off the bull flag.  March 8th I think is going to be more like Feb 22.  Pop higher and run out of buyers fast.  They are spent in my opinion.  Especially RUT and NDX....come on Rut up 6% in one week and up almost 90 points in one month...when the stops run out there is going to be a bag in someones hand.

you dont really think so?

totally different...I have had a lot of success using a system found at www.retracementlevels.com

come on guys...how long have we been doing this? you have to take it when nobody wants it, srs back to 20 soon...you will see...I am buyin here!!

for 3 sessions the /cl oil fut has found support 67.60  this was a tough level to cut through but today it did it and everyone headed for the exit at once.

there is good support here around 65.50 but I believe we will retrace most of the move off of 59.52  to 69.05.....by most I believe 61 area before we begin to churn around again.

However, all of this I believe is tied to the dollar.  As long as the eur/usd closed below 1.41 and continues to move back we should see oil play out towards 60.  For now I am short from the 67.50 break and I plan to add shorts on a potential bounce back up to a fib level....have to see where it bottoms for today then determine the short entry for the overnight session.

Matt have you every tried a mechanical system on the ES?