Down And Under?

10:48am EDT: I find it interesting that we stopped right here at that triangle resistance line:

I actually was trying my luck with shorting ES at 944 but lost my nerve because I had to restart TOS five times in order to get Prophet charts working again. Still – 945 looks like a nice swing trade to me as I have a feeling those MMs are going to tease this one out just a bit longer. After all, if everyone anticipates that we push higher right now they don’t make money. There are also a few divergences I’m looking at that indicate we might whipsaw around for a bit here.

11:19am EDT: I just looked at the P/C ratio on SPY and it’s 1.7! I see a ton of activity in the put colum – far outweighing the o.i. on the call side. However, if you look at the ISEE the picture is a bit more bullish:

Alright, we’re not at 275 like last month but this is still comfortably bullish. Could it be that – when this fucker finally drops –  it will be the small specs left to hold the candle? Just a thought 😉

11:51am EDT: Alright, seems you rats have all capitulated. Just sent out several hundred emails to my subs and got one single response back. I’ve had it – going to grab a looooong & extended breakfast. Seems like I’m talking to a wall here.