This broader channel we’ve been trading inside of has become even broader. A expanding volatility wedge met with 2 large(r) green candles. You can see that break out right? I’d say we’re still expanding in volatility. This market is fueled by cocaine of the most uncut variety. That doesn’t mean it wont dip to the bottom of the channel, after making a new high. It’s only done it over and over and over again. Not my job to judge, just my job to swing and catch.

I would love to buy another higher low.

Now on the short side, this is how it’s going to go: only short the terribly over bought. Unless: A legitimate head and shoulders pattern occurs on the weekly pivot point ES 1598, and indicates it’s real (moves fast on the right shoulder, followed by volume, price appears to just be bleeding, and more), then it could be good for 15, 20, or more ES points. I say this, because I’ve witnessed it, and do think it could repeat. Saying this this week, because the Weekly Pivot is higher than normal, relatively speaking.

I’ll get flat at Weekly S1 though. If I were to short, and not turn bullish in time, I may be forced to commit Seppuku out of dishonor. I would let it go, if it were to go further. In fact – I WOULD EXPECT IT. But I gotta catch the dip. As stated, my life depends on it. lol.

Bears are a endangered species, obviously. I have no malice towards them whatsoever. I am a bull right now, and it is always in my nature to be aggressive – all up in your face and shit. But I respect the bears. The real bears, who sit in their bear dens planning devious plots, and making them work. Not the shit talkers though. They can fuck themselves down the street into the nearest recycling bin for all I care.

It’s not up to the participants to make the market go down. Something has to change. It has to be of the real variety, this change I speak of. Otherwise we’ll just keep dipping into robotic pools of buy orders. I don’t really know what it would be, to be honest. Well, I have ideas, but my mood is too cheery for that shit right now.

A dip to Weekly S1 should be bought. Weekly S2 should be bought, with the coolness and conviction of The Fonz when he’s jumping sharks. The market doesn’t work how the plebs think it does. If it goes down that means it will go up (time frames varying here). That is why the saying Buy the Dips, Sell the Rips is actually wiser than it sounds.

Still just looking at ES. Now compare the Weekly numbers (top), to the Monthly numbers (below), and see if you can visualize the intermingling of price with these lines.

R4 1,720.25 1,705.00 1,630.75
R3 1,679.75 1,664.50 1,619.75
R2 1,639.25 1,639.25 1,616.00
R1 1,624.00 1,624.00 1,612.25 1,631.50
PP 1,598.75 1,598.75 1,598.75 1,602.75
S1 1,583.50 1,583.50 1,604.75 1,591.00
S2 1,558.25 1,558.25 1,601.00
S3 1,517.75 1,543.00 1,597.25
S4 1,477.25 1,502.50 1,586.25

R4 1,760.00
midpoint 1,728.75
R3 1,697.50
midpoint 1,666.25
R2 1,635.00
midpoint 1,624.75
R1 1,614.50
midpoint 1,593.50
PP 1,572.50
midpoint 1,562.25
S1 1,552.00
midpoint 1,531.00
S2 1,510.00
midpoint 1,478.75
S3 1,447.50
midpoint 1,416.25
S4 1,385.00

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