Trader X

Did you notice the we kept hitting 118900 and it just wouldn't break through? I have noticed that the more a resistance level it hit and the market just stops there the further the market will go when it breaks through... and it will always break through. It finally broke down to 118800. Yesterday was a topping day and this morning it was funny to see the premarket open when the ES spiked just before the open to 119300, a new high over yesterday's 119275. As soon as the market opened the market reversed all the gains and then some... almost as if it was saying "Fools!!!" for the people that were buying this morning. This will be an interesting day.

Trader X