Flat open within Friday's range, so any gap will be filled. Right now, hard to call Global ES, may look like an Ascending Triangle therefore if breakout again, another strong push up day which sounds very unbelievable. On the other hand, you can read it as tried 3 times on the upside but all failed, therefore chances of breaking down are higher. Either way, the only thing we can do now is to wait.
Institutional actions from stocktiming.
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this should be a 2 legged pullback on 5 min chart. green line is the Rising Wedge text book target. I don't believe the target yet as it looks like a bear's dream but let's wait and see.
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99 - missed you and your charts Thurs and Friday; I was on the road, unfortunately. (Got stopped out on all my shorts on Thursday too, dang it.) I looked at money flow over the weekend and it continues to defy all logic that our markets are going up, as the money flow declines. Volume is still anemic. Read an interesting article on corporate stock buy-backs vs. insider selling. Appears that execs are selling their socks off, as the companies they manage are buying back their own stock. C'est la vie...