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don't know whether the pullback was over or not. roller coaster show at 2 pm, don't forget.
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Overnight low was projected to be significant by Morad (FT71) this morning. If it doesn't hold then BullBears down senario is working out. Morad has an initial down target of ES 2816 if the market goes that way.
15 minute bars. Please note that is relative volume comparing over the last 40 days ignoring day of the week. Also jazzed up RSI had both fast and slow trigger lines nose dive.
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Everyone is waiting on the Fed but no one expects anything, at least that is the standard story. Zerohedge was mocking Goldman this morning calling their call a Schrodinger cat box. It is all about whjen the first rate cut happens as that means recession one quarter later.
The rest of the count. Don't ever forget Coolbiz will walk away from this in a heartbeat. Also, we watched him set a goal of $300,000 for last August and he exceeded it. Finally, he sells nothing no web site no newsletter, just does this (posts his views) for I assume altruistic reasons.
London/Frankfurt going home. You would think some short covering going on. Bulls need to build on that if we are going to move out of this range. Maybe (perish the thought) up and downside targets are waiting for 2:00.