> Dangerous to jump in bullish right now with so much momentum to the
> upside having been lost, and dangerous for the bear side, now that
> we've closed over the 61.8.  Swing wise, I'm sitting on my hands, but
> I am day trading, and looking for a few super areas to enter and hold
> for an extended runner.

> One area is 847-848 area on the ES.  That's the top trendline of a
> possible rising wedge formation.  If market internals are neutral to
> bearish while price is in that area and we get a tick over bought,
> I'll be looking to sell and hold for a runner.

> Conversly, 836 - 834 on the ES, I'll be looking for the oppisite to
> buy.  There are other setups, but those are the two plays of the day
> for me.

> I post charts and videos here:  http://www.sandp500analyst.com