5 min

As you can see the market has not a clue.. we have the parent company to American Airlines filing for bankruptcy and then we get the largest blow out of consumer confidence in nearly almost a decade? Hmm something smells weird.

The high is 1206 and the low 1190.25 of cash session.. again as i mentioned earlier the 1190 - 1200 range will be the range until the ball misses the paddle on either side...

notice the amplifying pattern in the chart above.. if it continues we could see a reaction up into 1208 which is the upper resistance to the megaphone pattern.. Which when this particular pattern terminates.. it usually i bearish.. because of indecision .. .

1 min ES