ES1 Update 6/5 S&P 500 E-MINI FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! hungry_hippo LOL whut? I take the week off from trading and the market goes Simple Jack pumptarded. Glad I didn't trade because I probably would have bought some puts yesterday and gotten squeezed dry. Obviously very overbought. Looks to me like we get a V shaped recovery in the market, next orange line is the gap from the original tank. I warned everyone about the ECB and not to short this week.... but I guess I should have bought some MU calls, oh well. As far as chart pattern, it broke upwards out of the wedge , I've mentioned that before (though it's been a while) that wedges can break in the wrong direction. I think I 'll be back next week.... we'll see. Have a nice weekend.