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Good morning, everyone. I’m absolutely delighted at the formation I’m seeing on the ES. We are teetering on the precipice. As I’m typing this, what needs to happen is for support to give way.

If we can manage to do so, the opportunity becomes much larger, because we have a pattern within a pattern within yet another pattern, all of them bearish. Since I am loaded to the teeth with shorts, this is obviously something I’d like to see transpire.

By the way, I got quite a few compliments on my tastytrade show yesterday (I think my viewers prefer seeing me rant), so if you want to check out what the fuss is about, here’s the video.

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