First off, for those who didn't see it, here's an interesting article by Paul Farrell about a one-hundred year long bear market. The article makes me look positively doe-eyed and Pollyanna-ish.
Second, I noticed something about the ES this morning that I hadn't noticed before…..a repeated pattern recently in which price surge higher, drop briefly, try to surge again (but fail after making a little bit of a higher high) and then fall away hard. This pattern is too short-term to repeat for very long, but it's worth noticing since it seems pretty consistently recently:
