A range high opening in the SMH gave comfort for taking a gap-close long position at the opening of the day. The swing up into the 1st Hour Transition Time was good for 11 pts in the NQ, 4.5 in the ES and 30 in the mini-Dow. But the exit signal to stop-n-reverse was far clearer than the opening long trade. A topping triangle pattern in the ES was a Sequel to an identical pattern in the NQ from the day before (see post from June 24, below). From there, the trend was down for the rest of day, pausing for a pair of consolidasting channels along the way. The short was good in the ES for 8 pts, and some 60 pts in the mini-Dow. But if you traded the ER2 or the Nasday, and you didn't leave for that Friday pm golf game at the Last Hour Transition Time, your short position didn't pay off at all. A bifurcated market ended the day with a sharp rally in the NQ while the Dow and ES kept selling--not occurence to be witnessed often--suggesting the larger trend rally has not come to an end just yet. (click image to enlarge)