It's a bull market you know..

Euro surging

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if an ABCD reacts at the .618 projection what does it tell us?

no net sellers anywhere

So, make some money with that, then.

well, after I shorted twice with no gain and no pain now long off 4pt...

that's some structure. there are about 13 abcds in between. Now the bearish 4pt??

I think this is likely a continuation pattern that will break to the upside. It may do a stop sweep first, though, or even a double stop sweep, as they really like those. So, although it may do as we theorize, they may make it tough to hang on... I can't imagine this not rocketing up very strongly at some point today. We'll see.

But if it goes right from here, as it looks ready to, I'm ready for it.

BTW, what was you short setup or setups?

SPY, too. Well, I admitted that although I follow both of those on the higher timeframe very closely, today I just didn't check them, and rollover is the most important time to check them. So, don't feel too bad, I did it too, and had to try to catch the move on the W2 because I didn't see it. I was waiting for a little higher. That's trading, you miss things sometimes. Live and learn. No big deal.