Wish you all nice and successfull trading week.

Here is what I've been looking at the whole day. The .382 area was support overnight and got re-tested at the open. Easy setup and worked pretty good so far.

Notice the .382 off the LOD there, to the tick.

I'm not saying I necessarily think that will push it to a new HOD, just that it sure 'saw' it, and starting it back up.

Which, coincidentally, was at lower // to the tick.

So, you have to figure, no matter what they say (one thing I think they will say is they are extending some of the QE programs), the market wants to explode up. What it does from there, we'll have to see. I still feel the odds favor an intermediate or even long-term top somewhere around here. That .382 time retracement of the entire bear so far, as shown in the last commentary, is this week, too.

This is giving me an 'odd' vibe. Technically it is starting to look like it is going to dump after the announcement. Sentiment/manipulation-wise, I can only see an explosion. Very curious, and odd.

just waiting patiently

Hmmm, flat ABCD right at announcement time...

Right off the flat ABCD...

Opps, here it goes.

Hit the area I mentioned before. Be cautious...

Yes on both, the small 1.272, and yes, the TL creep plays out once again. It's one of the most awesome observations I've ever made.