So here comes another up Sunday night GLOBEX/Monday - what a surprise!

jarek- i am just trading the tools.. great tools!

i had a few hours... so what else... i scanned for the .886 on gap ... found 3 trades..... this is the tenth day in row that the computers have scanned and found...

Here is the update of my yesterday's chart. Using exactly the same set we can now label EXP instead of TD ABCD. Point D fell slightly short of 1.128-1.272 area, but right on the line, which was later tested by possible W2:

Originally posted by jarek

... which was later tested by possible W2:

... at .886 of course :-)

Nice price action and Kane-type structures around trendline.

Al Kamego

Opening Gap & 0.886 Fibo Retrace.

Al Kamego

Fed announcement coming up at 2:15 Eastern...

So, how many trading days until it's back at new highs? One more? Two? As long as three?

And yes, although I think anything is possible in this drunken, Fed-induced trading frenzy (not the reaction to the announcement, the entire Fed rally since the big low), I was being sarcastic with that remark.

Great charts, roofer. My area from yesterday did hold, and it did put in the lower high, for now. Very impressive. I guess the 'news' was a criminal probe into GS. Slowly they seem to be losing the ability to ramp this on bad news. It's probably just a temporary lull, but at some point this house of cards is going to implode, as they always do.

My students should be able to see what this gave me into the big area from yesterday, to get me ready for the short side off the GLOBEX high.

BTW, AAPL rolled within 6 cents of the .886 off the high, by my chart. 6 cents! Incredible.