Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.

Crude is getting close to the lines confluence, but it's still not there:

CL just smokin' to another new high.

x got ambushed at the .447...

meanwhile spy is heading for an interesting spot

And sometimes it looks that way because that's exactly what it is about to do. Right off the area jarek posted, too...

Originally posted by jimkane

ES ready to dump? The ES looks like it would look, pre-Fed BS, when it was going to dump...

That was to be expected after today's lackluster performance - our bullish ABCD is now taken out:



Lower green ML is now the target and there we'll see what next

spy turned a penny above the 1.27
132.66 > 133.99 = 132.30

x turned at the 1.128

kind of late in the day to bring them up.....does it translate into a gap open monday?

SPX looks like a good candidate for a trend day after the gap:



Off the retest? Hmmm....

I know I am probably way off base here, but I'm tossing it out there. I am getting a 'feel' that we could, possibly, be on the verge of a currency collapse. Not the dollar vs. the Euro or vs. whatever (remember, these are relative values with respect to each other), but a fiat paper currency collapse across the board. That is, what any paper currency will buy will drop precipitously. Translated: oil gold, silver, grains, etc. explode up in price, not on 'speculation' but on loss of confidence in paper currencies. I've not had this 'give me the willies' feeling in awhile, and I am getting it right now. I hope it's nothing, but honestly, right now I'm sitting here and I'm a tad past scared, edging towards terrified. Seriously.

BTW, crude in Euros is closer to the all-time high than in dollars...

http://www.zerohedge.com/article/brent-euros-just-all-time-highs-free-liquidity-run-almost-over

Crude another contract high there, again...

fascinating stuff happening here

Thanks - I must have been sleeping indeed