Here is my chart of the weekend:

There it is! Just as I suspected.

Area hit, too. Now we see. But I think the bigger area we came off is going to push on this hard. We'll see.

Can't help myself...

Tiger by the tail. Letting it breathe. Watching 46 next.

Nah, 45-46, with more emphasis on 45. Careful in here.

Jim read it correctly as usual. What a day! Bull was fighting for life all day long and now bear is at his last line of defence for today:

I think the bear has been skinned for now...

Next leg coming, with no checkback? That would be something to note.

Mid to upper-50's my next major area.

If so, then Roofer's earlier comment about parabolic moves might be applied

And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...

http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident