Here is my chart of the weekend:

I'm feeling extreme short-term caution here off this 46.50 high...

I always try to let things breathe when I have a tiger by the tail, but this move is extreme. Sometimes, though, extreme can get really, really extreme. And this looks ready for another leg. Maybe we see one of the upper areas. 50 plus or minus is a minor area.

1-min 3D coming into an area?

Extreme caution has now become paranoid caution...

Each drive on lower volume. Get ready...

That was an understatement.

Originally posted by jimkane

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

They are going nuts on gold and silver, and pushing crude up, too.

I wonder if anyone had the stones to short this? Well, except roofer, we know he would...

I'm the scaredest short-side bias intraday maybe I've ever been... I'll likely be off that before I get this posted. And it's very short-term...

Do they really want that 55 area today??? I'm thinking so.

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