T minus 5 minutes and counting... But we already have some indications from the spot FX market.

ONE!



ON ANOTHER TOPIC.... I HOPE EVERY TRADER VOTES UP JIM'S POSTS BELOW... I ALREADY HAVE...

I was close!

Originally posted by roofer

ONE!



ON ANOTHER TOPIC.... I HOPE EVERY TRADER VOTES UP JIM'S POSTS BELOW... I ALREADY HAVE...

Click image for original size

So, the ES range from last night to tonight, so far, is 92.25 points. I just can't fathom that.

Gold over 1727...

ES down over 30, I can't believe it. Range since last night, about 110 points. Gold rocketing, 1742.50. Crude 76. I'm blown away. Sure, I was extremely bearish intermediate-term, but I never expected anything like this.

Note the big daily/weekly ABCD in crude in here. Something to keep an eye on. I did some higher timeframe crude work, and found an incredible confluence around 42-44. I laughed it off, saying that if we got deflation big-time it may happen (it hit 33 last time it collapsed after the '08 run up), but otherwise, it was just funny to look at. Now we sit barely 30 away from there. It's totally possible. Probably the ABCD sends it up hard, and the market bounces somewhere in this general area, and that's that. But still, two weeks ago it looked comical, now it looks within shooting distance... What else that seemed impossible now seems reasonable?

I just blinked and the ES jumped up over 10 points. Insane.

Gold 1752. ES another new low and another big, fast jump. Looks like it will be heading up, or at least doing an ABCD now. We'll see. I'm just waiting for the FED move and the 1,000 point up day in the Dow. Maybe at tomorrow's meeting, when they expect the QE3 announcement?

And speaking of the FED making a move:

http://www.zerohedge.com/news/futures-rout-accelerates-emergency-fed-announcement-possible

And then right back down into the close! Too funny.