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

Gold 1760 (rounded). That's up about a hundred from what I could have bought gold for yesterday afternoon...

And the ES did form that ABCD, as I mentioned, and it sure 'sees' it.

And there's a move well above 1770 in gold. 1771. 1772. 1773. Unreal. Just unreal.

Boy, oh boy, oh boy, does that 1775 (rounded) in gold look like a blow off top if I ever saw one. I doubt it is a long-term top of any kind, but it sure looks like an intermediate top that could last months. I don't see how that could be, I'm just saying it sure looks like it. That would imply big upside in the stock market? But if they announce QE3 tomorrow, gold should soar... I can't quite reconcile it.

BTW, look at the ES soar! Up 34 points off the low!

I have a feeling the Dow is going to be up 600-1,000 tomorrow from this low...

That would have the ES up to 1140 to 1180. I could see that. 1140 is a mere 25 points away now. It can do that before I get up for my first bathroom break. If I even go to bed at all tonight...

ES now 40 off the low... Wow.

19.75-21.25 should be a monster area for this. If it can rise this much this fast and get through that without a checkback, then watch out, some serious buying is going on.

Area hit already, on a strong rise breaking to the upside. Serious, this is a monster area here. Normally I'd be 'all in' trading against this. Normally.

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