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

Everyone see the big bullish flat 'W2' ABCD in the ES? 60-min chart.

Big up now, I think. Short-term levels:

34

50

67

Intermediate-term:

1168-75

1212-19

1256-63

These are put together quickly. I will refine later if this does rise.

Watch the TL's here, in case...

5 waves to area, but I don't see it stopping here. I think it would like that 67 before the close. Nonetheless, I'm going to give this area its due respect.

Yep, it bounced. Up about 55 so far. This is just not real.

Originally posted by jimkane

Bounce time.

but this is real....jim asked how i traded ,886 on gap on 5 in higher priced stocks.... i said 10 cents so my order was at 05 instead of 95...

Okay, there's 67, as expected. Up 70 off that bounce spot, in just over an hour. Up over 90 off last night's low. Recall how much I said I thought it would be up today off that. Insane, and it happened...

Originally posted by jimkane

5 waves to area, but I don't see it stopping here. I think it would like that 67 before the close. Nonetheless, I'm going to give this area its due respect.

71.75 by the time I posted that. 'Still riding'...

I know, I've seen this before, in 2008, I've been there, done that. Still, when I trade the afternoon session I'm used to 5 point ranges, and catching 8 points is rare. Mornings, sure, 15 point ranges aren't uncommon. But now, 100 point ranges, six to eight 50-70 point swings in 24 or so hours, come on. Having a tiny 1-min ABCD and then a 30 point push, it's inconceivable. I love it, it's incredible for trading, but it's beyond surreal, even having seen it before.

ES 75.50... A few ticks from up 100 from last night.

i was able to catch only two trades off the low based on trading predefined setups... the AAPL and this.... nice percentage move

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