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

ES exploding off the GZ there. Impressive.

Bounce off the GZ, then roll, and now down to a new low for the move? Or will the defend the GZ 'retest'?

Wow, I wish I hadn't went to bed... Doing my usual bathroom break check the market, and I find a 25.50 point run straight up, gold hitting 1718 and change, the dollar getting monkey-hammered at the same time the Swissie is getting hammered (very odd). And here they come for the ES again, another new high for the move. Like I said, they want to close that gap and get this thing positive. They aren't far away now... Nothing like that GZ, is there?

Okay, I'm headed back to bed. Here's some levels. There are more levels than I usually post, I think because some things that usually come together aren't, and things are spread out.

Possible DB ABCD here, but that doesn't seem to fit the layout too well, so I'd be expecting a reaction and then reversal, but who knows. From 89.00-92.25.

96.50

1200.75-1202.25

1207.50


Note that as the volatility has risen, and ten point swings are like a few points used to be, the width of the areas will increase.

as of the close friday.....where it had to turn.....reassertion of trend? or bounce to a key level in a continuation of a new trend?

had the first decent sleep since i fell... 759est.... funny.. futures across the board within a few tick of when i went to bed...must have beem quite a nite with all the ups described....

great that you slept well roofer....the most important thing is your health....sorry I'll be gone today....

Trader's Dream at 0.618 fibo of GLOBEX hi-to-lo, and "0.886 and 1.272 fibo, SL confluence." Five Point pattern.

Al Kamego

Al, nice catch.
Your parameters for the BB for the Trader's Dream is cut off a little. Did you use 2 std dev and 21 length?

Originally posted by albert

Trader's Dream at 0.618 fibo of GLOBEX hi-to-lo, and "0.886 and 1.272 fibo, SL confluence." Five Point pattern.

Al Kamego

tx

Yes, 21 SMA and 2 Std Devs.
That Trader's dream is also coincident with Point D of Kane DB ABCD completing at 0.618 fibo.

Al Kamego

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