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

Kane DB ABCD completing at 0.300 fibo from the 1212.50 peak. You probably caught that before I did.

Al Kamego

Oops. I was probably incorrectly selecting those ABCD points on the last "Kane DB completing at 0.300 fibo.". Like Point 1 of the ML set was actually LOWER than Points A and C, and the Price Upper ML // touch was actually higher than the Point D. I do not know if that is allowed. Kane DB completing at 0.618 fibo looks OK, but the Kane DB completing at 0.300 fibo probably not allowed.

Here is another Kane DB Kane ABCD on the RTH.

Al Kamego

I'm now long-side bias very short-term, intraday. Short-term levels are the ABCD here, 54.00-0.25, and 56.75-57.00. This is still in a downtrend, though, so I am ready to get off the long-side bias immediately if this starts to roll again.

That was fast. Rolling right off that ABCD, .300, and multiple line area. Watching the 'W2' area. Recall last night.

BAC hits 6.72 today. I think that read of mine and my magnet area was one of my best reads ever.

Sellers not done. I don't like to post things 'after-the-fact', but since I do it so little, I'll do it now. I 'flipped' back to short-side bias when I saw this starting to roll hard. It was a scalp approach, with the set line, SL, and 1.272 ext ret as the most likely area for it to head to, which is exactly what it did, provoking the big snap up. I think it is worth riding the snap up on some 'in case'.

Yep, the snap up did turn out to be temporary. Being cautious in here, as it is a great spot for it to bounce. If it doesn't, watch out below.

After the close I will do a comment on an observation I have made about my levels that should be very useful.

We may see why I like to hold some, and what 'in case' looks like. Watch out below.

This may be done in here, as many of roofer's charts are indicating. Keep in mind, too, my next level on the higher timeframe, posted awhile ago, is 1120-30...

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