Am I the only one excited? Ready to go? The Greek elections are too close to call, but absolutely nothing indicates in any way any need for 'coordinated action' from central bankers, or any additional money printing. Nothing whatsoever, in my opinion. But, and here's the rub, the insane part: the market is expecting the printing.

Now, if they don't get it, the market would be inclined to go down. This would be 'disorderly', not in that it would be truly chaotic i.e. big selling, just a small decline of say a few points, and anything considered 'disorderly' justifies more money printing. So, I suspect we'll have some printing anyway, now that they announced it 'if necessary', and the market going down if they don't get it would make it 'necessary'. See the insanity of all this?

So, I expect a big pop on that announcement. In reality, this is set up as the mother of all 'sell the news' events, especially after that crazy pop into the close and good-sized additional run up in the SPY after the futures close. We shall see soon enough.

Caution here at this 41.25 low, just in case...

See?

Originally posted by jimkane

Caution here at this 41.25 low, just in case...

Why there? The GZ, among other things.

Originally posted by jimkane

See?

Originally posted by jimkane

Caution here at this 41.25 low, just in case...

The selling in crude is about as relentless as I have seen.

Watch the 36.50 area if it gets there.

They are doing a great job of making it look done at the low end of the GZ here at a key TL. We'll see. It may, indeed, be done, or they may be trying to get people like me off the trade.

Again, see? They haven't been able to sustain up yet, but seeing where they are about to gun it is pretty obvious to me, so far.

Originally posted by jimkane

They are doing a great job of making it look done at the low end of the GZ here at a key TL. We'll see. It may, indeed, be done, or they may be trying to get people like me off the trade.

One of these times, very possibly this one, it is likely to explode up.

Okay, after this nice pop up, the ES is reacting to a little bullish ABCD on the tick chart. Now we see if this is it.

That little ABCD morphed into a slightly bigger ABCD. We should know their intentions very soon. I think they are 'up'.