Everyone ready for another exciting week?

Ready.
Euro opened up but stopped dead in the first fibo grouping around 1.2256-61.

Yes, so the FX is only slightly up, and that indicates a slight up for the ES. We just got the ES indication a little while ago, and that, interestingly, indicates an open at 50.50, down 1.50 points. It's not an exact science, just an approximate indication. So, now it's all about what they do with it once it opens. I hope it's not a snorefest like last week.

Recall I have a super-key area around 60. I'd be happy, though, if it just dumped right from here.

Some lines for euro.

Kane TD ABCD sell. Price dropped thru potential 1.128/1.272 DBS, only bounced back to 21 sma before continuing down.

Al Kamego

Kane EXP ABCD completing at 0.300 fibo.

Al Kamego

SPY 1 minute. Five Point pattern.

Al Kamego

ES making its move on a new high?

That's what I wonder, too, rat. But beyond the lunacy of all that, my biggest concern is all the people who have just some small amount of savings, fighting the dropping standard of living since around 1972 in real terms, and they are being forced by the Fed to seek yield in much riskier investments. Say they are retired or near retired. Imagine being 70 and having to put all your money in the stock market because real yields are now negative. The Fed is doing that on purpose, and admits such. Force people into the market when that is not an appropriate investment for them. This is sick and twisted.

And then along come the propaganda cheerleaders, from all the TV financial shows, to the endless analysts, to guys like Carl. If you are not part of the solution, you are part of the problem. His endless bullish drivel motivates a certain number of people to get long the market from an investment standpoint. He spews propaganda for the evildoers. And that is what I take issue with. Him and all the rest.