I'll start the week with this:

There it is, finally, after all that waiting! What a nice pop down as they triggered the stops. Now we see if that's it, or it starts something. Like I say, tiger by the tail...

It can't get off the floor. I love it.

Here's my viewpoint. We may have started something bigger to the downside. I posted my next two key levels. It could, theoretically, just go straight there. But right in here is a minor level, that 18 (plus or minus, of course, and being a higher timeframe level, I don't mean plus or minus a few ticks), and that may bounce it. It would be better for the longer-term potential downtrend if it did. I'd like it to. But, it may not. I'm fine with that, but it may imply a flush and then done. I want a long (looooooooooooong), sustained downtrend to start. But, we can't always get what we want....

Everyone notice the clear five waves down, too, right?

But believe you me, 1402.50-1407.25 (possibly down to even 97) beckons to this like a siren on the rocks calls to ships. Go to there, bounce back up to maybe the mid-20's, and then get hammered. Now, that's a dream I don't want to wake from and see the market ramping strongly on some idiotic pre-election Fed or Euroscum jawboning.

It so needs to bounce, and it wants to bounce from here. I just don't know if it can do it.

"I've fallen, and I can't get up!"

I think the odds are greatly increasing that this is attempting to bounce now.

In like seven minutes some 'big' Aussie econ reports are coming out. Let's see if that does anything.

you can see it turning.....

I have a lot to say about this thread but unfortunately no time... Awesome material here from roofer. It make sense that a traders style and psyche have to fit the trading approach since we all see things differently. That wouldn't negate the concept that there is in fact an absolute best use of the tools....but can we all see it in real time....that in itself is an art