I will start this week with the Euro potential ABCD.
It may be premature at the moment as we are at potenial C point, but if this one plays out I will be looking at 1.3770 as a 'target' area.

Stops swept. Now we see. Most likely scenario is bouncing or churning/chopping, but who knows, maybe some more downside right now. I think that's the lower probability scenario. If they do much more, it could cause a serious flush. You know 'they' know that, too, so if it goes, this is 'engineered', in my opinion.

Rise or chop time now.

Yes, this is a scalp bounce play here, again, in my opinion.

But, with the odds fairly split between chop and bounce, it's a tough way to trade. The only reason I'd really look at something like this is because sometimes these news driven sells can reverse hard right back to where they started in short order.

One thing to watch for when looking at that type of play is any loss of momentum, of the 'frenzy' feel to it.

How's that long looking now? Time to make it all back.

As an aside, this is a super-key area here, so if they aren't going to try to make it all back today, this spot could be really tough for it.

I just realized, it's just me, rat, and the guy who follows along today, that's all. Wow, all that blow by blow commentary, hitting some things dead on (in my opinion) and there is no one here for the most part. Wow, do I feel silly. Super-big bull market, one of the biggest in history, there should be like two-thousand people in here, and instead there is two. Wow...

Up 17.25 points off the low. As I said, this is why I think it is worth taking shots at things like this. Pretty much made up the entire drop. What a day!!!

The DX index sure looks ready to break below that long range it's been in. Get ready for the prices of everything to shoot up even more...