Starting it off.

Or if this is a dip to add to. Myself, this is not high probability trading in here at this time of day when things like 'short-covering' are, apparently, no longer necessary.

Buyable dip. 'The small long' is still alive.

But it has no legs at all as the RTH close approaches.

Anyway, what a fun day. If only we could have action like this every day. Wow, would that be nirvana.

And it rapidly weakens. So, the highest odds scenario played out, chop on the area. This is why I generally just don't get involved with layouts like this.

Now the really fun part is to see if it rises in the overnight, too see how much 'The little long who could' can make, and what happens at tomorrow's open (not to mention the European open). So much fun to be had. Anyway, this is quite the DT ABCD in here, isn't it?

I'd really love a bounce to price flow, then a further sell to the mid to upper-20's area (for a start). Probably won't happen, but I'd love it.

As always with an AE article, you can read his intro and call it quits, or read/skim the articles he posts below, too. As I've been saying for years, as we wait for something to happen, 'Ruh-Roh, Raggy'. For my overseas visitors you can Google that expression to know where it comes from. I'd hate to think a single AmeriKan exists that doesn't know the reference, but maybe there are one or two...

http://www.theautomaticearth.com/debt-rattle-jun-24-2014-qe-and-cds-are-weapons-of-mass-deception/

The area mentioned by Jim yesterday.

Did you all notice how the afternoon setup was right off the obvious TL, with a retest on that TL again? In order for TL to keep sucking suckers into the games they play as they game them, they have to work sometimes, or even suckers wouldn't get sucked in.