I'll start with Friday's HOD area indicated by Jim.



The first support areas for me are 53.75 and much stronger 49-50.

Wow, is this going to be up another 20+ tomorrow? Up over 60 in three trading days? Seriously?

I hate how it is making me think there is still a chance. It wants me to think I might get my play after all, only to crush and demoralize me. This is why I generally have a very dispassionate attitude towards potential setups, as you all well know. It's rare I see anything that pulls me in so much as this one. I see it, every few months or so, or even less.

Wait, wait...

Okay, now wait... Okay, let's see...

Is that the super-tease to really make me believe I'll get my shot? Or is it starting? Half hour to the open.

There was a trigger there based on the burst pattern (my recent mentor students should recognize this), but I'm too wary right now. That may be it, though, leaving only a chase entry. I need a bounce and roll.

Okay, is this the bounce? Or was that another dip? We should know soon. And the open coming. Wow, is this exciting stuff.

Now we really see. Just look at that layout right now on the 1-min as the European open approaches. That doesn't say this will play out, but it sure says if it does it's giving one everything one could ask for from an entry standpoint. Now it just needs to trigger.

Look at the tick chart (like a 13-tick), did you just see that?

If you're bored this is a good little article. I particularly like #1.

http://slopeofhope.com/2014/10/animal-spirits.html

ha ha ha ha ha! Thanks jim ;)