I'll start with the Euro again.
1.2385 is my next strong area, assuming continuation of a downtrend.

Given how the action for the last few weeks has been insanely choppy, to say the least, in my opinion, I've been 'all over it', as far as reads. Not 100% (who ever is?), but as good as I could expect given the level of grind and chop.

Those trader(s) I mentioned who thought that was a highly skilled short, well, I can see them smiling right now.

The ES now sits on the 1-min TL.

Okay, anyone want to see how truly F'ed up this market is? Look at GDX on a 1-min chart, without all-sessions. Add volume. Look at that last bar. From what I can gather, no, that's not a bad tick. But, and now we see the madness, check all-sessions (this is on QCharts, for non-students who use other platforms, do this however your software requires). What do you think of those bananas? It also seems DUST may have had something to do with this. Look at a 1-min all-sessions on that one. Although those moves aren't so extreme, that is pretty messed up.

What people don't 'get', what they don't understand, is what is going to happen when any kind of shock event or real selling hits. I think all bids will drop, like the flash crash, and many stocks may instantly go to a fraction of a penny. It's going to be odd to see say AAPL trading at .01 cents, the Dow at say 10, GOOGL at .03 cents (not 3 cents, three hundredths of a cent), and perhaps a few seconds later right back to where they were. And of course, other than the slew of people who were beyond completely bankrupted by this, it will be as though nothing even happened, just like the flash crash. Until the time when the selling keeps going and it doesn't snap back. But, alas, just like with tulipmania, the south seas bubble, and so on, no one will give what I say a second thought, it's business as usual. But mark my words...

Here's a little more on that. Just like AAPL, that low was the circuit breaker level, dead on. They crush it to that level, and then it gets bought like crazy, right back up. WTF is going on? And the regulators, well... crickets chirping, that's it...

http://www.zerohedge.com/news/2014-12-03/another-day-another-epic-goldminer-slamdown

Cool. Just skim this one to get the gist of it.

http://www.zerohedge.com/news/2014-12-03/central-bank-buying-sp-500-futures-extended-until-end-2015

Funny, the things people will listen to and swallow. I'd say AmeriKans are the most gullible people on the planet, but I doubt it's really any better anywhere else. People are people, and they will do anything to avoid thinking for themselves, or more specifically, thinking critically. Oh, well..





Source: http://www.bmgbullion.com/ via http://www.theburningplatform.com/2014/12/03/citibank-claims-gold-is-a-bubble/

76 mentioned by Jim is in a perfect spot for DT correction or slightly larger reversal.
But no signs of respect for this area so far.

ES has a timing factor to come out of this pathetic little range any time now.

Nice level for the Euro to stop and reverse.

you have a key line pie?

Originally posted by jimkane

Yes, but add in a key line that this was the third time it used, and you really have something.