The Euro made it to a serious support area. The heart of it is around 1.2250 so a deeper move into it might still be in play.



The curious thing about this layout is that it doesn't really matter if we get one, ore more, push to the downside, geometry indicates 1.2330 region as a serious correction level. What's even more interesting, if someone wants to play aorund with Fibs and MLs and adjust it now at 1.2250 (although it has not been hit yet), they will give additional confirmation of the 30s importance.

My preference, of course, is that they take it to the ABCD area in a flush.

But I think the odds are over 90% that a bounce in here will happen.

Even if it's an anemic bounce.

The ES really needs to pop here.

What I would really like next is the 'W3' area around 1980 (center of area, and since it's higher timeframe, it's a bit wider). To do this it would really need some corrections, like what is about to unfold, I suspect.

Okay, ES starting to bounce. Let's blast it up to 34-half first, and see what it thinks of that.

If all it can do is that little bearish ABCD, it's in trouble. On the other hand, it sure ain't sellin'.

Let's see if that additional 'test' was it. I don't like to 'fight' big moves, so I'm just pointing this out because I expect it could happen, with no notice, any time now.

Like I said, I'd prefer for it to get smoked.

Give it to me, baby.

Crude has a super-key TL around 47, and I'd think they'd want to screw with that. Then the key area is around the previous low, 33-36 and change. If crude gets into the 30's I plan to 'go all in' in every way, shape, and form I can on crude. Whether I will have the nerve when the time comes to break the rules and put a goodly portion of my eggs in one basket will remain to be seen. Many will be looking for a repeat of the last time it hit that level, and that worries me tremendously. But, crude staying in the 30's for any period of time? That could only happen if we are in complete collapse mode, and that would have to include China, who would be willing to buy the entire world's supply almost indefinitely at that price. it's all very 'odd'.

Bottom line, crude is at a monster area right now. The 47 TL area is obvious. And the 33-36+ area is known to every person on earth, even the handful of people in indigenous tribes who have never had outside contact. Even they are talking about that level. So, all I can say is, this is ripe for insane levels of games. It's going to be a lot of fun, let me tell you that!