Kicking it off. I'm expecting another insane week, and many more to come, as this thing starts to unravel.

Holy-frickin'-cow, did I get a read on that. I wonder what the 'news' is this time.

Yes, rat, exactly.

Originally posted by rat89

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And the 'news' is the ECB blocks funding to Greece.

Let me rephrase that: 'The ECB blocks funding to Greece right at a key technical area'.

I wonder if they'll get the stops on the downside of the range now?

Barely got it typed and they got 'em.

Now it ends, or they swoooooooooooooooooooooooooooosh it, in my opinion.

all I know is I saw price at x marks the spot and took spxu at 37.56 with an 8¢ stop and got 80¢ out of it ;)

Originally posted by jimkane

Let me rephrase that: 'The ECB blocks funding to Greece right at a key technical area'.

Notice how price pushed into where
2093.55 – 1980.90 = .685 at 2058.07 and
2064.62 – 1980.90 = .886 at 2055.08
They will blame the turn on the ecb, but the news as always follows the geometry and acts as a cover so nobody has a reason to try to figure out what drives price.

Let the swooooooshing begin.

That was a nice reaction off the 15-min ABCD into the close. Another nice day for trading, in my opinion.