Kickin' it off. Should be another crazy week. Each week seems crazier than the last, and not as crazy as the upcoming week will be...

I think it is possible the ES wants to head down to the 1910-25 area, with a timing factor of end of the month. But, it has a lot here to contend with, and it may also be satisfied to simply sweep out all those lows, which would be accomplished around 60. Fun stuff.

I seems like the ES and the Euro want to bounce. I'm not sure if they can to be honest, but they give the look like they want to do a maniacal ramp.

I'm set up for a new one, and I can't pass it up. If you've seen the movie 'Quigley Down Under' where he lined up the two guys for one shot, you'll understand this.

Die, pigs, die!

Originally posted by jimkane

I seems like the ES and the Euro want to bounce. I'm not sure if they can to be honest, but they give the look like they want to do a maniacal ramp.

Yeah, rat, exactly. That lines up with my scenario(s).

Originally posted by rat89

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uso 60 - for those watching the trend line support, broke down yesterday with little fanfare.....has to bounce off 17.75, or it has a multitude of likely targets all the way down to 17.79 - 15.22. I would also keep my eye on 17.15 - 17.40 for a bounce area, but the proving as of now is for the long side

Yeah, those ML's should be significant, rat, unless they want those lower parallels as crude heads to the low 30's...

Euro-trash at 1.0512 at the LOD today. Gotta love it.

Dollar index ready to take out 100! I'm hoping for 160, but I'll be happy for a start at 140.

Nice work, rat. I think it's headed to that upper parallel area as the Euro winds down and ceases to exist, but likely not without some dips.

Originally posted by rat89

uup bigger picture - swing from 21.77 - 27.01 targeted 21.10 - 20.36 .... price went to 20.84, then bounced, taking three years to come back to key area where 21.77 - 27.01 = 1.128 a 21.10, and 20.84 - 23.14 = .886 at 21.10. Now you price is heading to the median line, where 27.01 - 20.84 = .886 at 26.31. Keep in mind this set is drawn in a way I would not on an index, crossing through the lower low in early 2011. Also keep in mind that the median line is the first target. Price could turn back, coil there, or slice through, and there are targets at 27.80, 28.68, 29.85, 30.82, and 33.18. The main takeaway is that this helps illustrate that none of these moves we see that seem so surprising really are.....they all make sense within the parameters of the bigger context

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