I will start with the Euro chart and my AOC at 1.11-1.1120.

It touched the LOD and that caused the tick chart snap reversal. Will it sustain?

Pretty straightforward stuff. They make it look weak, touch the LOD, then gun it up. Lots of people are trapped now, and the closing bell is drawing near.

Hopefully they will settle for this little pop, and roll it over once more to take out the LOD. But, honestly, after such a great overnight sell, who cares if they do or don't. I just like to study the games.

Nope, they followed through with the trap. Now all those suckers are totally screwed and scrambling to cover as the final bell approaches. Wow, they got hosed, professionally. At least if you are going to get screwed, it might as well be by the best.

So, this is a major key area, and the price action is such that it implies this may be done for awhile. We might see quite a bounce from here.

Okay, here's a post where I say it might go to here, or maybe here, or it could be here, or if not, then here, and by the time I'm done, I've said nothing useful. This one has me a bit befuddled. The way the layout it, there are not the clear (to me, in my opinion) magnets and areas that will 'draw' it. So, here are the best areas I see now. I will keep looking at this, to see if I can get more clarity. I wonder if the reason it is less clear than I am used to is because they are going to rocket it right back up to the highs?

77.50 has some stuff

82.50-83.25 this is the main, key area, and I'd expect them to try to push the high end of it to game the obvious TL

87.75-90.50 or so

2108

These are all 'center of areas'. We'll see. This kind of frenzy buy (especially in the Euro, in my experience) is commonly the start of a 'stoo-pid a#$' move on the part of the manipulators.

I know it's theoretically 'great' for traders, but I guess I'm tired of a world flush with artificially created liquidity (versus liquidity from excess savings, used for investment), with endless bubbles and the consequences being shifted to the little guy and the taxpayer very single time. It's not like the South Seas bubble or tulip mania, and then it's gone. We are creating serial bubbles over and over and over, and the long-term price for that is going to be horrific. They'll look back some day not to far from now (if there are any humans left to actually look back...) and just wonder how we could be so insanely stupid...

http://www.zerohedge.com/news/2015-07-27/when-will-we-ever-learn

Biotechs ($BTK) close to their first major key area. Of course the areas I like are around 350 and 700...

We're right back to the same old Generals leading and the troops running away that we've seen before every big bear starts, and like every other time, essentially no one sees it, or cares. And if Armstrong is right, this will resolve with a massive increase in breadth as they buy everything that isn't nailed down at any price regardless, as all the other asset classes (but most significantly, bonds) collapse. Probably, I guess... It seems like this time might be different. It's always different this time, and I'm a very firm believer in that. You know, 'This time is different'...

http://www.zerohedge.com/news/2015-07-27/stock-markets-ugly-truth-only-6-stocks-matter

ES rising nicely, just about to the first area. I think the odds of it stopping there are essentially zero, but I'll watch anyway. I think there is slightly more than a moderate chance this is going to do a rocket run straight to new highs, or thereabouts. It's just the kind of nonsense they'd do.

To me, the only good pig is a dead pig.

Originally posted by rat89

nice close to the week, or as jim would say, die pig, die ;)