Kickin' it off. It's going to get wild. This week is Armstrong's 'Big Bang' date, mentioned at least as early as 1989 in one of his conferences, he said. It's not a date for a market implosion, it's the peak date for government and sovereign debt. Catalonia voted today for independence, a binding vote. The last one was not binding. It was overwhelmingly for secession.

I can find no information on this vote anywhere right now, yet it's over and done. Nothing on ZeroHedge. I find this bizarre. Understand, if any EU country has a secession, it will, in my opinion, begin a waterfall breakup of the EU and the failing of the Euro currency. So, tanks will roll, it will be stopped. But, it may cause massive unrest and even a European war. Markets will move. Hence, this is not a trivial event today. Yet, nothing, no reporting anywhere. I'm... confused...

Low of the session 1905.25. 1.272 was at 1906.17. Basically, it did exactly what I was hoping for. I realize now my post was not clear, and I'm not sure how to do ones like this. Maybe I should have said 'mid-1900's', like I say 'mid-40's' or 'low 20's' or whatever. For some reason I don't do that with the century marks because I think people will read it wrong. For example, if I said 'mid-1800's' I'd think people would think 1850ish, not 1805. So, I held back and didn't want to put out the effort to explain it in detail. But, do the work, it hit it dead on. Now it's a bearish ABCD, and time to see if we get another leg to take out the next big swing-low.

Originally posted by jimkane

ES opens and starts to drop, but will it actually try to take out that Friday low? It's not acting like it now, but it's early. That 1900's area calls, and then there is the Thursday low. I have hope.

Okay, they rolled it off the ABCD, right to the very first key spot, then exploded it up and over. I feel less than zero surprise at that. I'm curious to see what they do from here, but I know as sure as I'm sitting right here right now they want to run it more than anything else they could imagine.

So, does it want the area just under 30?

Another nice little punch up there.

Euro down a bit. 1.1155-60 looks like magnet to me.

Good morning, Jim.

I'm ready for that scenario, too. But if you look at 1.085 they needed only one low violation to send it up, and here we are after a small TL sweep, which makes me wonder .
No claims it will happen same way. I'm just thinking out loud.

Originally posted by jimkane

Nice charts, Marcin. I can't see how they wouldn't want to sweep out that higher timeframe chart. Just look at all those lows calling out...

23.50 so far. 30 area not sounding so crazy, now, huh? Even if it didn't go one bit higher, this has been awesome so far.

Originally posted by jimkane

So, does it want the area just under 30?

I'm a huge fan of thinking out loud. I guess that's why I do it so often.

Originally posted by MarcinO

I'm ready for that scenario, too. But if you look at 1.085 they needed only one low violation to send it up, and here we are after a small TL sweep, which makes me wonder .
No claims it will happen same way. I'm just thinking out loud.

Originally posted by jimkane

Nice charts, Marcin. I can't see how they wouldn't want to sweep out that higher timeframe chart. Just look at all those lows calling out...

20+ points off the low here...

Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.