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...
JI
jimkane
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I suspect it may chop in the low end of the range for awhile. I'd like it to keep moving down, but this is a tough area in here. I was kinda joking there when I saw that program hit that the ES would be rising. Although it could, I'm just not seeing it too much right now. Some, a bounce, but not much more. You can just never be sure with these maniacs, though. It's all odds and probability.
JI
jimkane
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Should be time to come out of this little range here. I'd suspect up, at least first. Probably just up, period.
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jimkane
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I'm not going to do too much analysis of rolling chop, but they popped up there, then came right back in. That usually leads to a sweep down. Then in my experience, with the action lately, it's about 50/50 with downside continuation, and a sweep back up and continuation that way (double or triple stop sweeps).
JI
jimkane
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So, it's done exactly as one would expect if a real move was about to ensue. It came out of the range at the extected time, pulled back half way in, the the balance point, then launched out hard.