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...

So, if it's truly weak it would dump off this area. If moderately strong, check back perhaps to its KZ then continue up, and if very strong, completely ignore it. I hope it's the first. It was a nice long trade, though. That's my experience/opinion, anyway.

Exciting stuff. Here's the rush up that makes it look tremendously strong. It's also exactly where it would fail catastrophically, if that was the intention. They do everything so most can't tell what it intends.

Obvious comment, but I'd prefer the catastrophic failure.

Pretty much the same exact behavior as at the low. Time to head up?

If it gets moving then the low 20's would be my next spot.

Nice classic 5-wave here at a spot. But, if it wants that lower 20's area it won't care one little bit.

Nonetheless, there is stuff here, so I'm very cautious.

Pretty cool, huh?

Originally posted by jimkane

Nonetheless, there is stuff here, so I'm very cautious.

I have no idea why but sometimes it just whirs and whirs and waits before mypivots responds to the post command, and when it does that I get a duplicate post. This is another one that I can't delete (issue on my end), so I have to fill it in.

KZ pullback, so watch and see what it does.

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