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...

A quote from my hero, Dimon: "U.S. consumers are in excellent shape." I don't even want to write what I wish would happen to him, but if all the laws on the books now were strictly enforced appropriately against him, let's just say I'd be quite satisfied.

That shakeout really should let it rise. Don't misunderstand, I am heavily (heavily) short side bias. But I prefer well-corrected trends, so they keep going. And I know the areas that 'should' produce reactions. But, if not here, perhaps at around 65.

I'm getting really sick of saying 'Now?'.

Three drives there and right on the price flow SL's. But, the last time it chose a TD ABCD instead of the few more points I was looking for (an extra leg (time) instead of more price), so maybe it just doesn't want any 'up'. I still keep expecting a bounce, but it's so pervasively weak, it just may not do it at all. 65 is the next really key spot, as I said.

Frickin' now?

76 and 80 are the first spots I am watching.

79.25, be watchful.

So, on the higher timeframe, I can see why it might want the 1910's. I don't know if it has the juice, but I can see why it would be eyeing that as a breakdown area backtest.

I think I'd almost rather it rolls over here and gets killed. That 1831 has to go.

81 draws a sharp reaction. Bullish 'W2', or is the next leg down coming?

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