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...

I hope that USO chart plays out and it dumps from here, rat. It has an 'upside breakout' potential look to it.

agreed

Originally posted by jimkane

I hope that USO chart plays out and it dumps from here, rat. It has an 'upside breakout' potential look to it.

And up to the 1-min/5-min TL, and rolling back down. Wow, is it a roller coaster day so far, especially on the 1-min timeframe.

I expect a snap reversal up any second now. I think it's ready for up now.

spx came up off the intraday .886 - eye on .23 - .382. If price comes back to .886 more than a second time it's almost always going through

Yes, good observation there, rat. It should be ready to go now. If it doesn't, I'm going to get real wary, real fast.

I'm especially watchful as it goes over this downsloping TL. It has to follow through quickly, or it may be the 'over and then reverse hard' trap.

Time for CD leg to the area posted in the morning? The Euro reversed shy off that level on nice Fibs grouping.

These situations are very demanding from trade management perspective.

Originally posted by jimkane

The ES here reminds me of this. The ES 'should' do one more push to the 68 area, but may just launch from here.

Originally posted by MarcinO

Final push into the zone now?

I can't believe F$#%book is down some more. I like it. Sure, we are all used to it when Sh&@er is down, but F$#%book? It's the Golden Child of this market. Die, pig, die!

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