The Euro is pretty likely going to hit 1.1320 tomorrow at London open. This level might be not enough to stop it, and in that case 1.1240-50 should be next.

I'm not sure if it has the gumption to get fully to that last area right now, but it did exactly what I suspected. It came back in a larger amount than the previous pullbacks, and launched off it. Hopefully it can hit that next level, and a new high for the move, but you know how they like to save those new highs for later (and I think the odds favor that outcome here).

pushed right back up as you said - spy .886, iwm .618. They do not want to make anything obvious, do they?

is this the opposite of where they make it look incredibly weak and then shoot it up? Weird behavior where it can't take out the high here.

Okay, it has a shot in the after-cash. I only give it a 20% or maybe a 30% chance, but it has a chance.

Give it to me, baby. Make my day.

There's a new high for the entire move.

And there's my level!!!

Yee-frickin'-haw is that awesome for me. I love it when a plan comes together.

And that's another new all-time high for F&#%book.

Wow. I have some stuff at 54.50, based on degree of swing and other such recent discoveries. These indicate to me possible areas based on the move underway. It burst up to 54.00 into the futures close! This is now deep into the daily/weekly backtest area.

I have some thoughts here. The reason I think it is so strong in the face of these smaller timeframe areas is because there is really not much here until the higher timeframe areas come in. These areas are really like 'exhaustion areas' in the short-term. No areas from the higher timeframe, no real reason to slow down.

Now, there is insane 'overhead supply', and in 'the old days' that would be nigh impossible to overcome, or it would take a long time to chew through it all. And I mean a long time. Nowadays, if the machines want to overcome it all in a few days, they can do it with ease. Why (in my opinion)? Because there is no 'overhead supply' whatsoever. We have a chart formation that, for over a hundred years, indicated 'overhead supply'. Nowadays it almost surely does not indicate that one iota.

So, it won't be something to slog through, it will be like it doesn't exist (because it doesn't). Therefore, I think this could be at new all-time highs in a few days if they wanted it. I think it will spend more time doing it, but I'm just saying, we are sitting within range as we speak. My two cents, anyway.

I'd love to hear move about that. That thing is trading say 27 now, but at its peak was 489,600. I'd say it's down a little. What is it leveraged to, like 100 to 1, when you convert from VIX futures to SPX?

Originally posted by rat89

I'm experimenting with using the spx/ spy triggers to trade uvxy, based on work that roofer did a while back. The damn thing will knock your socks off if you're wrong. It's an animal.