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 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.

I wish I could post charts easier in here, but my SPX chart has that area (as yours does, for different reasons) and it's a monster, the ultimate look back on it in a killer bear market and say it was an obvious spot. But, I don't think we're in a bear (although I want nothing more), so all I can fathom is a checkback.

Originally posted by rat89

however it bides its time from now to Wednesday, my eye is on 2077 - 2104 spx for the .786 - .886 range on the daily. Expect to see it flip down hard soon....

Originally posted by jimkane

As for the Fed, rat, how about a scenario where they push it to new all-time highs, then the Fed says wow, new all-time highs, the worldwide panic is long over, Dec might not be a problem for a raise if the data stays good, and swooooooosh, down it goes. The reverse of the obvious wisdom.

I forgot to post this over the last few days. Just a fun little thing I came up with, but very interesting. My quintessential example of schizophrenia (and an infinite loop):

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes.

The market and economy are doing great, the Fed will be raising rates, the market tanks.
The market tanks, the Fed can't raise rates, the market explodes...

Very interesting how it is doing the expected deeper pullback, just one point from the high, and acting like that one in a million odds sell is going to happen. I can't imagine this closing weak. Yes, it's a monster area, yes, the Fed is coming up, and when they announce no hike, no likelihood of a hike, it needs to be pulled in already so it can explode. But, I just don't see weakness in here. I've been wrong before, though, many times...

They are going to come in, I just can't see them not coming in...

One of my favorites, AZO, set another new all-time high today, two days running.

ES still selling. Interesting. They tried to make a run for it, and failed, to my surprise. They weren't able to materially sell it, either. Sunday night is going to be very interesting indeed.

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.