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.

Area here to be watchful. Let's see.

Retest of this area? Is this about to dump?

I see no reason for it not to keep moving up until the close, but in 'the old days' that action would have almost surely meant it was about to dump hard, in my experience. Ah, 'the old days'.

Interesting.

I'll watch this DT ABCD here, but I wouldn't expect much from it. Nonetheless, if the buyers are going to come back in, this would be a nice spot.

Well, that pattern was stretched a bit, but they are coming in hard right now off it. I'm really interested to see if they chop it right at this critcal first bounce point and go nowhere for awhile, like at the recent low.

I thought it most likely they would chop it in there and suck some people in. Wrong. They are in frenzy mode.

This does look downright scary in here.

The Euro is reversing slowly.I think 1.1420 will be hit tomorrow.
That would be a nice place to start a CD leg down to 1.1240.

the indexes have a crashy look to them here - yesterday/ today. I would be nothing but short, and wait for it. If the setup on the dailies and 60 minute charts gets going, there will be no entry.

Originally posted by jimkane

This does look downright scary in here.

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.