The Cable stopped at 1.5023 exactly at intersection of two key lines from weekly/daily timeframe,
That might be it for a couple of days, but I wouldn't exclude further move down to about 1.1460-70, so as to hit obvious SL, before some correction.

I'm looking at 1.5140 and 1.5220-40 levels as interim AOCs for bearish correction.

1.5080 is also quite a level, but I doubt it would be the whole correction.

It sure looks like one of the longest and strongest running 'bulls' in history has a long, long ways to go, and lots more years to run. I guess the era of an average 4.3 years years for a cyclical bull is over, now we may be seeing 15 year cyclical bulls, and what, 1,000% increases? It's all good, I plan to have all my retirement money fully in the stock market for years and years more to come. Couldn't ask for a better deal. I'm not sure how I feel about a P/E like 10 or 20 times as high as the Nikkei in 1989 or the Naz in 2000. But, as long as we are making money, it's great, right?

http://www.armstrongeconomics.com/archives/39031

Local high at 85 produced tradable reaction and then opportunity to reverse position.
So far so good.
Time to look for area to catch W5 to 1.5145

Originally posted by MarcinO

1.5080 is also quite a level, but I doubt it would be the whole correction.

Pound may react off 1.5075 now.

Cable on fire. 1.5145 today?

my eye is on the target areas around 2200 sometime in the next few weeks

I couldn't post today, I had browser issues. I had full connectivity and charting and trading programs, just an issue with my browser. I think I'm back again, so I will try to post tomorrow.

Although the selling today is likely just a correction and up it goes (and it did start to rise nicely), I sense a disruption in the force. I just want to get it on record that the tenor of the action feels different, and I'm not as nearly 100% convinced as I was before that this is going to get those new all-time highs from here. I'm not saying I've given up on them, or that I think more selling is inevitable, only that something feels different, and I'm not writing off those possibilities, as far as selling, completely any more. Just for the record.

The Cable on fire again. 1.5140 soon.

High of the move at 42.
Time for 1.5080?

I actually logged back in to make one more post. Look at how the ES finished in the little after futures Friday session! Another dump down, closing just off the new LOD, which was set at 2011.50! Sure, 'they' may come in like gangbusters on Sunday, but wow, is this weak. That change in tenor I got, it was no joke. I am so glad I posted that when I sensed it. I think the 1950's might be next.