I just checked in and saw there was no topic for the week yet, so here it is.

Correction to 1.5215-20 would be nice.

But the second backtest of line at 24, might have also been it.

And it was.

Originally posted by MarcinO

But the second backtest of line at 24, might have also been it.

Move to the lower area now?

Volatility squeeze in the Pound is frustrating. I hope it will start to move ahead of FOMC minutes release today.

Finally it comes! We will see if that reversal is going to hold according to my plan, posted yesterday.

Lots of nice cable posts there, Marcin.

Not much to say on the ES. It ground down in the overnight for a better 'retest' of that low, and nothing but up since, for a new high for the move. No real surprise. I have nothing to speak of until the 95-96 area (center of area, it starts at 91). But, if it gets that high will it really roll down like it did last time? I doubt it.

Let me caveat what I just posted. This is pushed up against and slightly peaking over a monster area here. I just assumed it is/will be breached. There is a small chance (what, one in a million, one in a billion?) it will respect this area here. Too bad, it is such a monster.

spx really wants to hit the .618 at 2079, you can feel it vibrating with excitement. And that little sell down just now....when was the last time price tanked and never looked back 25 minutes before anything involving the fed? Nice trick, but no...

Well, it did hit 89.25, so that's okay. I got the read into the area, and pretty much for the move up. The morning made the move right to the posted area, the move down was in nice waves that followed the principles. All-in-all a pretty good day for trading, in my opinion.

Originally posted by jimkane

I'd like at least 90, preferably 92-93.