a cheery view of spx to start it off:

85.25, the first minor area is drawing a reaction. It's hard for me to tell at this point if that's it, or if it just wants to correct a little deeper on its way up. This is fun stuff.

Oh, it likes that minor area.

Notice the minor area is dead smack in the middle of the two .447's drawn off the two recent major swing-highs.

So, back to the KZ then snap up?

Confirmed!
The Pound is heading towards 1.4951, which will be hit tomorrow at the latest, I guess.
And my long term AOC is around 1.3250. I will post charts soon.

Originally posted by jimkane

BTW, it is sweet to see the Eurosludge trade a 1.05 handle.

ES to 86.50 and down?

1.4950 for the Pound, with minor subgrouping at 1.50.



And 1.32-33 from weekly time frame.

There is one curious thing about that level at 1.51 at which the Pound has stopped, apart from being a nice technical area.
If a CD leg of a bearish ABCD starts there, then 1.0 D point will be close .786 of the previous leg down, which would lead to a repetition of a known fractal. Just a thought.

"…the US stock market a mere 107 trading days away from becoming the 2nd longest bull market of all-time, with equity leadership driven by “growth” (longest duration of outperformance ever) & “quality” (at all-time relative high)…"

Source: http://www.zerohedge.com/news/2015-11-23/year-pain-trades-and-flash-crashes-2015-summarized-10-bullet-points

What a monster short this is. But, it's always hard to short against a relentless move of over 20 points. Wait, 20+ point... Hmmmmm...

wow. amazing.

Originally posted by jimkane


Anyway, the anecdote: MyPivots, a monstrously famous and popular website, has had zero posts outside the KT private area for the entire month on November, a month I consider the trading to be 'as good as it gets', and 'as much as I could ever dare ask for' as far as trading action. What does that say about the depth of the market action, and what is going to happen when 'they', for whatever reason, turn the machines off, or can't turn them on for some reason? We all know the answer to that one...