The Pound may need one more move up to 1.5170-80 before a larger move down.


After that a further move up cannot be excluded to 1.5270 - 1.53.

I think this one was worth the shot.

It needs to get off the floor.

Give it to me, baby.

"I've fallen, and I can't get up!"

It's time to get out of this little range and make a move.

Yeah, rat, that's the motivation for the bounce.

It's so hard for me to 'come down' from wild action (75 points, give or take, of ES movement) and go into chop. It feels like I've been running a 10K at world record pace, then I hit a wall of molasses.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

% of stocks above their 200dma peaked in 2012! Talk about an accident waiting to happen.

http://www.zerohedge.com/news/2015-12-09/almost-70-us-stocks-are-below-their-200-day-moving-average