The Pound is just below a huge area at 1.5260.



If it is not going to spend too much time on correction, the next level up is around 1.5370.

1.5010-20 next.

They are playing around with obvious TL, about 25 above the heart of my PTA.
I wonder when they will break it...

I'm still trying to process that this is 62.50 points (by my data) off yesterday's low. When that ABCD formed last night right before the European open, coming right off the area I posted (it actually pushed the top of it by a little), I knew what was setting up. I watched it for as long as I could stay awake. I was going to post where I thought it was going, but it sounded crazy, and I was really tired. And... that's where it went today. It's set up now for a huge, monster dump, but will it?

I hope so. I see USD positioned to rise vs the Euro and the Pound, but it's still cannot start...

So, the consensus of the pundits on bubblevision is rally after the Fed announcement. If so, then new all-time highs, as rat has been suggesting, will be forthcoming. I'd love the dump to happen, the top to already be in, and for five Victoria's Secret models to knock on my door (dressed as per their usual) and jump all over me. But, likely none of that is going to happen...

And the curious part about that is the protocol is 'buy the rumor, sell the news'. It's all supposed to be 'priced in'. But this is acting like it's not priced in, like they don't believe the Fed will actually move. So if they do then they react, and the dollar jumps? But if the dollar jumps, the ES should jump, the way it's been correlating lately.

Originally posted by MarcinO

I hope so. I see USD positioned to rise vs the Euro and the Pound, but it's still cannot start...

Huge jumps up today in junk and high-yield. Is the liquidation all over now? Crisis gone?

My mistake. I was goind to write that the USD is going to fall...
That is in line with support areas posted today for the Cable, especially the last one. That is why I posted it below your comment on ES ready to dump.

Originally posted by jimkane

And the curious part about that is the protocol is 'buy the rumor, sell the news'. It's all supposed to be 'priced in'. But this is acting like it's not priced in, like they don't believe the Fed will actually move. So if they do then they react, and the dollar jumps? But if the dollar jumps, the ES should jump, the way it's been correlating lately.

Originally posted by MarcinO

I hope so. I see USD positioned to rise vs the Euro and the Pound, but it's still cannot start...

Even if you don't usually read my article posts, looks at this one.

http://www.zerohedge.com/news/2015-12-15/one-these-things-not-other

It usually pays for me to follow my gut read on things...

Originally posted by jimkane

I want to short it (soooooooooo badly), and will be looking for the slightest weakness to consider pouncing, but with the attitude of not marrying the position, and being ready to turn on a dime. Otherwise, it's ride until this thing breaks, and keep leaning on the long side until proven 'wrong'.

Originally posted by jimkane

I just want to short it right here sooooooo badly...