My guess is that they want to test the previous low in the ES, so my most optimistic area is between 76 and 82.



Key supports on the way down are at 18 and 6-7.

Let me just toss one thing out there. If this 'crashes', and I could see that, the Fed will 'lower interest rates' back immediately regardless of the time of day, with no advanced notice (obviously). I fully believe that this scenario is somewhat probable. Just how crazy would that be? Getting caught on the wrong side of that could be a career breaker.

It may be already done, at least for some time, but the key level of the area is a bit higher, a few ticks over 1.09.

Originally posted by jimkane

The Euro is just going insane. Up almost a 100 pips in a very short while. Look at that 1-min chart. The dollar is up against almost all currencies except the Japanese yen and the Euro, which is just hammering the dollar right now. Very curious/odd, the currency flows right now.

qqq - 105.50 area target basically hit here at the open

All I can say about this action, where 35-50 point smooth swings are now the norm, is 'Holy cow!'. I've been through this more than a few times before, like in the '07 meltdown, and I still can't get over it when it happens.

Really nice charts there, rat.

It's hard to call the end of the move for the Euro now, but this 1.0960 is really a level.

My key area for the Euro has been hit. Now we really see. Does this imply Euro down and market up for awhile?

I didn't see this post when I made my last post. Yes, this is the main level I was looking at last night. I didn't post it, but should have. It's quite the monster.

Originally posted by MarcinO

It's hard to call the end of the move for the Euro now, but this 1.0960 is really a level.

and they're probably not done....