Starting it off.

This is a really good place for HOD, but not too much reaction so far.

It didn't hold.
1.4170 is next.

Backtest of 1.3540 area provides some resistance.

I may be a few minutes late for a 'They're off!', but I'm here. Just a tiny but busy right now...

Hi, Jim. No worries.

Originally posted by jimkane

I may be a few minutes late for a 'They're off!', but I'm here. Just a tiny but busy right now...

This is a big-time super-key ES area here, as I am sure we all can see. It did nice price action right into it. It 'saw' it. Now we see if it follows through. There are other areas below, and the sentiment is shifting, so it may not do much. A nice bounce and roll would actually be healthy for the downtrend. I'm not sure it can do much of a bounce, though. We shall see. It does what it does, and we manage.

"And we danced like a wave on the ocean..." Hooters

"And we managed like a wave in the market..." Jim

Another big drop on DB, new low for the move by a ways. I usually don't post about stocks, but I'm working on some things, so I thought I might post a few. This one is a beauty so far.

Might just be the usual morning chop, but it's just not acting impulsively off this area. Maybe it clears, but maybe it's a sign. It needs to blow this bearish ABCD area out here if it plans to go anywhere.

A great bounce area would be 24-26, and the .447 is at 28, so let's see.

Pound spot is 70 pips down from yesterday HOD.