1.4255 at European open?
My assumption is that the move down isn't done and Pound is likely to make another leg down.

Otherwise, next stop low 80's.

Ride to the low 80's or trigger for short.

Okay, get ready...

I'm not expecting this to pay off, but I can't live with the idea of ignoring something this incredible. The Fed minutes aren't for like an hour and forty minutes, though, so that's confusing how that would fit. Sell it a little now, then explode on the 'news'? Keep driving it up, then crater when the 'news' is that they still plan to raise rates?

I was going to post a comment saying it deep in my area, and yours. Looking at your charts here all I can say is 'Oh, it's in there alright'.

Originally posted by rat89

Click image for original size

Click image for original size

But despite the near perfection and artistic beauty of this layout, I still can't see it. I would love to look back and say they just made me think that so they could dump it, but I just strongly doubt it. Almost every time my read is that something won't play out I go with that and look to stand aside. This time my thinking is the heck with it, this one is worth the nearly guaranteed stop out to me because I think I would sleep better tonight knowing I didn't want to back away no matter what. If my view was to back away from something this nice, now that would keep me up at night. So, in a sense it's like the poker player who pays just to see the other guy's cards. He knows he can't win the hand, but the information he gathers is worth the price. In this case I think the cost of a stop out is worth it to know they couldn't back me away. Interesting, huh?

let's say this bounce is minute 2 of minor (1) down.....minute 3 should be 1.62 - 2.00 * 1 for a target around 200.40 - 199.20

Yep, that lines up with what I have in the ES.

assuming spx ended major [2] at 2075 Friday, this is just minute waves of minor (1) of major [3]

had a day full of appointments.....did you say something jim? ;)