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

Alice Cooper (from Hello Hooray): God, I feel so strong... So strong

The ES: God, I feel so weak... So weak


As an aside, I know I am posting this just as it is about to possibly launch.

I can't even begin to tell you how much I would like it if that scenario played out. I am just having trouble wrapping my head around any real downside right now. I hope it happens...

Originally posted by rat89

spy 207.14 - 203.89 = .786 at 206.44, .886 at 206.77. Likely a wave 2 ended in that area yesterday, with wave 3 now in progress. by my calculations typical wave 3 targets are spy 201.23 and 199.99 sometime today or tomorrow, followed by a shallow bounce for wave 4 and a wave 5=1 to finish minor (1) down

Click image for original size

Click image for original size

I can't get over the moves in the Yen.

There's the sweep. Now a snap back snap trap? It couldn't be a real move...

The 20 area still looks good on the way to rat's chart area, which translates to about 95-96 in the ES. And the swing low area on the way in the mid to upper 30's, that should generate mega games.

So is that 51 swing high there the HOD? Will this be a down day? Great questions.

Maybe I'm just stuck in this mode, but I'm not 'feeling' the downside. C'mon, baby, shake it loose.

I'm afraid it could be done here at 42.25.

C'mon, shake it loose. You can do it!

Okay, watch to see if that's a final sweep shakeout and up it goes, or not. If not this actually might be a genuine move.

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