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

Nice charts, rat.

here is the best of all:

iwm 15 back test of broken tl, and at upper line of new median line set, where:

111.32 – 108.13 = .618 at 110.10
110.27 – 108.13 = .886 at 110.07

Okay. Okay. This is good. I like this.

Yes, it's things like this that had me comment this AM that it is not off the table that it could give it all back. If the ES fails this bullish ABCD it rocket launched off of, then it could be game over. The Fed has a secret, emergency meeting on Monday, but the last time that happened absolutely zero happened with the market, no announcement or info of any kind came out, and it was like it never happened. I suspect it will be the same this time, too. But, who knows.

Originally posted by rat89

here is the best of all:

iwm 15 back test of broken tl, and at upper line of new median line set, where:

111.32 – 108.13 = .618 at 110.10
110.27 – 108.13 = .886 at 110.07

Click image for original size

This is shaping up very nicely. The ES should do a little bounce in here if it plans to keep going down. If not, then it may be overwhelming selling pressure.

Okay, the ES should bounce right from here. 42. Bounce and roll.

Nazzie in the red on a Friday in a super-strong uptrend. How bizarre.

Atlanta Fed Q1 GPD forecast now 0.1%. Suh-weet. Sounds like all that QE really worked wonders. Definitely time to raise rates, the economy is so strong. And that's the Fed's fake number. Imagine what the real number actually is...

"I've fallen, and I can't get up!"

It needs to bounce here.

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