On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

And it's rising again.

1.44 is a key level now with alternative one around 1.4420.
Minor resistance at 1.4385.

It fails to make a new high, which makes me wonder if that is the whoel correction and it will drop to 1.43 and below from here.

It went to 1.44 eventually and stopped there. Now we will see.

Here comes a roll over.

One more move up. Let's see how it copes with 1.4420 level.

As it turned out, the low was 77.75...

Originally posted by jimkane

And then, if things got ugly (I see that as about a 5% chance, at best right now), there is a primo area at around 77.50-77.75. I'm just dreaming. The first area is hit, that's probably it...

Hi, Jim. Volatility is back in the ES.

They're off!

Jack rabbit start? We haven't had one of those in awhile.

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!