Starting it off.

The most likely scenario for me is that the Pound hits 1.4435 first, and after some reaction, drops down to 1.4405-10.

Given how Cable is looking right now, I would assume a move to one of the area posted above, instead of hitting two of them in single pushes, and then at least larger correction.

I wonder if the ES needs one more move up to 58-59 before the next leg down?

This is not a rethorical question, as that move down might be done already.

gdx abcd .618

Pound has just hit 1.4435 area.

And almost 40 pips reaction so far.

slv, then and now - then, a rise into a consolidation pattern, followed by rise out of this that's roughly equal to the move into it.....you get a 1.618/1.....now, you have a tasty pullback to the old lower line at .382. They should push it back up to the high area....

That area in silver looks so nice, rat.

And the ES was nasty today. Chop in a 6 point range most of the day.

eye on 22.56, 22.29