EURUSD:7.34pm

What a mind boggling boring day. However, under the surface, me thinks all sorts is going on.

Let's look at the bigger picture first on the 240min chart. Look at that SMi cluster covering up to 12hrs at the bottom. Them's got to get back to the top to create a sell opportunity for me. In the interim, if we had a 'B' bottom like I think we had, then these SMI's should confirm the turn up. Also, the troughs of D4 & D6 are on the wane now; they caused the drop as I had been discussing over and over - under the 'sick goose' banner. As long as price sustains that bounce off 1.2878, we should be going up and a 'cut' of D5 should be matched in time and price travelled on the other side of the line from where the move started Friday. So my 'i' maybe a bit spikey, but other side of D5 is what i am looking for.

On the shorter term chart, this sidewards action appears to be crossing over the D1/4 trough (the weak zone for EURUSD or topping area). Basically, rather than going down, this topping zone is causing price to go sidewards. So why would the topping zone on D1/4 cause price to go sidewards and not down?? Well, that be because D1 & D2 are in consecutive bottoming zones right now and they are 4 & 8 times bigger in trend power than D1/4. As the orange trough wanes this evening, we should see the power of D1 & D2 pull price up into the red channel again. As D3 & D5 are flat, they are prone to being cut here but revisited from upstairs down later once D1 & D2 go into topping formations. Lets see how this pans out then.