Week Nov 22nd - Tuesday update

12 Cent fall from Sunday - I'm right?  10 cent rise from today's low - Im wrong ? Answer, both are wrong.  The pattern off of the 213 high was a perfect ABC, 1:1 correction (Today's low was an exact 1 multiple of the first leg). Unfortunately, it still leaves open the upside.  But, I have not changed my odds on a new high:  still 30%. All bets off with a close above 216.  If this plays out as a correction with further downside, market should not get too into the 216 area.

Tradeflow: Looking for that 216 level.   Still recommend the short call vs the 190/180 puts spread.

Euro below 133.36 should strengthen the downside argument.