We have a nice potential double bottom that could play very well into the usual Sunday night - Monday strength. This 100% retracement of Wave 1 of the move off our bullish ABCD doesn't fit well to the scenario of a really strong trend up starting here, but the move to the usual area off this ABCD should be good enough to deny all the Wave 3 callers right away:

SL hit, area I mentioned way back hit, now we see if they got the chops to do anything more with it. If so, that's a clue.

92.50 next to watch...

That is, of course, if it can hack the current area.

Okay, let's see if it can get to my next area before the after-cash close, or if it will have to wait for GLOBEX.

Nice read Jim! I'm leaving for the weekend and won't be back before Monday morning. Good trading!

Bye, jarek, see you then.

So, they rush it right up to this area and close it there, right before the big jobs report tomorrow. And everyone is super-bullish, in that they all think this has a ways to run yet (I can't find anyone on TV, forums, or blogs that says otherwise, but maybe it's just the places I go to...). I guess it will be different this time, and everyone who is on the bandwagon, and everyone who is acting like everyone else is going to make a lot of money this time...

So they kept the pressure on the entire day and then rocketed it up on the close. Seems 1102-1104 may come into play. Great trend setups today for smaller moves with tight stops.

so 1103.75 is hit in globex.. I would assume that a larger correction may come from here but in this day of manipulation anything is possible..

Great work, eric, right to your area.