I will start this week with overview of the Euro.
1.2480 looks like a monster, but I assume it will produce only a temporary reaction after TL fakeout and then go up to KZ (1.2570-1.2600).


The weekly chart shows a great potential for games around 1.2.

See how they 'saw' that? Surprising? Now, watch the checkback right here.

For my recent mentor students: Look at XRT on a weekly chart. It's up over sixfold since the 'big low'. See that breakout to new all-time highs? Recognize anything? Even on weekly charts for stocks... Don't post anything in here, since it's proprietary, but I wanted to point this out for study.

I'm cautious in here. Need to see how this shakes out.

It looks very weak, very bad for longs. That has me thinking it's going to be a shake and bake.

Now, imagine filtering this with what we know?

http://www.zerohedge.com/news/2014-11-12/self-fulfilling-reason-europe-closing-ramp

Shake and bake.

Originally posted by jimkane

It looks very weak, very bad for longs. That has me thinking it's going to be a shake and bake.

Last half-hour pop to new all-time highs? This is the price flow area right here. This could kill it.

Decision time.

Big-time caution here.

Here's the ES game. It's all games, but this is the 'stop run' game, a variation on what I coined long ago, the '1-2-tick game'.

http://www.zerohedge.com/news/2014-11-14/stop-hunting-algos-dominate-sp-500-today