The Euro made a huge drop on Friday and still has a plenty of room to go.
It stopped at a very technical spot, so I'll be looking at two areas to continue to the downtrend: 1.2420 with best timing before European open tomorrow and 1.2440-50 which may produce a reversal at any time before tomorrow or on Tuesday at the latest.

TL backtest at 1.2405 with couple of other things coming together there is a very short term opportunity, if any, in my opinion.

I know it's a holiday week, but a 3.75 point range for the day so far, after two narrow range days? Why does this always scare me, wondering if the day is coming when this is the norm, day after day, week after week? I hope not.

FB is exploding for the second day now, coming off my key area a little while ago. It was a real x marks the spot setup.

I am expecting the ES may expand the range here any time now. We'll see. I expect nothing but more falling asleep at my keyboard.

I would like a nice acceleration now into the close, to new all-time highs. Whoop-de-doo, it would be less than four points. And it almost seems impossible... This market is nuts...

Oops, here come some sellers. With no volume or liquidity, if anyone sells, watch out.

This might dump? Really?

As the S&P 500 has now closed above it 5-day moving-average for 28 days (today will be 29)... This has never - ever - happened before in US equity markets.





Source: http://www.zerohedge.com/news/2014-11-26/madness

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.

The usual three today, that's it. We are, indeed, an exclusive club. Imagine all those others who aren't privileged to be in our club. Sorry, folks, 'you ain't in the club!'

Yeah, those FB calls are really starting to swell. No claims here, but buying calls over and over, based on KT setups, on individual stocks, as well as the indices, has, let's say, had a lot of potential over the years since the manipulation bottom.

nothing makes me happier than seeing the trend resume ;)