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 can't really see any more downside on the ES today, but if it did, this is the spot.

That new all-time high by three ticks, with a retest, was something. Same old, same old. I knew they'd get it, I just didn't expect they'd save it for the AM. I should have expected that.

AAPL doesn't need to run too much more to be the first U.S. company with a trillion dollar market cap. Cool, we need more AAPL products.

ES reacts off that area. Now watch here. If it was just a trap, this is where they'd goose it back up. I rather suspect, though, we may just chop in a narrow range now for the rest of the day, like yesterday. That would be fun.

1.75 point range for coming up on an hour. Yawn. Great...

It did everything I mentioned above. Reacted, set trap, reamed everyone in the trap. Yawn. Once you understand it, it becomes 'easy' to see it set up.

Ideal would be a move to 76-77 now, another new all-time high. But, it may do no more than that sucker trap pop, and now stay in the chop range. We'll see. They may 'save' the new all-time high for tomorrow. One per day, spread them out.

It's giving all that pop back. It was just another trap. Ho-hum. Now watch here at the TL.

The ES looks done going up for now. We'll see. The TL is right here, tested twice now.

Okay, are they coming in for real here? I hope so, I'd still like to see that new high. But I'm not really feeling it.

nothing makes me happier than seeing the trend resume ;)