I'll start with the Euro again.
1.2385 is my next strong area, assuming continuation of a downtrend.

Understand, I'm fine if it just explodes up here, I'm long side bias, I'm just saying, this area, I would strongly suspect, would bring it back in a little, that's all, and that may be something to factor into management. If it doesn't, no problem at all.

It works now.

Then, unlike most times, I will watch how it comes in to decide if the upside is done. Normally one should have the idea for shorting or 'longing' well before an area is hit. But, I have no stomach to even think about shorting off an area like this. So, I will see how it acts if it does come in (which it looks like it isn't going to do right this second), and see if it changes character, and see if anything develops.

Okay, great.

Originally posted by MarcinO

It works now.

How much down? Maybe to 61-62.

AZO another new all-time high again today.

I think the ES should be ready to come in at this time...

If 61-62 doesn't hold, then I'm looking at 55ish.

There's the new high for the move! If that indicates it's 'scenario 2' then it has a long ways to go yet. Cool, it's a 'ride until close' and maybe beyond potential scenario.

you have a key line pie?

Originally posted by jimkane

Yes, but add in a key line that this was the third time it used, and you really have something.