Kickin' it off. Should be another crazy week. Each week seems crazier than the last, and not as crazy as the upcoming week will be...

You were faster than me, Jim.
That's probably due to daylight saving time change in US this weekend.
ES is sitting at quite an area - 62-67.



Since the best timing factor indicates tomorrow RTH, we may see a slight correction before the next push down. If this scenario works out, the ES may go up to 75 or 80.

Calling for reversal of the Euro is a loser's game now, but one has to look for support on large TFs to trade effectively on intraday basis.
3Ds to the confluence of lines might stop it for a while.

Marcin, can you check a 1 or 5-min ES chart (well, everything is showing it) and tell me if you have data from 1900 to 2000? All my charts are missing all data there, no matter how many restarts I do.

My data is missing, too.

ES hit 74, which may send it to 63.

It didn't hold. My next resistance is at 83-84.

my eye is on a bear trap coming up somewhere in the blue box

Here's a curious thought, as 'The Big Bang' that Armstrong discusses starts later this year. He says the Euro will cease to exist i.e. be disbanded, gone, each country has its own currency again, as early as 2018 and no later than 2020/21. I agree 1,000%, and those who follow me know I have said all along it would not survive. I'm surprised it has lasted this long, but I way underestimated the games they would play, the lives they were willing to destroy, to hold on to their insane, ego-maniacal delusions. I can't wait until it's finally gone. I will likely never get to see my S&P under 400 'fair value', but I will see the day when the Euro no longer exists, I believe.

If the French elections are won by the party that now has a substantial lead, their platform is France out of the Euro ASAFP. Imagine if it wasn't Greece, Spain, or Italy first, but France! Many say it may be Germany out first. No matter how it unfolds, to me it is as inevitable as the sun rising tomorrow morning. So, first Euro to the 80's, then someone jumps, causes a cascade, and it disbands, or someone jumps, it heads down, another jump, down more, it hits the 80's, and they disband it? Or does it hit the 60's and then they disband it? Talk about a win-win situation. No matter how this plays out, I get my day in the sun, seeing the Euro gone.






Source: http://armstrongeconomics.com/2015/03/09/can-the-euro-survive-beyond-2018/

Armstrong does mention if they basically suspend democratic elections (to hold on a little longer, which I suspect they will do) it could be as late as 2025 before it's gone. I am really leaning towards this outcome myself. Absolute maximum extension at absolute maximum destructive price to the people. It's completely their style.

Nice work, rat. I think it's headed to that upper parallel area as the Euro winds down and ceases to exist, but likely not without some dips.

Originally posted by rat89

uup bigger picture - swing from 21.77 - 27.01 targeted 21.10 - 20.36 .... price went to 20.84, then bounced, taking three years to come back to key area where 21.77 - 27.01 = 1.128 a 21.10, and 20.84 - 23.14 = .886 at 21.10. Now you price is heading to the median line, where 27.01 - 20.84 = .886 at 26.31. Keep in mind this set is drawn in a way I would not on an index, crossing through the lower low in early 2011. Also keep in mind that the median line is the first target. Price could turn back, coil there, or slice through, and there are targets at 27.80, 28.68, 29.85, 30.82, and 33.18. The main takeaway is that this helps illustrate that none of these moves we see that seem so surprising really are.....they all make sense within the parameters of the bigger context

Click image for original size