MyPivots
Sign In
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Kickin' it off. The way things are laid out and acting, I'm expecting some serious action this week. Will the Euro trade parity this week, or bounce off this key area? Will crude set a new low for the love, on its journey to the low 30's, or follow the Euro with a bounce? (Sure the Euro could tank and crude still bounce on its own.) Will the ES head down to that (much) lower area, or respect this key area here (for now?) that it just tested twice? Everything is set up for 'big' bounces in here, but will they? What does it say if they don't? All great questions...
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Jim, it's not insomnia, I'm still at work.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Reaction off 1.075 would create an ABCD to your area, Jim.

    Click image for original size
    6e 2015 03 18 png
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    This is definitely a get little sleep, and sleep on the trading office cot night. Get this: the Euro gave it all back, and the dollar regained it all back! The Euro is down almost 400 pips from the high, and the buck up almost 500! That may answer a lot of what I was trying to reconcile earlier. This volatility is insane/awesome! And no sh&$ has even hit any fans yet! Imagine when it does! 1000 pip swings in the currencies intraday on a regular basis? Holy cow.
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    BTW, the ES sure 'sees' that area I mentioned way back, more so that I expected. Boy, would I love to see it give it all back right off that area.
    Okay, I'm going to try to get back to sleep...
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    my eye is on uso 15.22 - 15.27 for the double 1.27

    Click image for original size
    screen shot 2015 03 19 at 11 31 19 am png

    Click image for original size
    screen shot 2015 03 19 at 11 11 48 am png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    There's a very nice area for the Euro at 1.054 with some lines on the way, currently at 1.0560-70.
    I wouldn;t be surprised to see it even today with current volatility.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    what I want to know is this: are they about to snap spy down to 207 area in a hurry?
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Well, it would make sense. Crude gave it all back, the currencies gave it all back, the ES should, too. But they keep hanging on...

    Originally posted by rat89

    what I want to know is this: are they about to snap spy down to 207 area in a hurry?
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    they really want to throw it down there for the abcd that gets it up to where it finishes the whole move
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    ??
    Click image for original size
    screen shot 2015 03 20 at 10 56 16 am png

    Click image for original size
    screen shot 2015 03 20 at 10 56 27 am png

    Click image for original size
    screen shot 2015 03 20 at 10 26 27 am png
    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
    0
    Yep, time to start heading back down. Too bad the odds seem against that happening. Look at the Russell and MidCaps. But, you never know.

    Originally posted by rat89

    target area hit


    Click image for original size
    screen shot 2015 03 18 at 4 23 55 pm png