Kicking it off.

"This is not going to be a 1921-style two-year recession that we bounce back from after a little bit of pain and unpleasantness. After a 50-year global economic boon involving what is now a $59 trillion expansion of credit in 50 years, this isn’t going to be a one or two-year hard recession. This is going to be a multi-decade global depression and I’m not sure that anyone alive today would live long enough to see the recovery."

Source: http://www.zerohedge.com/news/2015-04-05/richard-duncan-real-risk-coming-multi-decade-global-depression

Quite an area at 85-87. It may be hit today or tomorrow.

The Euro may be done in here.
If so, I would say that they are preparing to break a daily/weekly timeframe price flow (now at around 1.1030) which has been acting as a resistance for over two weeks.

For the ES, my support areas for now are 71 and 65-67.

ES did exactly as I thought, made it all back, and then some. I see jackrabbit starts are back 'in' now, too. Not only made back the entire Friday AM dump, it made back the previous dump, too. The nice thing about this was how easy it was to stay with the move, trailing stops-wise. The move from the Sunday night low? 41.25 points. 20+, 30+, 40+, I wonder why they do that... Notice, too, it makes a big giant bearish flat ABCD at the high. I wonder... Nah, probably not. Lastly, for my most recent students, look at the timing factor for right before the open. Holy cow did it tip its hand things were about to start happening.

Nice charts, crew.

There is also a very nice area for the Euro at about 1.0850-60, in case 1.0920 doesn't hold.

Looks like another long is going to pay off. Hard to imagine, but it sure is doing well so far. Wow.

It seems they are preparing to hit Friday's HOD. I wonder if that will be a final move up and then reversal or just the first target on the way up?

ES closes after a new high for the entire move here in the little extra Friday session. Nominal, but still, it had to take out that RTH high, didn't it.