Kicking it off.

This area looks weak now. The only thing that holds the Euro is one ML set, which looks like an outlier in the area mentioned earlier.
Next levels are 1.0590-1.06 and then 1.04, but will be modest and leave the latter as target for tomorrow .

Originally posted by MarcinO

My target area for the Euro now is 1.0660-70, to be hit today or tomorrow.

Is ES going to hit my, immortal by now, 84-86 zone?

It saw the area. Let's see if they will drop it.

Die pig, die!!!!!!

Wow, rat, that's a lotta charts. Nice work, crew of two.

So, if the fractal plays out it would hit (from the band 'Rush') 2112. There is another variation that would have it hit 2100 instead. Then another small back off would come. I'd strongly prefer this doesn't happen, but all I can do is trade the market at hand. I'm just talking personal preferences.

There is also another way to 'tweak' the fractal, and that gives 2106, so, best I can tell, 2100, 2106, 2112. Interesting symmetry. Somewhere in there, then look at the price action. Also, I expected a rapid burst, but it looks like it won't happen in one day. Maybe a 30+ point jackrabbit start tomorrow morning?

BTW, by my data, the move was 20.25 points low to high. Hmmm, 20+ again. Over and over they seem to play the same game. Four days now with the overnight long. Notice the same pattern as Tues and Wed? Pop it up for a nice move off the overnight low, then sweep it down hard to sweep out the low on a stop run. Then back up. Insane, but once you see it...

Now, if my preferred scenario (personal preference) was to unfold, and this was to head down, today's pop would be the stop sweep to the upside, and it's all set to drop. I can hope and wish, can't I? Just because I'm a trader doesn't mean I can't hope and wish, does it?

This was the main set I watched for years, thinking it would end the 'bull'. If it still does, all this push on the line, after the fact, will look 'normal', but here and now it sure looks like it won't hold it back. Start adding warning lines on this and you'll see Armstrong's targets pretty clearly. I am soooooooooo going to hate seeing the ES at 3500 or 4000.

Originally posted by rat89

Click image for original size

The blow off moves in China and Hong Kong just blow my mind. And what if it's not a blow off, but a kick off? Look at FXI and EWH on a daily. It's getting a wee bit crazy out there.

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.