On Friday the Euro hit new high at 1.1470 as expected.
Apart from geometries shown below the structure of the move, let's say on M60, is very similar to patterns that has preceded previous correction recently.
It might be current level that will stop it for some time or 1.1520 after one more move up. If these areas don't hold the next serious level before low 20s is about 1.1750.

I was going to ask by who but I remembered the forum has built in screening for curse words. It has been very frustrating because it picks them up in URL's, too, and I couldn't post a few links over the years because they had 'bad' words in the links.

Euro above 1.12.
1.1240 is a nice zone, but given size of the moves recently I wouldn't be surprised to see Euro at 1.1280-1.13 today/

Originally posted by MarcinO

1.1050 (well without 16 pips, I have to admit

) works up to now. Volume at this support is enormous, as if they want to absorb all short positions, so I guess we will see 1.1240 tomorrow morning.

1.1215 was all it could do. I'm really surprised that 1.1050 didn't hold. Even after such a massive selling I thought this support would work.

Yeah, that CPI report kicked it off.

Originally posted by MarcinO

1.1215 was all it could do. I'm really surprised that 1.1050 didn't hold. Even after such a massive selling I thought this support would work.

Click image for original size

Yeah, rat, those charts scream explode or roll to me.

Nice, scary shakeout into a bullish ABCD. It is set up for the Friday into the close run now. But, will they do it? I'm not sure. Usually the read for this is very clear (the Friday into the close run), but not so much right now.

Two of my big plays mentioned yesterday, SHAK and SHOP, are both up huge today. Now these are great fundamental plays, IMO. This is the good stuff. I should add to my tens and tens of thousands of shares, even at these new all-time highs. I think they are both going to trading over 1,000 very soon. And worth every penny if it.

ES looks ready to come out of this nearly hour long 1.00-1.25 point range. I expect it to be to the downside. The question is, sweep down and snap up into the close, or genuine down? I think the former is more likely. We'll see. On the other hand, how about just up? That would be odd, to not take advantage of some suckers first.

Likely means less than zero, but it is interesting.

http://www.zerohedge.com/news/2015-05-22/two-ominous-stock-market-charts

they had everyone waiting for that area just overhead where there are half a dozen fibs, but just couldn't get there yesterday. I was surprised by that, and thought they would manage it today. It's very possible it's set up for a gap and go to the downside Tuesday.