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MarcinO
Rep: 67
Posts: 5,506
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.

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6e 2015 05 17 f png


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6e 2015 05 17 2 f png
MA
MarcinO
Rep: 67
Posts: 5,506
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6e 2015 05 19 png
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jimkane
Rep: 3,058
Posts: 33,089
The Euro, as Marcin showed, finally 'let go'. But, we have a smokin' new all-time high in the ES to show for it.
Soon the SHTF, any time now. When it does, well, watch out. Holy cow. Moves like that will likely be happening every few minutes, I think, just like during 'the financial crisis'.
MA
MarcinO
Rep: 67
Posts: 5,506
The next level is just below 1.1050, and this one might be the end of bullish correction.
There is a key, proven line from weekly time frame at this level.
MA
MarcinO
Rep: 67
Posts: 5,506
2127-28 ?

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es 2015 05 19 png
MA
MarcinO
Rep: 67
Posts: 5,506
2122 might have been it and the ES is ready to go.

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es 2015 05 19 2 f png
JI
jimkane
Rep: 3,058
Posts: 33,089
Let's see if the ES is really done and this rollover is for real, or just a trap.
JI
jimkane
Rep: 3,058
Posts: 33,089
If they want to keep it strong, this would be the spot.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at a 1-min chart on Sh#%er, oops, I mean Twitter (TWTR). Pretty funny, huh?
RA
rat89
Rep: 0
Posts: 7,015
213.40 - 212.80 = 1.27 at 213.56

Trap?

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screen shot 2015 05 19 at 2 36 30 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Just nailed the read on the ES.
RA
rat89
Rep: 0
Posts: 7,015
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.