Kickin' it off.

I still think that we will see the Euro at 1.066 this week and if that level doesn't hold, there is a pretty confluence around 1.02.
BTW, I have also found some nice, short- and midterm lines coming together around 1.075, shown by mreiserer.

Agreed MarcinO. I wish we could show the big picture but it will have to fight its way down through some tough resistance

ES is at substantial rseistance since February making nominal new highs, but without a decisive breakthrough. The structure of this top is very, very similar to the one that used to send the Euro down a month or two ago. That all makes me think that a correction is coming.
My level is about 2121. Another scenario, not shown here, is that first they will send it up to 2170-90, to intersection of two log term lines, coming from weekly chart, and then drop it. I realize it's a b^!!$#!t market so the odds are not in favour of shorting,but just want to be ready and give it a try after some confirmation.

Right and I can't imagine hitting 1.02 first and then coming back above 1.2, the latter still being desirable scenario for me.
So probably they will stop it on your area or mine, around 1.07.

Originally posted by mreiserer

Agreed MarcinO. I wish we could show the big picture but it will have to fight its way down through some tough resistance

Click image for original size

ES ready to roll over off the area posted yesterday?

Swooooooosh

2100 today?

abcd?

on the other hand:

31.33 - 49.60 = 1.27 at 26.40

ES still rising in the little Friday 'after futures close' session.