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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
MA
MarcinO
Rep: 67
Posts: 5,506
The Euro saw 1.1150 on Friday. If this the low my next area up is at 1.1320.

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6e 2015 08 30 png
MA
MarcinO
Rep: 67
Posts: 5,506
And 1.1260 is a management zone for the supposed move to 1.1320.

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6e 2015 08 30 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
ES rolling right off the key area. Will it start heading back down for the 'retest' now? Or up and over after a shallow checkback? I'm leaning towards the selling. We'll see.
RA
rat89
Rep: 0
Posts: 7,015
who knows, but I built up a position in spxu and tza Friday for a rainy day...
JI
jimkane
Rep: 3,058
Posts: 33,089
I give it a moderate chance it will bounce here from this 59.25 level with this little 'retest' here.
JI
jimkane
Rep: 3,058
Posts: 33,089
That sounds like a very sensible play that I can get behind. Everyone knows me and my love of puts...



Originally posted by rat89

who knows, but I built up a position in spxu and tza Friday for a rainy day...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, time to pop.
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep.

Originally posted by jimkane

Okay, time to pop.
MA
MarcinO
Rep: 67
Posts: 5,506
1.1260 hit and here comes a reaction.
Originally posted by MarcinO

And 1.1260 is a management zone for the supposed move to 1.1320.

MA
MarcinO
Rep: 67
Posts: 5,506
The bullish correction looks done. I'm waiting for 1.1320 with beer in my hand.
JI
jimkane
Rep: 3,058
Posts: 33,089
Bye-bye, Euro. Bye-bye.

http://www.armstrongeconomics.com/archives/36850