On Friday evening the Euro stopped at 1.1368 December contract basis, right at AOC.
My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.



But before that it the most likely scenario in my opinion is a correction to 1.1280-90.

An alternative leve is at 1.1250, but it's less likely, I guess.

After one more push up to 1.1377 everything is linig up even better at 1.1280-90 now. Which of course doesn't imply it's gonna get there.

The old 'gun up the Euro in the hour before the market opens' deal. It looks like it wants to run some more, though. Yeah, I suspect it's going to run a bit.

This ES long is a monster so far. Look at that.

Nothing like the KZ, eh?

First ES trouble spot here around 58. Let's see if they are serious.

It needed to go deeper into the zone (70ies on September baisis) and is falling nicely now.

Originally posted by jimkane

The old 'gun up the Euro in the hour before the market opens' deal. It looks like it wants to run some more, though. Yeah, I suspect it's going to run a bit.

1.1280 is still a play, but 1.13 support grew stronger after those new highs.

I think this thing is just a giant energy coil, waiting on the Fed decision to decide which way to break. I think it is possible if they don't raise rates, and don't make it sound like it is imminent, then the DOW jumps up like 700 points immediately (right after the announcement and perhaps the day after, maybe a little longer, but I'm thinking not). This would be, coincidentally, the breakdown level. If they raise I think it will crater and the ES will take out that 1831 low with ease. Just my two cents...

Originally posted by rat89

I have a slightly better picture you would love, but cropped for mixed company so we don't get censored ;)

Originally posted by rat89

Click image for original size