After spot market clouse the Euro gave a 35 reaction off the area posted on Friday, but I would expect a little more down.
The Cable is also in a very distinctive area, defined clearly by basic KT tools.

Otherwise, my levels are 28.50 and 33.50, with the latter a much more significant area.

Here they come. Yawn. Ho-hum. Same old, same old.

First area hit.

Let's see if it blasts through. The best timing for the second area is like ASAFP. So, a blast is not off the table. But, this area here could be it, so don't count your chickens before they're hatched.

.382/.447 overlap in this area. But it only matters if the downtrend here is strong and immediate continuation is in the cards.

It's amazing how 28.75 stopped it dead, and is now continuing the checkback. Watch for a little bullish ABCD in here to see if they have any plans for another leg or not. It might just sell down hard.

Originally posted by jimkane

Otherwise, my levels are 28.50 and 33.50, with the latter a much more significant area.

The funny part is I just eyeballed my areas quickly for that post, the .382 and .447 are 28.77 and 28.80 i.e.28.75, not 28.50. Crazy.

And there's the hard selling.

Watch 23.75 and this key line, but otherwise, swoooooooooooooooooosh is on the table.

I'd expect just a takeout of the LOD, then we see. This is set up perfectly, in terms of other technical factors, for a sweep.

What more could you wish for? A return of roofer would round it out nicely. Anyway, it is far better to have three focused traders than a chat room full of noise. This week was another killer week, can't wait for next week ;)

Originally posted by jimkane

What a triumvirate we have in here. In a Jamaican accent (imitating the guy in the movie Cool Runnings) -

We got de:

One Jim, shakin' it down on the ES intraday

We got de one Rat, killin' the stocks and ETF's

And last but not least we got de one Marcin, dominating the Euro for all to see.


All discussed in advance, pretty much day in and day out. Yeah, this ain't the coolest forum ever.