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jimkane
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Now, from a trading standpoint, the next major key area they'd want to game is that 14.75 high so far for the entire move. The question is, do they save it? I think they could get it easy today, but a lot of times they like to save thing, hit one thing at a time. I suspect they may approach, then bring it back in during the overnight into the AM, then up and over tomorrow, either into the Friday close, or just run up big into the Friday close after taking it out early. Just some thoughts.
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jimkane
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Down 133 pips by my data at the low there. Market up, Euro down.
Originally posted by MarcinO
The Euro hit TL on daily and gave back 70 pips. Right now it's testing key price flow at 1.1440, which may send it up again.
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jimkane
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It needs to come in really bad, and this is a good spot for it. But, it would surely lose this frenzy momentum if it does so here. This will be interesting. I'm cautious in here.
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jimkane
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They can't get enough of the banks today. I guess JPM having horrible earnings and guidance, and Blankfein (as well as Dimon) having cancer, well, that's all good news. Up, up, and away.
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jimkane
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Too funny. Same thing I ask every day.
"The economic numbers released yesterday can best be described with a reference to wheels falling off the bus. And it wasn’t just retail sales and PPI in the U.S. but numbers from around the world, including China. So, of course, when I woke up this morning the obvious first question to ask was, how much are equities up?"
Source: http://www.zerohedge.com/news/2015-10-15/groundhog-day-i-woke-morning-after-horrible-economic-news-and-first-question-was-how
"The economic numbers released yesterday can best be described with a reference to wheels falling off the bus. And it wasn’t just retail sales and PPI in the U.S. but numbers from around the world, including China. So, of course, when I woke up this morning the obvious first question to ask was, how much are equities up?"
Source: http://www.zerohedge.com/news/2015-10-15/groundhog-day-i-woke-morning-after-horrible-economic-news-and-first-question-was-how
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jimkane
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They do look like they at least want to bet close to that swing-high today. But, this is a bearish ABCD 'W2' looking thing here, so maybe they come in off that, suck everyone in, then up and over and explode. My best 'guess' is they ignore it, get close to that high, bring it in overnight, then explode it on Friday. My super, super key line comes in around 13.00, and the high is at 14.75. I can see how it might play out. On the other hand, it might just blast over... You never know with these maniacs.
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MarcinO
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Yep. Only small reaction off that level and down again.
Originally posted by jimkane
Down 133 pips by my data at the low there. Market up, Euro down.
Originally posted by MarcinO
The Euro hit TL on daily and gave back 70 pips. Right now it's testing key price flow at 1.1440, which may send it up again.
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jimkane
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Posts: 33,089
13.25 draws a reaction on the tick/1-min chart. Let's see if this is the approach and now back off I suspected, or if they come right back in and blast off. It's possible they just go over, then bring it in, but why waste it now? If they go over now, I'd expect it to keep running.
