Starting it off.

14.00 is the high for the entire move, and 12.50 the overnight high. I can't imagine it not getting both of those soon.

So, they take the overnight high like Grant took Vicksburg, then run it right to 14.00 to the tick, and come in a little. How crazy. Like I said, though, I couldn't imagine they wouldn't get them. I suspect it will go over the 14.00 in due time, either later tonight or in some game tomorrow. Nothing has changed my view that new all-time highs are still the most likely scenario. Of course if it wanted to roll down this is an ideal spot, and there are a million excuses just waiting in the wings to latch on to if they want to roll it.

Originally posted by jimkane

14.00 is the high for the entire move, and 12.50 the overnight high. I can't imagine it not getting both of those soon.

I ignored 1.1420, but it might be a longer stop for the Euro.

My first serious support is, as yesterday, around 1.1330, or a little bit lower.

But one cannot ignore that ABCD in the Euro.

Originally posted by MarcinO

My first serious support is, as yesterday, around 1.1330, or a little bit lower.

"I suspect it will go over the 14.00 in due time, either later tonight or in some game tomorrow." As is is written, so shall it be.

Originally posted by jimkane

So, they take the overnight high like Grant took Vicksburg, then run it right to 14.00 to the tick, and come in a little. How crazy. Like I said, though, I couldn't imagine they wouldn't get them. I suspect it will go over the 14.00 in due time, either later tonight or in some game tomorrow. Nothing has changed my view that new all-time highs are still the most likely scenario. Of course if it wanted to roll down this is an ideal spot, and there are a million excuses just waiting in the wings to latch on to if they want to roll it.

Originally posted by jimkane

14.00 is the high for the entire move, and 12.50 the overnight high. I can't imagine it not getting both of those soon.

I think the ES will likely bounce here a bit.

charts to end the week: