The Euro is pretty likely going to hit 1.1320 tomorrow at London open. This level might be not enough to stop it, and in that case 1.1240-50 should be next.

And the futures reopen and hit... 54.50. Another new high for the entire move. Like I said yesterday, I can't see anything but up. I'm curious how it handles the backtest area and the 'overhead supply', but I'm not seeing anything to stop this.

Still rising. Another new high for the entire move. This thing is relentless.

AMZN is exploding in the aftermarket on earnings of 17 cents a share. Not dollars, cents. That makes the P/E 934 at the high there by my calculations. It's up about 80 dollars, way, way past new all-time highs. I need to get me 100,000 shares at this new price. Here's some details.

http://market-ticker.org/akcs-www?post=230820

Like I said, as long as we see this kind of nonsense, this 'bull' isn't done.

I'd like to see AMZN hit 700 tomorrow. I think that would be reasonable. The P/E would be about 1030, but I think that's also very reasonable. The sky's the limit from there, I think.

MSFT and GOOGL are also exploding and smokin' right now. GOOGL a new all-time high, MSFT a new high for the 'bull' and getting close to the tech bubble high. This thing is getting ready to run.

makes a lot of sense

Originally posted by jimkane

Wow. I have some stuff at 54.50, based on degree of swing and other such recent discoveries. These indicate to me possible areas based on the move underway. It burst up to 54.00 into the futures close! This is now deep into the daily/weekly backtest area.

I have some thoughts here. The reason I think it is so strong in the face of these smaller timeframe areas is because there is really not much here until the higher timeframe areas come in. These areas are really like 'exhaustion areas' in the short-term. No areas from the higher timeframe, no real reason to slow down.

Now, there is insane 'overhead supply', and in 'the old days' that would be nigh impossible to overcome, or it would take a long time to chew through it all. And I mean a long time. Nowadays, if the machines want to overcome it all in a few days, they can do it with ease. Why (in my opinion)? Because there is no 'overhead supply' whatsoever. We have a chart formation that, for over a hundred years, indicated 'overhead supply'. Nowadays it almost surely does not indicate that one iota.

So, it won't be something to slog through, it will be like it doesn't exist (because it doesn't). Therefore, I think this could be at new all-time highs in a few days if they wanted it. I think it will spend more time doing it, but I'm just saying, we are sitting within range as we speak. My two cents, anyway.

Another big pump up in the ES and NQ when futures reopened. I can't imagine tomorrow, a Friday, being anything but strong up. And if so, I'd think Sunday night/Monday would follow. We actually have a shot at those all-time highs this upcoming week, I think.

spx 2135 - 1867 = .786 at 2077. Fascinating area. Time really comes into play here and into late next week, just in time for the fed.

S&P cash index ran right to my key area today. Its backtest is a bit higher than what I have for the ES, and it hit is solid today (the ES went through its own area a bit). I seriously doubt it will matter one bit, but it's interesting to see. This area is dead on what rat shows in his chart. We shall see.

I'd love to hear move about that. That thing is trading say 27 now, but at its peak was 489,600. I'd say it's down a little. What is it leveraged to, like 100 to 1, when you convert from VIX futures to SPX?

Originally posted by rat89

I'm experimenting with using the spx/ spy triggers to trade uvxy, based on work that roofer did a while back. The damn thing will knock your socks off if you're wrong. It's an animal.