JI
jimkane
Rep: 3,058
Posts: 33,089
Kicking' it off. Going to be another exciting week of the same old, same old, I think. Let's see if that late weakness turns into a big drop, or if it does what I think is the highest probability which is setting the new all-time high. Remember, though, this is a monster area with a key backtest on the daily/weekly SPX.
MA
MarcinO
Rep: 67
Posts: 5,506
As you said guys, I missed huge moves at the end of the week.
The Euro might stop between 1.0950 and 1.10. If not, 1.08 is next.
Since this move might be already done for some time, 1.1060, 1.1120 and 1.1150 are worth watching.
With high negative correlation ES is in an opposite position. Current price flow backtest may be all it could give in a short run, but resistance area is wide, reaching low 90s.
Again, if the move up is exhausted, 2028 looks nice (2023 and 2016 are weak alternatives).
The Euro might stop between 1.0950 and 1.10. If not, 1.08 is next.
Since this move might be already done for some time, 1.1060, 1.1120 and 1.1150 are worth watching.
With high negative correlation ES is in an opposite position. Current price flow backtest may be all it could give in a short run, but resistance area is wide, reaching low 90s.
Again, if the move up is exhausted, 2028 looks nice (2023 and 2016 are weak alternatives).
JI
jimkane
Rep: 3,058
Posts: 33,089
I pretty much agree 100% with what this article shows, except I think they have a lot more exposure that is hidden. They still can't, to this day, sort out most of what Enron was actually doing. No way these guys are reporting real numbers, everything they have going on.
http://www.zerohedge.com/news/2015-10-25/just-when-you-thought-wall-streets-heist-couldnt-get-any-crazier
http://www.zerohedge.com/news/2015-10-25/just-when-you-thought-wall-streets-heist-couldnt-get-any-crazier
MA
MarcinO
Rep: 67
Posts: 5,506
Just as an aside. I wouldn't be surprised if they need a larger correction before pushing the Euro lower into 1.0950-1.10 range.
MA
MarcinO
Rep: 67
Posts: 5,506
Small correction was enough, I guess, and tghe Euro wanst to hit 1.0960 today.




