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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.
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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.

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6e 2015 10 25 png


Since this move might be already done for some time, 1.1060, 1.1120 and 1.1150 are worth watching.

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6e 2015 10 25 2 png


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.

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es 2015 10 25 png


Again, if the move up is exhausted, 2028 looks nice (2023 and 2016 are weak alternatives).

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es 2015 10 25 2 png
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jimkane
Rep: 3,058
Posts: 33,089
Nice assessments/charts, Marcin
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jimkane
Rep: 3,058
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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
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MarcinO
Rep: 67
Posts: 5,506
Local high at 1.064 and nice reaction, as expected.
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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.
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MarcinO
Rep: 67
Posts: 5,506
68-69 and down?

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es 2015 10 26 png
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MarcinO
Rep: 67
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Small correction was enough, I guess, and tghe Euro wanst to hit 1.0960 today.
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MarcinO
Rep: 67
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Nice reaction so far. 58 might pose a problem.
Originally posted by MarcinO

68-69 and down?


RA
rat89
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Posts: 7,015
nice charts marcin ;)
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MarcinO
Rep: 67
Posts: 5,506
Thanks, rat. We will see how they work.
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jimkane
Rep: 3,058
Posts: 33,089
PCLN not only hit another new all-time high today, it is pushing up on 1,500 a share. You read that right. Until this nonsense stops, the 'bull' isn't done, in my opinion.