Hey Traders, very bullish today in the markets, initially seemed that markets were going to roll over and look for retracements of the whole rally down below, all that was thrown out the window when “better than expected” economic data and your tax dollars went to work. Here is our good friend 100K contract bar:100kAs…
Category: EC (6E) Euro
Euro currency trading discussions
April 2nd Intraday Analysis
Update 3:38pm EST: target of box trade is exactly 23.6% retrace of the rally 827.25boxtrade Update 3:20PM: 863.50 was tagged and selling off, looking for 837.5 and 831 to trade for further direction Update 3:07pm EST: Failed new high / possible intraday double top would be confirmed by trade below 831. 827.25 is still the…
April 2nd Daily Market Summary
Hey Traders, another day of of pain for the bears today as ES continues to grind higher at all cost (or at taxpayer cost). Since Wednesday’s low all pullbacks have stopped at 23.6% retrace from that low with only one to exactly 38%. I have been calling for a bounce at 827.25 in intraday analysis…
Short Term Euro Support Levels
Good Evening Traders, after such big move in the euro pull back is expected, here are few significant support levels to watch on further pullback. eurosupport1.3355-1.3364 if a fib confluence zone with previous resistance that should serve as support. 1.3317 fib confluence and 50% retracement of the recent rally. Cheers
April 3rd Intraday Analysis
Update 3:30pm EST: daily AL tested again to the tick watch 831-834 range breakout for further clues Update 3:20PM EST: daily AL touched to a tick. Watching for further direction and trend clues. break below 828.5 would be bearish, even though in last half hour technicals tend to go out the window Update 3:05pm EST:…
Key Levels on EC / Euro
Good Afternoon traders, last week euro has traded very nicely in respect to the fibs with few long term ambushes being hit to a tick. Here is a look at Euro DailysecdailyEuro remains in ambush consolidation zone with 200 day moving average now in the short ambush zone. Ambush range expansions have been working very…
Euro Rally Targets
Hey Traders, as pointed out in most recent end of day trend summary, smaller time frame trends were turning up and now all intraday trends up to 120min chart are looking bullish. Shall the rally continue, here are two very high probability resistances/targets for the Euro (EC) that should be considered by anyone long at…
Tuesday March 31st Intraday Futures Analysis
Update 3:45pm EST: Merill and Goldman are simply pounding ES in the SP500 pit. Next Support @791.25 – 50% ambush from yesterday’s low Update 3:36pm EST: Who could have thought, made it right to the bottom of the channel and tagged the 796.5 level to a tick! Update 3:15pm EST: ES is pulling back from…
Early April Fools Joke’s on the Bulls
Update 3:02am:Ambush level to watch 793.25 , from Tuesday highs to overnight lows:793251 That 793.25 level on ES is also previous support on the way down towards the close, break above 796.5 makes retest of 803-809 ambush zone much more likely Good Evening, here is a quick nocturnal trader update, no new set ups have…
April 1st Intraday Futures Analysis
Closing Bell: Closed at the highs, another nutty day in this market. Update 3:52pm EST: Another new high followed by higher high with no high $tick. Last 23 minutes should be interesting. EC seems to have paused in daily ambush zone. Update 3:27 pm EST: EC/6E 1.324 is daily 50% , watch for reaction in…