Update 3:15pm EST:
After getting new low $TICK of the day, started rolling over, with support at daily 50% line of 918.75. Below there daily lows.
p.s.
feel free to follow me on twitter as I often post stuff on there that i dont have time to post on blog and also trade 🙂
Update 2:51pm EST:
Euro and ES continue to have a monster day. Looking for high $Tick clue at these levels on es.
Not worth jumping in front of this. 910.75 was THE play of the day, now a little too late to the party.
Update 2:15pm EST:
ES is rocking to new highs, aboveR1 and 829.5 rally highs/ gap fill nothing left till about 940 January highs and 200dma at 951. Last 2 hours on Friday, might just have to leave this market alone for the week. Be careful if you do choose to trade.
Update 1:45 pm EST:
if recent high holds, watching 916.75 ambush on the way down for further direction
resistance levels from before still the same
Update 12:15 pm EST:
after ambush was broken ES is heading for the highs with R1 925 right above, with overall rally highs at 929.50.
p.s.
when you see me in the club tonight, dont forget to buy me a drink for that 910.70 call ;).. alright enough gloating
WTF?!?!? why are Globes FX Futures down … while i’m in a position… must be a sign to be done for the day
Update 11:15am EST:
916.75 is 50% line from the highs, that ambush zone is key level to watch for possible break out to the highs, 910.75 remains support on the downside.
WHY ARE YOU STILL HERE?!?!?!?
IN TODAYS INTRADAY UPDATES ALONE THERE ARE 200+ pips in BOUNCES ON THE EURO AND QUIET A FEW ES POINTS!!! GO ENJOY THIS NICE DAY ADDICTS
(I will still be posting updates, working on fighting greed and euphoria)
Update 10:26am EST:
After getting super slapped by 200dma 😉 euro is plunging, support expected at 1.3427 50% fib from overnight lows.
ES testing that fib from previous update
Update 10:07am EST:
ambush from yesterdays low at 910.75 after new high
Update 9:51am EST:
Watching R1 and 929.5 rally highs.
Update 8:41 am EST:
If 922.5 holds 910.25 is key 50% retracement in pivot point area to watch for direction
Update 8:16 am EST:
Job Numbers at 830am, be careful
Euro continues to rally and is not too far from key level of top of the channel and 200 dma, that level will be key in determining further direction
Update 6:35 am EST:
Keeping an eye on the R1, yesterday traded above it pre market, and briefly at the open and never looked back after.
| R2 | 943.00 |
| R1 | 925.00 |
| PP | 911.50 |
| S1 | 893.50 |
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Good Morning Traders,
Another false hope for the bears, as the futures are up 10 pts (6am est) in anticipation of the economic date later this morning
Euro penetrated top of ambush range suggesting further market bullishness, high probability stab at a long would be ambush from yesterdays lows.
Have to be careful trading around the open considering the news.
Euro is approaching 50% retracement from the nightly lows at 1.3385. Will be watching that level closely along with the channel from Daily Euro Currency update from earlier.
Good luck and good trading to all
Vlad