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Thursday, April 14, 2011

Eur/Usd Update


The euro's structure is still bullish but its coming into some strong timing in the next couple sessions so be aware that a change could happen! The diatonic Sol note comes in 1:00 am EST and a strong Fib 1:1 ratio comes in 0n 4/17. So Friday and the open on Sunday is a time to watch! At this point will the bullish structure override the timing? As they say time will tell, "no pun intended"!

ES internals


Never trade against the engine that drives the market! The bounce was well announced on the market internals! :)

ES's update


The es's stopped and turned right on the price projection of the 261.8% Fib level! 7 corrective waves down, but booking some profits to make sure I keep the lions share! :) Nice bounce so far but like all bounces especially after the first inflection I'd be looking for deep retracement!

S&P Futures



The ES's are at a critical level. Any break below 1296.50 would mean that the larger degree B waves is underway. Or we may support at this area and make a run to a new high!

Wednesday, April 13, 2011

S&P Futures


We are either at support or we can remain rangebound for the next couple trading sessions which would mean more downside. Any break below 1296.50 means we are eventually going lower. If supported above that then a new high will be printed! :)

Eur/Usd Update


The Euro is on a relentless move up but since the last larger degree correction we have 9 waves in at today's high. With that said its time to tighten up the stops on long positions. Only a secondary lower high would signal a sell signal and that would be one with a tight stop because the main trend has been up! Personally I'm looking for a secondary lower high to sell into at this point. Timing is coming in at the red vertical lines. The 1.4525 area could halt the move up for some corrective action!

Sunday, April 10, 2011

Russell 2K


The Russell 2000 perfectly bottomed on the sqrt of 10 on Friday as the Es's bottomed on the 61.8% Fibonacci projection. Lovin the correlation!

Eur/Usd Update


Last update of a 1:1 Fibonacci Ratio worked perfectly to the pip, :). We are now most likely in the sweet spot of a 3rd wave and should remain bullish till the 15th or 16th of April before we get some consolidation!

Es's Update


If the Es's can mainting the 61.8% we will see a new high in short order. If not then look out below!