Eur/Usd

The Euro has landed right in the tight range that we had been targetting. Yet the Euro has failed to lift strongly so keep an eye on the unfolding structure. It could be consolidating for another drive downward. Only a secondary higher low would have us buying this and then again initially it would have to have a tight stop.

ES Alternate

We have alerted to the fact that an expanded flat pattern is a viable alternative. Quote from Sunday evenings report, "... since 2/18 we've moved down in a 3 wave sequence, since 3/16 we've moved up in a 3 wave sequence based on overlapping structure. This leads us to thinking that the expanded flat is a viable alternative and we've now down wave 1 down and wave 2 up and we are on the cusp of a fast moving wave 3 down to kickoff the harsh downdraft that typically occurs in an expanded flat". Here is an alternate Fibonacci projection to watch for. Keep in mind that overall volume has been light which is more synonomous with a correction at this point.

ES Update

These are the active Fibs I'm looking at on the ES's at the moment. This bottom should hold and a pull back will offer a nice low risk entry with a stop below the low.

Russell 2K

Initial reversal held and its time to book some profits. Could go a little higher today. My max target for the day is 840.80. But better to be less aggresive and bookem Dan'l! :)

Mark

Russell 2k Possible Long Entry

Russell 2K has made a nice secondary higher low. When picking at small timeframes its very important to place immediate stops.

Mark