Another huge gap up open, above yesterday's high, so maybe the gap won't be filled? I don't know. Global ES looks like a Double Bottom formed or breakout of a consolidation area, so not bad. The only problem I see is NQ is weaker. NQ usually leads, but still we'll have to wait and see as there's no 100% correct indicators.
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GM,
these are 2 charts, one of them was my last chart yesturday with comment " Show Time "
and the 2nd is today's breakout
now, as long as the EUR futures above today's low, then the target at least 100 pips from here, keep in mind that whenever the EUR is below 142.50 then Dow will follow EUR movement, but if EUR above 143.00 then not always Dow follow
For the Dollar traders I have been reading where the dollar is now near bottom and going to 80.Then I read another article that the dollar is heading dn to 72 area.I don't trade the dollar so I guess its just like everything else,take your pick and run with it.
FFIV: some levels of support.
TA wizards were already short and exited at 100% extension….Turkeys will go now short to squeeze the blood out of the stone…Very choppy intraday…
One of the rare situations in which EW might be worth watching. I would not go long until the w1 to w5 (red) sequence would look complete…