ES, EUR, DAX : daily charts

Some important levels being tested today:

ES failure at 1770’s looks like 1752. This is the lower end of the monthly 90 pts ATR from 1840:


DAX gave back the gains from the low volume December push. Coming back to top of prior balance.


EURO current balance High volume node 1.3530


The ES daily chart reminds me of early August 2011:


Back then we had 100 pt daily range and 80 handle facerippers:


Just goes to show that you cannot overstay one side for too long as the market does not move in a straight line. As the saying goes “bulls go up the stairs, bears jump out the window”.


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