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:

ES_COMP

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

DAX_longterm

EURO current balance High volume node 1.3530

EURO_plain

The ES daily chart reminds me of early August 2011:

aug2011

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

aug20112

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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