EUR/USD

Got long this morning with a 1.32400 stop-loss. First take profit level up in the 1.34200 area.

Current Price: 1.32700
Risk: 30 pips
Reward: 150 pips
R/R: 0.2

1 Lot Risk $300.00
1 Lot Reward $1500.00

Setup Chart:

QQQ

Q's should take a little break before hitting the target zone of 99.20-100

Turnaround Tuesday...

SP-500

The drop lasted around 10 days, so if we are in a correction, we should expect it to last .618*10 or 1*10 days which puts the reversal zone from Friday, August 15th to Wednesday, August 20th. The price zone should be 1950-60 with a buy stop at 1965.

What to Watch For

A retrace over the 61.8 retracement at 1958 and change (I round up and call it 1960) increases the odds of a new high to 85%. The plan is to reshort against 1965 (I give it some room) with a buy stop at 1965.01.

SP-500 Projection for wave 4

PS Introducing Chase James

July 25th, 2014

0040 or 12:40 AM birth time, and not sleeping since Wednesday night for an hour, don't judge us.

F this.

DJIA & USD/JPY Market Maps

Relief rally next week.

RUT OUTLOOK