Ursine Progress

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No late start for me this morning; I've been too excited about what the day holds, and I've been grabbing my iPad from the side of the bed through the night to watch the /ES inch lower.

There are a couple of pieces of good news for the bears. First off, the upward trend in EUR has been busted; the notion of an IHS pattern pushing the EUR to 1.31 is off the table.

0820-eur

Second, the first of the three levels I mentioned in my video last night has been broken on the /ES. It's a relatively minor step, but a step nonetheless.

0820-es 

  

I suspect I'll my supplementing some of my better positions today. Good luck to all Slopers.

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