It’s been a tough week for me (Stripey’s passing and more) and I hope you can forgive me if I’m going to be brief today. We are near an inflection point which I however wanted to share before I call it a week:
The hourly spoos are testing the 100-hour SMA again and that’s interesting for many reasons. First we have two NLBLs hanging right above. If we breach those we are lined up for an acceleration higher as we are also painting an inverse H&S formation. So this could get really interesting, especially if it happens after hours. So if you’re bullish here wait for 1407 and Bob’s your uncle.
The daily is supporting [...]
We’re getting a lot of very educational Zero sessions lately which is a good opportunity to get all the noobs up to speed. Yes, you could watch all the old ones – but I who am I kidding – anything older these days is considered an antiquity by you spoiled kids. That’s right – get off my damn lawn!
Not a very exciting session by any measure but a good learning experience if you are not used to handling what I call the ‘slow burn’. Usually you get a small divergence but things could still fall apart – like yesterday. But then things level off – the signal goes quiet – and quiet has not been good to the bears in [...]
Today I’m going to go Japanese on you guys as Yen setups seem to be on the all you can eat menu. But before we venture to the Forex side here’s a quick reminder of where to expect support should the SPX continue lower today or tomorrow:
1380 still stands as we only dropped to ES 1386.25 today. The fat lady hasn’t sung yet and we just pushed above VWAP – it’s yet unclear if this is a floor attempt or if we’ll see more downside. FYI – the Zero signal is rather weak and I don’t see the bears getting any gold stars for effort here.
That EUR/JPY trade I posted on Tuesday paid off handsomely but we are now [...]
Great opportunity to show you a textbook shake’n fake setup and how to play it with the Zero:
And there you have it folks – that was a nice divergence right when things looked like they would fall off the plate. Fooling some retail rats may be easy but pulling a fast one on the Zero is another story. If you prefer to fly blind – hey, that’s on you 😉
The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your [...]