Well Positioned But Skeptical
Well Positioned But Skeptical
I’m a bit on the fence when it comes to equities today. Although this morning’s NQ entry (or the one on the spoos if you weren’t a sub) played out very nicely thus far, I’m not convinced that this isn’t just yet another fake out spike before it turns on a dime again. So call me positioned in the right direction but skeptical – for now.
This is the general thorn in my eye and it’s also present on the EUR/JPY: a pretty juicy divergence which however has not managed to exert gravity just yet. FWIW – there’s nothing divergent on my ST volatility and momo charts.
And that’s where I got in as per this morning’s evil plan – 1/2R at the second touch of the IP trigger this morning and another 1/2R when it pushed above 3600. On the spoos it also was an IP and I proposed the second half R above 1880.
Speaking of which – seems like we’re back at the 100-hour SMA and that is where we’re currently running into a bit of resistance. Let’s see how the EOD plays out….
Nice setups today but since I don’t see you leeches being active I’ll keep them all for my intrepid subs 😉
It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.
Please login or subscribe here to see the remainder of this post.
Cheers,
