Now Reading
Bouncy Bouncy 2.0
441

Bouncy Bouncy 2.0

Bouncy Bouncy 2.0

by The MoleJune 17, 2009

10:04am EDT: Oh, 912 wasn’t good enough for you, huh?

Alright – I see a wall of support underneath and of course the 900 mark is psychologically sensitive to those simple minded mouth breathers. Of course – nothing is guaranteed – if we breach through 900 I have my eyes set on 880.

If you were short all the way to here count your blessings and buy back into weakness. I for one will do exactly nothing right now – this is the time to wait – not to trade.

10:48am EDT: Wow, ES futures just dropped below 900 for a few seconds. I don’t see a divergence in the Zero – it’s looking bad for the bulls.

10:53am EDT: So far we’re holding – the ES touched its S1 pivot with one tick and then bounced back. So, 899.25 on the ES should pose some support for now.

11:19am EDT: ES is at VWAP now – trying to push above 905. If it succeeds (after the obligatory head/down fakes) we might actually see a rally today. FYI – NQ is leading – already way above its VWAP – it’s looking better for the bulls.

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator