We’ve Got Movement

Despite yesterday’s lottery tickets the odds supported continuation lower and that’s exactly what we got. Early in the morning near the open there was a moment when I thought the bulls still had a chance – yesterday’s lows had held up overnight and we were slowly crawling higher. However shortly after the bell that low was crushed and it’s been a sea of read since. Let’s see where we are and where we may be heading:

2015-05-06_spoos_update

The E-Mini is now touching its 100-day SMA and the easy part of the journey is over. That doesn’t mean it’s the end of the line for the bears. We are most likely going to close below the daily NLSL at 2070.25 and despite a bounce we could easily continue lower afterward. As I’m typing this our current line of defense is the weekly NLSL at 2064 and if that one doesn’t hold we have a stack terminating near 2030. Below that the bulls are quite frankly screwed.

2015-05-06_SPX_PNF

Yesterday I showed you guys this P&F chart and pointed at 2080 as a level to keep your eye on. Well, if we close below that – and the odds are high we do then we’ll finalize a double bottom break down on our SPX P&F chart. The current temporary target is 2020 – my money says we may drop lower. Again, if we bounce right here this may change again. A run back to 2095 would trigger a low pole reversal warning.

Oh – you didn’t see that chart? Probably because you’re not a sub – an unfortunate situation you should remedy! ;-)

2015-05-06_crude_update

Our crude campaign is proceeding according to our nefarious plan. What can I say – we got a perfect entry there and I’m holding this all the way. My trailing stop now advances to 56.07.

2015-05-06_ZB_update

We’re not in this one but bonds have literally fallen off the plate over the past few days. I’m seeing very very soft support here but would not dare taking entries until price confirms that a low may be in place. Anyway, keep an eye on this one. If you’re short – don’t bloody touch it and let your trailing stop take care of you.

2015-05-06_PA_setup

Very very nice setups tonight – I’ll throw one out for free the rest is for the subs only. Palladium – long above 796.80 – my stop goes below today’s lows.

Quite a few more waiting below the fold:


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Did I promise too much? Now let’s go and get that money!

Cheers,

The Big Squeeze

The gloves have officially come off and it’s outright war all across forex as GBP and EUR shorts are systematically being squeezed into oblivion. Very few saw this one coming it seems except for the Mole and his crew of lowly steel rats. Having secured early seats on a fleet of buses it’s all smiles down here at the lair – a rather welcome reward after weeks of pain and patiently waiting our turn in the bullpen. But that’s yesterday’s trades – we’ve got more work to do this morning – so let’s roll up our sleeves and get to it:

2015-04-30_spoos_briefing

The E-Mini – I took an experimental long here as we’re retesting the 2088 mark. I have low expectations of this one working out but it’s a delicious entry and I’m taking it with 1/2R.

2015-04-30_NZDUSD_briefing

NZD/USD – picking over corpses here – that’s right, no mercy! That was one nasty drop and I’m long here with a stop below the previous lows. Again an experimental entry – if you follow me into the abyss don’t risk more than 1/2R.

2015-04-30_ZN_briefing

Bonds – binary inflection point here. I’m currently long and so can you but I would wait for a drop toward 128’120. Below 128’040 the abyss awaits – see the context on the daily.


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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

Freaky Forex Friday

Seems like most of you rats have finally turned into mindless credit card swipin’ shopping bags draggin’ consumer monkeys. Not the Mole – no sireee – all my Christmas shopping is done in July, when the weather doesn’t suck!

australia_christmas

That’s more like it – pass me the Glühwein!! Alright, less of you means more goodies for me and I’m talking juicy short term setups – especially the Forex side is looking rather festive this morning. And unlike Santa the Mole is dishing it out all year – plus I favor you naughty ones.

2014-12-19_PA_briefing

Palladium – looking good here and I already grabbed a long with a stop below 789. With a bit of mojo perhaps that daily NLSL can be reversed today.

2014-12-19_AUDJP_briefing

AUD/JPY – it’s battling that daily NLBL but is also supported by the rising 25-hour SMA. Got to get out of the gate or it’ll slip lower again. I’m long here with a stop below 97.2.

More below – please step into my lair:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

You have been briefed – now have fun but keep it frosty. Depending on participation I’ll do a follow up post this afternoon.

Cheers,




    Zero Indicator


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