I’m going to come right to the point today – as things are unfolding rather quickly I am afraid that my setups may not stay in place for long. Before we get to our Monday blue plate specials let’s take a quick look at my SPX P&F chart which looks primed to the hilt:
My subs saw this chart yesterday with quite a bit more details on various support clusters. In essence 1313 is an important inflection point – if breached it will most likely lead us much lower.
The spoos show us a last kiss goodbye to our current NLSL – unfortunately we do have support looming in the near vicinity. However, I think that a breach of SPX 1310 [...]
Knowing how puritan you yanks all are I had to find a non insulting picture as to protect your precious feelings:
And there you have it – hope this will keep the sexual harassment suits to a minimum this time. By the way if you log in from Germany you’ll actually see a naughty Swedish duo dressed up in leather and equipped with whips and a gallon of motor oil used as lubricant.
Anyway, just for shits and giggles I’m starting a new theme here which I call the FX Kama Sutra – this should make a valuable addition to your currency aficionados out there and hopefully will bank us all some might coin. Plus it’s a great opportunity to drag [...]
Since a lot of folks appear to be shell shocked after today’s massive plunger in equities I thought I may interest you in a few futures setups. How about it? I’ll give you one for free – the other two are subs only:
Cocoa looks a bit extended and I would not usually play this daily setup. However there is a nice net-lines cluster on the hourly and if you’re in Europe or Asia this may be a great way to get positioned. Go long on a close above the NLBL, then put a stop slightly below – I’ll leave that in your capable hands. OR go short on a breach of the hourly NLSL – same game, just the inverse. What makes this particularly [...]
The pickings were a bit slim but I did my best to hunt down some long victims. As I’m running out of time with only 20 minutes to go I suggest we get right to it, but here’s one chart I wanted everyone to see:
I’m not trading FXE but if I was this may start look like the beginning of a floor pattern. Remember when I advised you all to watch the currency markets? Well I suggest you keep an eye on this one – a drop below the recent lows of 135.02 would be very bearish but if it holds we could see a counter rally.
Okay, now on to the victims: [amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you [...]