The real early bird special was yesterday and I hope you took full advantage of it as we seem to be trading on the right side of the tape thus far. But if you came here for a freebie I shall not disappoint but humbly ask you to first make it to the bottom of this post as we are at a crucial stage in this counter rally. Alright, I was rather skeptical about the odds of a bounce here myself, but then opinions matter little when it comes to timing one. And you already know our prime directive: When in doubt let the charts do the talking.
Wakey Wakey! We’ve got work to do! I just popped up my charts and it seems we have some attractive setups this morning that probably won’t wait around for long. Equities in particular are looking tempting at the moment so grab yourself a cup of java or tea and then let’s get to work.
Forgive me for phoning it in today but I stayed up late last night fixing a few technical issues that sprung up, plus I’m running a few systems simulations today. Equities turned a bit into a hassle yesterday due to Yellen flapping her lips, however despite an instant stop run to the downside sentiment remained solidly bullish as evidenced by participation on our Zero chart.
Smashing entry opportunity in equities this morning as we’re back to whence we came before last week’s NFP disaster. I’ve got to say, that shake out was executed with quite a bit of finesse and as usual our very own Zero indicator provided us with important clues that bear trap #7641 was in the works: