Just The Facts Ma’am

Alright, I just fixed a bug in the SMS notification module and the evil.rat bros. are ready to face another whipsaw day. Again, I strongly encourage all subscribers to play it small – if you must take signals stick to maybe one or two ITM SPY options (the tutorial covers how to trade those).

Since I’m turning into a pumpkin in about 10 minutes I’ll just stick with the facts tonight:

Despite a plethora of gyrations we really didn’t go anywhere today – thus nothing has changed our wave count of last night:

Momentum is waning and we did bounce off T.K.’s diagonal – I’m actually pissed I didn’t see that one today in all the frenzy and deep hurting (gummy points who gets that reference). So, the Blue scenario would put us somewhere at the onset of Minute {c} of Minor 4 of Intermediate (B) of Primary wave {2}. Our target remains the 795 – 800 region. There are several justifications for this target which I won’t repeat here again – please see my comprehensive Sunday update.

And yes, there is still the possibility of Orange playing out, which assumes that we are in Minute {iii} of Minor 5 of Intermediate (A). The main predicate for this scenario is a breach of the prior February 17 highs (875.63). Our target here also remains the 881-885 region or the 900 mark.

Thus far Gold has remained below 900 which I’m pretty stoked about but I have to confess that the FOMC announcement tomorrow is giving me the willies. However – I have long sworn off trading the news and plan to endure any temporary ugliness courtesy of new interest rate games by Big Ben.

Alright, all I have time for tonight – I see you on the other side. Let’s hope tomorrow will turn out to be a bit less painful than the past two days.

Cheers,

Mole