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Knocking On Heaven’s Door
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Knocking On Heaven’s Door

Knocking On Heaven’s Door

by The MoleJune 23, 2015

Guten Morgen! The NQ futures are currently knocking on heaven’s door – i.e. the 4550 mark. The ST panel is looking supportive and DathMole tells me that volatility is about to expand in the coming hours. I’m already long the spoos since yesterday but if you guys aren’t exposed here’s a pretty good opportunity near an important inflection point.

2015-06-23_NQ_briefing

If the NQ drops back through the 25-hour and below 4534 then I’ll try a short position with a stop above 4548.

I only found one more Forex symbol and unfortunately I’ll have to keep that for my intrepid subs. So please grab your secret decoder ring and meet me in the lair:

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UPDATE 3:00pm EDT: Not much to add here this afternoon. Looking at the Zero and total lack of direction I decided to not go short the NQ and simply hold my ES longs, which thus far have not been stopped out. I’ve moved my stop to below the 100-hour SMA which is currently scraping ES 2108. I will take a quick look around but doubt that I’ll see anything worth grabbing before the close. One of those days – plus, it’s summer – plus I have better things to do right now (hint – see graphs posted in the comment section).

Cheers,

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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.
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