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Short Term Setups
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Short Term Setups

Short Term Setups

by The MoleFebruary 11, 2015

I am running a little late this morning but there’s a lot going on, so let’s get to it. Equities are still near our inflection point but I just noticed that we have additional context courtesy of the weekly panel:

2015-02-11_spoos_briefing

Things are slowly coming into focus here and despite the recent gyrations we can rely on the following:

  1. We are obviously in a sideways range spanning 100 handles between inflection points near 2080 and 1980.
  2. Currently we are painting higher highs and higher lows, that is positive for the bulls.
  3. We have not seen clear rejection but things will have to proceed higher by the EOW.
  4. The weekly panel dons a NLBL at 2082.5 – if we close above that on Friday we’ll have ourselves a weekly buy signal.

2015-02-11_YM_briefing

The YM is offering pretty nice ST context this morning.  I’m already exposed but if you’re looking for entries you may want to use that cluster of NLBLs and be long above YM 17791.

2015-02-11_AUDCAD_briefing

AUD/CAD – long above the NLBL with a stop below 0.974 and change.

More below the fold – please step into my lair:

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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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