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Slipper Monday Wrap Up
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Slipper Monday Wrap Up

Slipper Monday Wrap Up

by The MoleJuly 18, 2011

And so we continue our slippery slope down that diagonal support line on the SPX (see my previous post). Here’s the Zero wrap up on the spoos:

Not much to add here – the 1300 mark holds for now thanks to some hefty dip buying mid session. I’m however not impressed by the session’s mojo – the Zero was clearly signaling on the bearish side and the longs pulled it out of the fire at the last moment. We are now at an inflection point that will determine the trend of the second half of this year. Stay tuned.

Cheers,

Mole

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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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