Summer Solstice

It’s been an extremely busy week for me as you can imagine and quite frankly I’ve hit my target quota and then some. I’ve fed you and my subs a lot of goodies in the past few days and I hope you managed to have your fill. So let’s wrap this week up and enjoy what is left of the longest day of this year:

The 100-day SMA is the most plausible support level right now – quite frankly in terms of context that’s pretty much all there is right now – and if the spoos slip below it things may get very ugly and that quickly. With a bit of luck we may actually paint a hammer by the end of the session – let’s see if buyers remain interested.

Here are today’s Mole signals on the Zero Lite – another great day for swing trading (or scalping) aficionados. If you haven’t considered a Zero subscription then this may wet your appetite – it costs you less than one E-Mini handle – you do the math.

And here is the reason I recommended taking profits on gold yesterday. A long candle outside both daily (and the weekly) Bollinger usually finds a bit of retracement. I’m currently short term long with a stop below that 25-hour SMA. If we breach below then I’ll be back in my casual shorts.

And that’ll have to do for the week – I see you on the other side, all bright eyed and bushy tailed. Next week should be interesting, so get some rest and enjoy your first summer weekend!

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,