Whiplash Wednesday Wrap Up
Whiplash Wednesday Wrap Up
So, you think today’s tape was a bitch to trade? Well, if that’s the case you are obviously not a Zero sub:
Let’s take it one step at a time. I snoozed through the first hour or trading but there was an obvious divergence peaking around 10:50am EST (7:50am on the chart above). A breach through VWAP was quickly bought and I mused via a sticky note that the green line I had drawn (and which is now extended) should hold. And hold it did – we even pushed above VWAP where I again pointed out a slight bearish divergence. I however did not think we would drop through VWAP – again. But we did and as we painted 1315 I extended forward both the green ZL trend line and the red line on the spoos. And both of course were touched and presented us with a sweet long reversal opportunity. I pointed out that the ZL would have to remain positive in order to push the spoos through VWAP and beyond. Which – of course – happened.
So, let me ask you this? Did your fancy stochastic do all that for you today? If so, please send me the settings.
Geronimo enjoyed two winners and one loser today. Unfortunately the last trade got cut off by the clock and I hope that by the time they received the alert my subs were able to eek out a few more ticks than the +4 I put on the record.
There you go, my intrepid stainless steel rats – this proves yet again:
Cheers,
Mole