The Quiet Before The Storm

I’m getting pretty giddy down here in the lair for two reasons. First and foremost – it’s been super quiet in the comment section! Although it’s Veteran’s Day in the U.S. today I think it’s rather obvious that retail has reached its exhaustion point after having been whipsawed into oblivion for weeks now. And what’s bad for the blog usually benefits the trading end of my nefarious little operation.

Because if history is any indicator then big moves are looming on the horizon. The second reason why I’m donning a pretty silly grin today is the sheer flood of superb inflection points I came across. This is pure manna from heaven after weeks of having to wait on the sidelines. Remember all those days when I told you to wait things out and to preserve your energy for a better day? Well, this is NOT one of those days – we are ready to strike and strike we will!

This morning I already pointed out the 1770 inflection point on the spoos. After two sharply trending days it’s not surprising to still see us trade below it – this is to be expected while institutional traders accumulate before they push things into third gear. Which way it’ll go you ask? I have not the slightest idea but frankly a crystal ball is not necessary as we are short until 1770 and long above it. Thus far our inflection point has been observed nicely which once again suggests that successful trading does not have to be difficult.

Alright we have plenty on our plate today – let’s dig in. I’ll be quick to get this post out of the door and all charts are more or less self-explanatory.

NQ – same setup as this morning – once again our NLBL has held up famously. This formation looks a bit like a RTV-S but however it is NOT. I can’t really put a label on it but everything in me screams that we’ll see a big move here soon. Let’s try to jump onto the right bus, shall we?

The Dollar is touching its 100-day SMA and we are graced with a beautiful inside period. Perfect inflection point – triggers on the chart.

EUR/USD – double inside day and it’s not the only one today. Excellent context here as shown on the left panel.

But we are just getting warmed up – plenty of goodies below. Please step into my lair:

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Cheers,