Rational Ambivalence
Rational Ambivalence
Finally we are correcting a little. Don’t get me wrong – I rarely tire of banking coin but we need to see at least an obligatory correction before the Santa season hits late this month. My NQ campaign was obviously stopped out (with ample profits) and that still leaves the ES campaign which I have been trailing via Net-Lines and spike lows:
Which means I’m currently drawing the line a tick below 2020.5 which would still leave me in the plus 12R. If we drop below that then it’ll be difficult to suggest support levels. We have been rising like a rocket and there is very little context below. I think we need to see a bit more tape here – so far it’s been pretty lackluster.
NZD/USD is starting to look like a possible floor – weeks of pain after a very solid down trend. Now it’s peeked above the 25-day SMA plus a NLBL which has me long right here with a stop below yesterday’s lows.
Two more goodies below the fold, please join me in the lair:
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Cheers,
