A Few For The Road
A Few For The Road
Memorial Day weekend is almost upon us and to nobody’s surprise equities have reverted into do-nothing-mode. I actually meant to take the day off but you guys are making way too much noise in the comment section so I relented and parsed for a few goodies for you hard-core rats.
And I’m glad I did – seems we’re going to enjoy an inside day setup starting Monday night (when the futures open). However, that’s actually not the one I’ve been waiting for. What I would rather see is a closer higher which pushes toward that NLSL as that would produce a bonafide Retest Variation Sell setup. Of course if any of the ID triggers are breached next week we’ll take the trade.
Scott has been pimping that RTV Buy on gold and I would like to add that the trigger line is now lining up with a NLBL which will still be valid next Tuesday. IMNSHO that raises the odds a bit, especially since that NLBL lines up with a row of highs.
Three more for my intrepid subs and then it’s Hefeweizen time:
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And that wraps up our week. Thanks for dropping by and enjoy your well deserved Memorial Day weekend!
See you all next week.
Prost!
