Bob’s Your Uncle

It never fails – does it? In the past few years I have adopted an almost religiously contrarian stance in the context of bearish news being dished out by the usual suspects (no names – we all have seen the movie and you know the first rule). When the number of doomsday reports reach a fever pitch (Fed End Game bonanza, Syria saga, naval vessel movements in the gulf,  you name it) then it’s usually the bears who will find themselves being led to the woodshed. This time appears to be no different as we just crossed the Rubicon:

Here’s the volume hole terminating around 1667 and we are trading above it. Barring any late session surprise we are now dipping into increasing volume which is solid until 1700.

Here’s the view on my E-Mini momo chart which has us above the 25-day SMA now. On the weekly panel we are about to sneak past a now expired NLSL. Cheeky monkey!!

Great entry on the NQ this morning – I hope you took it. Who am I kidding – based on the silence I’m seeing in the comment section you guys just missed out on a weekly NLBL breach. A fact I expect you to regret in the coming days and weeks.

Although you guys seem to have been beating with the quiet stick here’s another freebie: Gold now painting an RTV-L which should be good tomorrow if today’s highs are breached.

I ran into a ton of setups today and they are all juicy – so roll up your sleeves and join me in the lair please:

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UPDATE 4:55pm EDT: Sean just pointed out a little disturbance in the force late in the session:

So watch the E-Mini overnight – unfortunately except for the 25-day SMA there’s not much else in terms of support right now.

Public Service Announcement:

All good things eventually come to an end and Sunday marked the final day of the CrazyIvan beta testing program. We’ve come a long way in the past two months and your input has been invaluable. CrazyIvan has become a better product thanks to all of you.

The votes are in and the four winners of our FX poll are: EUR/USD, AUDJPY, AUD/USD, and USD/JPY. Not a big surprise there except for the AUD/JPY wich made second place – and I thought I was the only one who liked it this much. As you already know we’ll also be adding the ZB futures as an additional symbol to both the CrazyIvan.30 and CrazyIvan.480 packages.

Special CrazyIvan Promo: If you sign up for either package by midnight EDT on Wednesday then I’ll add the other one for free. So if you sign up for CrazyIvan.30 I’ll add a free month of CrazyIvan.480 – and of course the reverse. Just send me an email after you signed up and I’ll take care of it.

Hope to see you on the other side.

Cheers,