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Bull Versus Bear
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Bull Versus Bear

by The MoleApril 3, 2018

Once again we are staring down the abyss and given a decade filled with bearish disappointments it’s easy to resort to recency bias and once again expect a long reversal. And right out of the gate let me assure you that the odds probably still favor the bulls here.

BUT, and it’s a big but as you can see – the bears do have a small but real chance right now and right here to inflict some major damage. As always the Mole doesn’t make lofty claims without backing them up with a bit of technical evidence. So if you don’t mind – shall we?

Let’s start with the low hanging fruit which is the Zero which I consider the ultimate market participation indicator.Β Clearly the Friday session was nothing but a massive sell off and we can see ever increasing selling pressure on the right 5-min signal.

Yesterday however there were hints that buying pressure was making itself felt again, especially into the close. The E-Mini has managed to cling to its meager gains overnight and we may see a more confident push higher during today’s session.

That said, until ES 2650 is breached any rips higher IMO are nothing but short selling opportunities. The odds for conclusion may be low but the payoff could be massive.

BTW, if you’re not a Zero or Gold sub then now would be a great time to remedy this unfortunate situation. Point your browser here to get access to more in-depth market analysis and many juicy setups on a daily basis.

Okay, now that I told you the how let me show you the why.

Let me start you off with the most bullish momo chart in my current arsenal. The VIX:VXV ratio over the past few years and usually I use that one for long reversals. Except that there isn’t one right now, given that the upper BB has punched so much higher.

What I’m seeing however here is a formation that in 2015 which resembles today’s quite a bit. The main difference is that what preceded the prior one was a lot less exuberant than what we saw all the way into late 2017.

And of course that in some ways also bolsters the bearish case, but it would be foolish to discard the fact that a similar formation resulted in a massive short squeeze that lasted almost a month.

The same ratio but this time a little zoomed in and inverted, so we are looking at the VXV:VIX. The reason why I do that is that it better visualizes the type of formations I’m mostly interested in. And in this case what I am interested in are long reversal opportunities.

Do we have one right now? We sort of got one over a week ago but it was reversed this week by another dip < the lower BB. That’s pretty damn bearish if you’d ask me. Which you do by reading this I guess πŸ˜‰

Quite a lot more waiting below the fold – not a post you want to miss out on:

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • Brishort

    Thanks Mole. Very useful post, always the best vix analysis from Mole! Timely and very good insight. Let’s see what today brings…

  • BKXtoZERO

    Long TVIX 10.67. stop 2605 on SPX

  • HD

    SPX closed 10 handles below the 200 and opened 10 handles above. BOTs.
    2600 should get the business. Looking for sellers

  • ridingwaves

    excellent entry, I slept in….missed it …

  • ridingwaves

    weak internals…plus the fed doesn’t care about the market…

    Fed ‘much more focused’ on inflation, job market than stock market volatility, Kashkari says

  • HD

    1/2 off +20

  • BKXtoZERO
  • Tomcat

    The tech leading on the downside again, now lets have the flush out of Feb 9

  • Mark Shinnick

    Now local $ strength.

  • ridingwaves

    I was hoping for more out of the bulls, they can’t even hold a 10PT rally….

  • Mark Shinnick

    Jeez…i’m long for the time being a few min ago.

  • ridingwaves

    your DRV mentioning has me looking at FXP and TZA pretty hard….chart is warming up

    bulls can’t seem to put heat on shorts, need a rip your butt off rally to short…

  • Trouzzer_Snake

    Great info, thanks Mole!

  • Tomcat
  • StockTalker

    Got my 23800 back test, short

  • BKXtoZERO

    They almost always come back….. hard to tee off on their asses. They don’t just bend over for you very often. Makes it hard to trade as I have Reg T 2 day wait, so it makes clear exits hard because I know I won’t get it back.

  • StockTalker

    Above 24k bull, below a new bear market develops.

  • ridingwaves

    sell the rips

  • Trouzzer_Snake

    I see no edge for me today. This type of market no mans land is something I have no lens for. I’ll be waiting on the sidelines until something interesting develops.

  • HD

    they gave another chance to sell 2600

  • BKXtoZERO

    How was that for a stop? SP2605. They came up to it and tagged it by one point! That is why I don’t physically enter the order. I had my finger on it to perhaps let half go but that is what I call managing it, sheeesh.

  • ridingwaves

    maybe one more bull rush as europe closes, I’m going to join in after….if it happens

  • Mark Shinnick

    Cool you quickly recognise this. Well, one variable that seems a bit over-pressed is volatility. The appearance is that of the bear that keeps pressing the chase, sort of like the Boogie Man in every bush. Recency bias may make us accustomed to it, like accepting the Snake and becoming bewildered when it strikes. So, keep assessing.

  • ridingwaves

    the rips are lacking the short covering needed to move higher

  • Julie

    RW EXAS down to it’s 377 ema and a support zone (not shown) Needs a bullish close above it’s daily 5 ema 40.76 to go long JULIE https://uploads.disquscdn.com/images/90420e9a9e0bb8241f3eeda8129cc2bc40bcf3ae081770bb63aa91b085d41e22.png

  • Julie

    SPX down to it’s daily 233 ema. Today’s high exactly the daily 5 ema. Patience is key. Needs a bullish close above it’s daily 5 ema approx. 2606.The 5 ema is very important JULIE https://uploads.disquscdn.com/images/15215a05daf080ecdd855cb9363e5f81d8fd4cc88f23067cff7ec5b0ec1b7d61.png

  • BKXtoZERO

    Yes the FED knows where my stop is ;-o

  • Julie

    BKXtoZERO A lot of games being played Bro ! Julie very careful and picking my battles namely individual stocks. One item worth mentioning is I also follow $XII which is the Institutional Index which is not traded and therefore not subject to manipulation
    JULIE..

  • BKXtoZERO

    no games… life and death here for MKT

  • https://evilspeculator.com Sir Mole III

    Thanks Trouzzer, I aim to please.

  • https://evilspeculator.com Sir Mole III

    How’s my crew? Boring day – to be expected right near an inflection point.

  • BKXtoZERO

    Having fun SIR! Thanks for all you do here!

  • Julie

    Doing great Chief ! Great job on the VIX and Thanks for the post
    JULIE

  • Julie

    SDEG Day traded yesterday the oversold bounce off the 34 ema (not shown) and made a few bucks. Now looking to short. 61.8% retracement. Will short with a bearish reversal candle closing below the daily 5 ema now approx. 54.06 JULIE https://uploads.disquscdn.com/images/c1cb221a985a7d7266f5ffb58dc7c480891caff7be99bff026bb32b707f544aa.png

  • Julie

    EDIT SEDG not SDEG (miss type)
    JULIE

  • Mark Shinnick

    Long equities again. Roughly about 50% from today’s high.

  • Trouzzer_Snake

    I was short and just closed it out for even. This tape is schizophrenic at the moment. What instrument are you trading?

  • Mark Shinnick

    I see your point. The perception itself would be preventing action.

  • Trouzzer_Snake

    Nice entry!

  • ridingwaves

    2605 I’m short

  • Mark Shinnick

    Beautiful point, speaks for itself πŸ™‚

  • Julie

    RW IMO A pause to go lower. 2461 is still my target
    JULIE

  • ridingwaves

    don’t know if it can get there…

  • Julie

    SPX the bearish crossover of the 21 and 55 ema’s with both declining not exactly bullish esp with embedded Full Stochs A bearish close below the February low and the daily 233 ema Bears will be in control https://uploads.disquscdn.com/images/0e79cde337e26f3f1bc6eab2ff8c122505795a578580998af4920d367ca753b9.png JULIE

  • Mark Shinnick

    I’d imagine shitload of short cov momo then :/

  • ridingwaves

    with earnings coming up and frwd pe now at 15.9. this seems like best short opportunity….i wouldn’t want to be short on good earnings

  • ridingwaves

    a great area to accumulate..still like the

  • Julie

    RW I like it too here
    JULIE

  • Julie

    SPX The bulls need a bullish close above the daily 5 ema then the upper down trend line. Hell No ! JULIE https://uploads.disquscdn.com/images/bc851748afc61cc84bc1c3007b4ac88f5b3eb33834e5f3f1461b212ba5fd5ce9.png

  • ridingwaves

    xlf losing early morning groove…better keep green…

  • Tomcat

    RW, looks like short covering in $TSLA

  • Tomcat

    Was thinking of going long @260 when I saw the vol was building but decided against it

  • Julie

    Hi RW USO perhaps a long confluence of the 55 ema and lower trend line. Stochs 5,3,3 will be oversold at that level and RSI will be at 40. Gonna watch. However it may advance at present but will need a bullish close above it’s 5 ema for a long to be observed very carefully. USO on my radar JULIE https://uploads.disquscdn.com/images/eec41ecf0ce8df33ba11fb5e1f4e7c1e072a85022d30763b9e3e0fc3c2171580.png

  • HD
  • kim

    damn eurusd πŸ˜€

  • Julie

    SPX Too Much ! Perhaps a two day candlestick pattern “Homing Pigeon” Wow ! https://uploads.disquscdn.com/images/2542b42e3257c286285dbfe16f13a26eeeeedcc95972d64971b90c88c6fd6fc5.png JULIE

  • HD

    1/2 off +20. sorry this isn’t very highfalutin.

  • HD

    The technician in me is thinking the market is giving 20 handle trades so take what they let you. The evil speculator in me is thinking ‘they’ are accumulating below the 200 and about the rip the face off of late bears. IDK – 2600 should keep me objective.

  • Julie

    Hi HD The volume SPY today showing little interest from a bullish perspective.. IMO going to need short covering to kickoff a positive feedback loop
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    you think too much. follow your plan.

  • HD

    is there 4 trades today off 2600? Let’s find out.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    BTC,
    that daily line, *just* a line? crossed to the upside.
    dangerous territory (either direction) for the next few weeks IMHO.
    price getting corralled into a support/resist triangle area.

    https://uploads.disquscdn.com/images/9f56662a8e5653f000faf00088574e42e851a0089faf9b97367e10c3b6751922.png
    -GG

  • HD

    shorts will cover over HWB 2606

  • ridingwaves

    took 1/2 R short

  • Julie

    $BKX (Banking Index) A nice channel. A rally $BKX will lift the SPX BUT a breakdown will tank the SPX. Always watch the “Banks” As Mole pointed market at an inflection point JULIE https://uploads.disquscdn.com/images/b500d27dabb0a087d3c895dbb47ebd86345e8617bc96c91238058989c526aa89.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • HD

    always listen to that little evil speculator voice in your head. That thinking will keep you out of trouble from time to time. See ya’s manana.

  • BobbyLow

    The way you’ve been hitting them out of the park, it looks like you are an excellent technician. Taking what the market gives you is the best way to do it (IMO). πŸ™‚

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    look at that histogram. it’s a trap!
    Wednesday numbers come out tomorrow, and whoomp.

  • Ronebadger
  • Julie

    HD 2615 is now the daily 5 ema Must have a bullish close above
    JULIE

  • BKXtoZERO

    BKX to….. zero

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    one word.
    VWAP, live or die by the VWAP.

  • Julie

    It’s going to Zero. One of my favorite stocks to trade is BAC which mirrors perfectly the $BKX !
    JULIE

  • Julie

    I use VWAP too GG
    JULIE

  • ridingwaves

    after messing around all day, the spike…looks real…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s like SPF 10 Thousand.
    keeps you from getting burned
    ;-D

  • BKXtoZERO

    they stopped me out of 3/4 position. see what happens.

  • Julie

    Anybody see a pattern since March 23 ? A day down …. next day up … next day down ….. next day up
    JULIE

  • Mark Shinnick

    May be time for some hardcore vol crush due to all the bearishness. Bears had 3 clean holistic cracks at volatility and made no headway …so far.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    SPX 5 ema is 2615.99 ….. Gonna be close
    JULIE

  • randomuser6789

    Did a particular event occur that initiated the run higher? Or is it just the ‘bots or animal spirits or whatever?

  • StockTalker

    It’s called a bear market:)

  • Julie

    SPY lackluster volume indicative of short covering. IMO we will know tomorrow if a positive feedback loop can occur commencing with the short covering
    JULIE

  • Mark Shinnick

    Just could not make any downward headway since Feb so it’s time to try the flip side for a while?

  • Brishort

    The time correlation seems to be a new factor. Akin to the “T” that GG used to post, I started counting the length of each market move. Today for example, on NQ, each movement was 100% reversed after each 2×30 minutes bars. Total of 400 points travelled so far. Maybe this behavior could be a temporary edge in the whipsaw. To be continued….

  • Julie

    Brishort Good job ! Patterns do exist and I look for them also
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    oh man, you are taking all the *FUN* out of it.
    don’t *give* it away.
    πŸ˜‰

  • Brishort

    Thanks, this is clearly a market where we need all the community assistance we can get. Glad to be around and always a pleasure to read all on this blog!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Everyone contributes AND no trolls ! The chief does a great job preventing the trolls !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    wait. you contribute?! I want a recount.
    πŸ˜‰

  • Julie

    14 https://uploads.disquscdn.com/images/f3b99c57b5944a89aa5f002aa53726dcff205dc75e476b1c3b11ce2a739c282c.png minutes left and USO holding it’s daily 21 ema. On my radar and will possibly take a long with a bullish close above the daily 5 ema. If not then a dcline to the confluence of the lower trend line and the 55 ema JULIE

  • Julie
  • Julie
  • Ronebadger
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s wouldn’t take much for the Spoos (hourly) to rise to an upper downhill channel overnight. my 3 grams.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yep. definitely twins.
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    +1 for the subtle channel. needs a median line.

  • Julie

    Bulls be wary ! SPX did not close above it’s daily 5 ema at 2616.14 https://uploads.disquscdn.com/images/377f55907bbc7a405c2d2b0b6b2c314d48962f5a327b056ab2610fcc45feb1e6.png JULIE

  • https://evilspeculator.com Sir Mole III

    This is probably where I would want to sell tomorrow if the Zero gives me a good reason.

  • https://evilspeculator.com Sir Mole III

    Those jeans look spray painted on.

  • Ronebadger

    I hand drew (moused) the lines on PAINT…cause that’s all I know how to do easily.

  • Julie

    GG You said yesterday you wanted to meet after class . Where were you ! LOL !
    JULIE

  • https://evilspeculator.com Sir Mole III

    He told me he was washing his hair.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m sorry, the redhead with NO tan lines showed up much earlier.

  • BKXtoZERO

    That is a better plan than I had!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    SPY needs to break higher, overnight IMHO. (yellow arrow)

    those thin black verticals are NYSE trading windows, crazy eh?

    https://uploads.disquscdn.com/images/860a3e9ef1c124cef1c9de173f588717da6e7083a788de99c171fca23abe036b.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    LOL

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    This should be fun

  • HD

    anybody buy the open?

  • HD

    Holy smokes. Wish I would have seen this comment yesterday. Nice read!

  • Tomcat

    I have a limit buy at Feb (intraday) lows.

  • StockTalker

    You first:) Lol

  • Yoda

    niet for me

  • HD

    I’m in

  • Darkthirty

    PPT punched in at 5:30…..

  • StockTalker

    Got a buy at 23050

  • ridingwaves

    why?

  • HD
  • ridingwaves

    2489 then 2460 looks to be in play over next 5 days

  • Darkthirty

    Nice jeans, by cracky!

  • BKXtoZERO

    glad I held some.

  • ridingwaves

    always sell hope-no matter what the product
    St. Louis Fed’s Bullard: No reason to raise interest rates further

  • HD

    1/2 off +15 at 200DMA

  • ridingwaves

    be out before or on the 9th-maybe 10th at latest….

  • Brishort

    The magnitudes of the market movements being very important on NQ,

    FWIW, I am currently using the ichimoku cloud on 15 seconds charts as the key indicator of where the current trend is. Works on ES & YM as well. With all three side by side, the reversals are easier to trade.

  • Brishort

    I.e. above cloud don’t be short, below cloud don’t be long!

  • StockTalker

    Short by 4500 TVIX, -2 YM, -1/CL yesterday’s rally

  • ridingwaves

    OT- Was that a final shakeout move the other day in NG and now last 2 days green? the widow maker with 2 green days….Im getting more coffee….

  • BKXtoZERO

    earnings I guessum? There us a guy I respect a lot by the name of Andre Gratian who posts TA on gold eagle site. I have followed him for years and he has my respect. He is into cycles, but he confirms with a lot of other TA. He has a large downward cycle into May. Nothing is ever is straight line, but short every rip may work til then.

  • Trouzzer_Snake

    What’s ironic is that the chart is looking like an UP trend day…except for that whole -40 handle open and all…

  • HD

    all out +20

  • ridingwaves

    thinking of FXP, 23 looks doable on move to 27000 HSI

  • HD

    anybody gonna sell 2600?

  • StockTalker

    Yes sir

  • Richard Adler

    watching zero carefully

  • Brishort

    Close the morning gap routine (one of the most reliable morning trade, whatever the market direction) in progress, gap being very large this morning, difficult to say if will be completely retraced. With the zero where it is, difficult to decide if the knife is falling or the train is about to hit you!

  • Brishort

    All indicies currently above cloud up to 10 minutes charts. No signal to short yet.

  • Darkthirty

    2590 looked interesting A=C

  • Trouzzer_Snake

    Long at 2586.50, if it looks like a duck and all. Stop below VWAP

  • BKXtoZERO

    No negative divergence yet on these VIX spikes every other day. Usually, VIX https://uploads.disquscdn.com/images/2475a54d5bfb6010d92948ab2d1aeaaf718c84d7be6d784dc2b370313aa9e828.jpg peaks on diverging momentum. Not yet.

  • Mark Shinnick

    One that got away…snooze and lose in a hotel room in Palm Springs.

  • ridingwaves

    trying to push up oil, the market soother…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    BTC hourly,
    that 40 sma (gold line) is the way to go.
    (poor man’s VWAP)

    https://uploads.disquscdn.com/images/d083b1eaa4e89ec3018b3a941aabbf5dd3729d9e1bf2d3c9014b44c1ff1d9a3b.png

  • StockTalker

    Fake out, target of 61

  • ridingwaves

    testing 60 be better, simple 50 holding it up right now

  • StockTalker

    Weekly support is gone, 100 daily is around 61. Loose that and it’s over.

  • ridingwaves

    its the inflation generator the fed loves….no way is it over….a buy point is somewhere 74-75 by June..

  • Mark Shinnick

    I don’t really quite see bear in the environment.

  • ridingwaves

    bears let this opportunity get away shame on them

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Mark Shinnick

    Yeah…seems like a couple / 3 % to fool around in here.

  • HD

    2600 trades

  • BKXtoZERO

    Sold remaining TVIX at 11.40 from 10.65 yesterday, don’t like this spike just now in ES.

  • StockTalker

    Roller coaster ride today

  • StockTalker

    This is far from over for the bears.

  • HD

    hmmm, this is exactly how a bear trades. Bull trends are quite boring

  • ridingwaves

    the 200 on SPX is sticky…

  • Mark Shinnick

    Actually I mean, the local-only trading environment.

  • Brishort

    NQ at 30 minutes cloud resistance, looking for short entres.

  • HD

    I’m in

  • HD

    nice trade!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    yeah, that’s a tricky spot to be in.
    didn’t hit the upper boundary, deflating to yesterdays prices.

    http://stockcharts.com/h-sc/ui?s=TVIX&p=D&yr=3&mn=0&dy=0&id=p50615220922

  • StockTalker

    Indeed

  • BKXtoZERO

    I love the scale on your chart showing TVIX from 5000$ to 12$, (thanks) someday I am going to have a custom TVIX license plate on my 99 Corolla

  • BKXtoZERO

    i don’t know… a little higher and it is reversal hammer. This is a LOT of retracement..

  • Tomcat

    GL, but I would try a short at near 6500

  • Mark Shinnick

    Way to go…I’m still driving a ’93 MB….first venture out of the 80’s cars.

  • Brishort
  • grednfer

    OOO
    Day 16 of Downtrend.
    Yet another flag on ES….should it continue down its going to 2530ish, probably lower.
    Break to upside is only 2606 today……
    So far that trendline has just been a great short.

  • StockTalker

    Exactly, just a sequence of lower highs.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    wouldn’t that be awesome if worked the other way?
    two fish and some loaves. $$millions$$

  • StockTalker

    TVIX going much higher, buying pressure now.

  • Mark Shinnick

    This chart suggests extension out of the flag.

  • Darkthirty

    Also 786 retrace. Gotta keep pumping til Europe closes

  • Tomcat

    I still prefer a short at the upper bollinger 6487 on the 30 min chart.

  • Tomcat

    A short at (near) 2625 would have good odds in imo

  • Trouzzer_Snake

    I like that number. High odds this candle ends up as an outside period which would fit nicely with 2625.

  • ridingwaves

    unreal bears layover…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    maybe their tummy’s are full?

    the drops are exciting, but the trend is seen in the highs IMHO.
    https://uploads.disquscdn.com/images/0c048c4063995b5a9cfc1649d7705a3d2273deb45ea79a9d590d43258d714658.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    30,300 comments!

    This is Sparta!!

  • StockTalker

    Back up to your trendline:) Should see some selling from here.

  • Brishort

    Morning gap closed on ES & NQ. Time to start a new white page of signals about where this is going from here

  • StockTalker

    Empty bus now

  • ridingwaves

    XLF hard on and energy soft gel hard on led this charge

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • StockTalker

    Bulls last chance to break this trend, need to break 23900

  • Tomcat

    Got a fill on NQ, let’s see what happens

  • HD

    The EW, I have labelled this wave WTF

  • ridingwaves

    or save Europe…I like yours better…

  • StockTalker

    Lol, looks complete to me

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Was that the bottom? days not over, still. “Duck Duck Goose!”
    Where’s Captain?

    https://uploads.disquscdn.com/images/eccca7a848ed9c23281308d474bf808b3cd514b4325857a57ad43427720573ed.png

  • StockTalker

    Get short

  • BKXtoZERO

    edit: hammer.. sorry that is just short term reversal of today, Lower low yesterday. I am on the fence. Looks like 2580 is the line to watch

  • Yoda

    Bots are running the show today

  • Tomcat

    They have been running the show for the past decade (at least).

  • StockTalker

    Market struck a nerve is all.

  • https://evilspeculator.com Sir Mole III

    Hey guys – how’s my crew today? πŸ™‚

  • https://evilspeculator.com Sir Mole III

    This is starting to look bullish – nice little bear trap this morning. Lack of participation has never helped the bears over the past five years or so.

    https://uploads.disquscdn.com/images/a8083a686674371bde46b49d7aaac99f551af679a08745c51c828b573c3dbd33.png

  • BKXtoZERO

    out with a little gainer from yesterday. Watching 2580 daily chart support band for my clues

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    too much rum last night? Merci Bow-coup.

  • https://evilspeculator.com Sir Mole III

    I’m a lightweight so I never have more than a tiny glass. Nah – was busy today and quite frankly there wasn’t much else to say.

  • https://evilspeculator.com Sir Mole III

    I snatched a recent video update from Robert Prechter:

    https://www.youtube.com/watch?v=2AoxCkySv34

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    Simple pleasures, GG – simple pleasures…

  • https://evilspeculator.com Sir Mole III

    I meant ‘simple’ – boy, I need to get back to the US soon!

  • Ronebadger

    …so, we’re in Wave 4 now? That’s what I’m thinking πŸ˜‰

  • Julie

    Long USO per previous posy yesterday i.e. down to confluence of the lower trend line and 55 ema or a bullish close above it’s 5 ema https://uploads.disquscdn.com/images/e4bf2b73e3e2a5657f5443344063fff98f3cba21cb8b721f0b37e77a3cb14e3f.png JULIE

  • https://evilspeculator.com Sir Mole III

    How’s my trading super model today?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    be sure to scout it out first. Times have changed the cities.

  • https://evilspeculator.com Sir Mole III

    I never touch USO – just look at those gaps!!!

    You don’t trade CL ever?

  • Julie

    Doing great chief Had a great vacation and back to work fully charged
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    she’s pregnant with expectations. {GG ducks}

  • StockTalker

    The day is still early:)

  • HD

    outside day, time for bears to sacrifice a chicken or something. Some -D off yesterdays HOD

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    she’s a Blonde.
    she could stick with GASO.
    πŸ˜‰

    http://stockcharts.com/h-sc/ui?s=%24GASO&p=D&yr=1&mn=1&dy=0&id=p66285279213

  • Julie

    Chief USO is easy for ne to chart and I also do not trade the 2X and 3 X ETF’s as you have probably noticed
    JULIE

  • HD

    ha. classic!

  • BKXtoZERO

    I like that one. via UWT

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ROFLMAO.

  • Julie

    GG I worked part time for a model agency and did shoots for over age 50. Our daughter worked for the same agency doing cover shoots and they asked me to model. She earned her way thru college modelling The picture was taken several years ago and I am now 54. The picture was taken for my 35th high school reunion. 2016
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    girl. I thought you had stalker problems. waaay too much info.

  • Julie

    You are right can you delete it GG
    JULIE

  • Brishort

    you were right. 6500 tagged and reversed.

  • Trouzzer_Snake

    My trailing stop was triggered. Out for 21.75 handles.

  • Richard Adler

    Mole, looks more like a short on ES to me. No?

  • HD

    the -D worked and our little WTF wave is starting to display some symmetry. Just my POV https://uploads.disquscdn.com/images/34f242e8c08c3fda07e81200b2b4920aabd0dec73d6f3fdbbfded1023f5ba019.png

  • Trouzzer_Snake

    Nice touch of the 20 EMA / 25 SMA on the 8 hr chart. Down trend still intact! https://uploads.disquscdn.com/images/680cad8eb8eb1aa066ef133d18b367b9fa5d5aebb2cabe33aa42f5b355751b50.png

  • Brishort

    The message of the market is that it’s behaving like a bear with rallies that just rips anyone too bearish too quickly.

    200 NQ points or 3% between 6310 @6AM and 6510 @ 12h45.

    Hardly no stops could resist such a rise.

    Short term assessment: Ichi 2 minutes cloud on NQ seems to be the most relevant for the behavior of today to stay on the right side.

    Market is currently just tipping below cloud on that same 2 min. chart.

  • Julie

    SPX Still need a close above it’s daily 5 ema and two upper down trend lines. So far today the high is one of the down trend lines JULIE https://uploads.disquscdn.com/images/cb7212c423fb9218309026f373a11f777d530d05fe2a0023d9c7226642664c03.png

  • HD

    Boss says inflection point and I agree. This market just got really dangerous. I’ve been trading 2X size and am going back to normal size until data improves.

  • Julie

    HD The 233 ema is crucial. The market is indeed at an inflection point. A double bottom can be interpreted as can a triangle My gut feeling is the SPX is going lower to my target 2461 The market can trade within a triangle for several more months and really screw everyone up https://uploads.disquscdn.com/images/1fbf5d730d97fe5c7865184e89500c36572bd8b7755d91c21adc403125071746.png JULIE

  • Mark Shinnick

    Maybe time to rip some bear.

  • ridingwaves

    first time Protection bots have come out of the woodwork in a long time this morning, there was no buy point on charts to push it up…it was heading to 2489 but the bulls are afraid…

  • Brishort

    VWAP still looks like a magnet first. What’s 15 ES points between friends?

  • https://evilspeculator.com Sir Mole III

    Excellent!

  • https://evilspeculator.com Sir Mole III

    So I hear – I don’t think I’d be happy back in CA anymore with what’s going on. Perhaps I’d head up to Montana and move in with Julie. But still would need a winter hideout as I hate cold winters.

  • Julie

    SPX 2461 (my target) is two equal legs down from the January high and channels nicely JULIE https://uploads.disquscdn.com/images/e4e765f930f366a9f2bd8879b396bc31a21607368eb0f8947e3f211c283fb4c3.png

  • Darkthirty

    Dry cold up there

  • Mary

    You can be a dental floss tycoon …

  • https://evilspeculator.com Sir Mole III

    I’m no Frank Zappa πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    Oh yeah – that makes it SOOO much better – LOL

  • StockTalker

    Lol, exactly. We have fear in this market now.

  • https://evilspeculator.com Sir Mole III

    All I wanted for Eastern is a bearish divergence on the Zero indicator.

  • Mark Shinnick

    The more it looks…it usually isn’t in fact.

  • Tomcat

    I only care if my trade generates profit. Else means nothing.

  • Julie

    Stocktalker In a bear market VIX 16 — 17 has contained the advances SPX
    JULIE

  • Darkthirty

    HWB? handworterbuch?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Tomcat

    Eastern chief? You mean Asia, East Europe? Or Easter?

  • ridingwaves
  • HD

    50% retrace

  • Julie

    Nice trade RW Being nimble in this tricky market
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    It’s no Autozone, but he’s our Man!
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Off to Lunch!!

  • ridingwaves

    280.97 and I’m stopped, looks like they are going to do it….

  • Julie

    Having lunch now GG …. Tuna fish sandwich ; yogurt and a salad
    JULIE

  • ridingwaves

    Stopped out

  • HD

    2632 if this continues to work

  • Trouzzer_Snake

    I’m going to try a short at 2624 – Let’s see what the market thinks of my imaginary lines.

  • Trouzzer_Snake

    Filled…

  • BKXtoZERO

    Thanks Julie. I love your charts and ideas to weigh in with mine. The second leg from 2780 to just now “can” be a completed 5 if you are an EW junkie…. and could meander inside those blue lines anywhere for a while.

  • BKXtoZERO

    RW, what do they look like that are identifiable qualities to you? Thanks.

  • Julie

    SEDG I nailed the bounce off the 34 ema for some lunch money. I posted I was looking to short with a bearish reversal candle closing below the daily 5 ema. Today’s lower open (gap down) and subsequent bounce not bearish. Monitoring SEDG for a short JULIE https://uploads.disquscdn.com/images/becb29f5cd5c745b5c002fdf71cddf163b1323c7b367414085bf31fb5c5fec80.png

  • http://www.linkedin.com/in/sharondsessions/ Sharon

    Texas isn’t too bad in the winter and I feel safer there. They have open carry most places. I have my concealed license there also. Virginia Beach is too close to the Ocean. Hurricanes, submarines too close to land etc I move back on October 1st 2018

  • HD

    I’ll give you some back up at 2632

  • ridingwaves

    what a whale of a spy buyer….200sma is no pass right now…

  • StockTalker

    Squeeze me

  • Mark Shinnick

    Looks over-runnable. That would be a nice more-early in phase short but not for the larger energies moving into play to kill some bear.

  • Ronebadger

    VIX is hanging tough/positive with this advance (SPX +.5%+)

  • Mark Shinnick

    That good to look at…see if its support is not in fact starting to crack.

  • ridingwaves

    huge undertaking to keep this from going down again, every bot was re- programmed to buy dips down at the bottom today….I don’t like the feel of it, retail is not the whale here today

  • HD

    that’s 9 waves. Should get the ABC back now.

  • Trouzzer_Snake

    I might be early but the 8hr was showing such a clean resistance level I couldn’t resist.

  • Mark Shinnick

    This really is so pregnant at this point. Personal pipe dream is a blow-out short rally instantly followed by the continuation.

  • ridingwaves

    personal pipe dreams, love it….maybe the opposite of the PPT
    the PPD

  • Ronebadger
  • ridingwaves

    think its a great short, they did retest the breakout candle from get this 4-4-17

  • Mark Shinnick

    Yes…and everyone else sees and froth’s over it too πŸ™‚

  • HD

    filled

  • Julie

    Watch BAC guys as it mirrors $BKX (Banking Index) A bullish falling wedge developing off the 144 ema. Taking a very small long probe now and will add above the Ichi Cloud conversion line (8) at 29.78. Initial target the 50% retracement matching the lower cloud boundary and upper down trend line JULIE https://uploads.disquscdn.com/images/7a5cd8c18ccdb9072a4d14b04890e8adb79a58904a9f9f0f837257830afc2bef.png

  • Trouzzer_Snake

    I called uncle at 2629… $TICK saying there is still room for a blow off top.

  • StockTalker

    WTF was that, good lord they squeezed those shorts.

  • ridingwaves

    all of a sudden everyone wanted bank stocks….this is kind of funny desperation

  • Julie

    Hi RW Like you have been saying about XLF and me $BKX Very crucial
    JULIE

  • Mark Shinnick
  • Mark Shinnick

    The violence of this business always amazes me.

  • Julie

    SPX A possible positive feedback loop developing as alluded to in a post yesterday
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that would explain all the sh!t
    πŸ˜‰

    https://www.youtube.com/watch?v=L50tuag6iRs

  • HD

    nice trade!

  • Julie

    Yup Ronebadger with the wave overlaps
    JULIE

  • BKXtoZERO

    Hit them again tomorrow! I love it.

  • Trouzzer_Snake

    $TICK now at reversal zone…not that it will. Looking for a down turn and will try another short.
    https://uploads.disquscdn.com/images/3ab5de2c7a2f8d8d29e59c4ea2b28a881c102f943cdc8c44f3bcca12fe1644a8.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    back from lunch and the possibilities are whatever you want.
    (talk about a crowded trade zone)
    πŸ˜‰

    https://uploads.disquscdn.com/images/ac12baa3bdb62466bf3fb1e93c7729063227c6cbef26f8a69e228692c2ab5706.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    white Tuna.

  • StockTalker

    SPY front month 230’s

  • Mark Shinnick

    What will stimulate the shorts into punching out their ‘puter screen?

  • Julie
  • BobbyLow

    It’s amazing and funny in a weird kind of way that absolutely nothing, surprised me about today’s price action.

  • Mark Shinnick

    A core about to go super-critical?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I see three data points hinting at month Begin.
    that chart should be valuable for the next week or so.
    Watch for ceiling limits.

  • Mark Shinnick

    Sounds like you are onto something. Code it.

  • ridingwaves
  • HD
  • Trouzzer_Snake

    Looking good for short into close now… Order in @ 2634.50

  • Ronebadger

    tough to trade, though

  • Julie

    TS Have you ever used the 89 ema on a tick chart for a filter ?
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    LOL.

    I’m challenged. Do I do the Admin thing? Or turn and cough?
    “I see nothing!”
    -GG

  • Trouzzer_Snake

    I use the 78 ema actually…I find it amazingly good at trend reversal signals. With 150 being the magic number.

  • BKXtoZERO

    I went long in the boring part of my 401K. Even if stocks crash, at 1X it couldn’t even match being wrong on TVIX for 1 day. and….. my wife will be happy that I bought stocks.

  • Julie

    Trade the channel trend lines and a mid line . As GG pointed out add a mid line.as a mid line really helps
    JULIE

  • Julie

    BKXto ZERO ….. And her lawyer father … LOL !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I think you’re ready to go *Pro*.
    πŸ˜‰
    https://www.getpaint.net/

  • ridingwaves
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’ll be using the Pitchfork.
    lots of haters. meh.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    You are Disturbed.
    say nothing! silencio!

    https://www.youtube.com/watch?v=u9Dg-g7t2l4

  • Julie

    RW Gotta be careful here. SPY volume yesterday and today not corroborating the move. Should be more esp today Just saying RW
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    those two moving averages?…..everything in-between could be chop. like the 50 & 200.

  • ridingwaves

    this smells wrong to me and I’m not short or long….I was trailing stopped out for nice gain at -296, almost like they are covering for something big next 2 days

  • StockTalker

    75 contracts @.17

  • BKXtoZERO

    Ya, Maybe I’ll get me some tonight!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    some traders live for this stuff.
    some traders stand back.
    I try to learn from them all. πŸ˜‰
    plan the trades, trade the plan.

  • Julie

    GG There is an excellent case for the larger triangle shown in my chart below esp with a possible chop as you have stated. My gut feeling is we are going lower per the other chart showing the channel and 2461
    JULIE

  • ridingwaves

    I’m jumping in short at the end of the day…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I don’t know about lower. But people know I do focus on Time.
    the last two big dips in 2015/16 lasted 4 to 5 weeks before signaling all clear on the weekly.

    http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=W&yr=5&mn=0&dy=0&id=p34026304719

  • Julie

    GG not trading SPX but individual stocks. Have two very small trades initiated today i.e. long USO and BAC with definite targets and stops
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    “kill the weaklings, eschew the strong.”

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    entry, half, full position?

  • Julie

    RW I do not like the present volume SPY
    JULIE

  • Mark Shinnick

    Its a breakdown in the volatility thesis. It must have growing interest and net energy to continue. It just may need some break at this point.

  • BobbyLow

    That’s easy. Regarding equities, for me it’s when in doubt, stay out. πŸ™‚

    Seriously though, I went long Crude (3X) yesterday. Only to have a serious gap down at the open. I took 1/2 off one minute before the 10:30 AM EIA report and eventually added that 1/2 back. The day turned out with only minor bumps and bruises. I think not being rattled enough to take a large loss on my long this morning and not flipping to a short only to get whacked again was a win all by itself.

    My Hat is off to people who were able to be successfully day trade today’s price action!

  • ridingwaves

    I might wait and see if they can finally push VIX to the 50sma on daily, within reach now, I want to see reaction there

  • StockTalker

    Trying like hell to make a new high, rejection.

  • ridingwaves

    that candle reaction to the 200sma is nuts…its like every bear thru in the towel right there…

  • Mark Shinnick

    ….or maybe just looks that way.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    SPX
    time check. close up your books!!

    http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p84960283090

    good chatter today. Well Done.
    333 comments?
    Comment Cleaner Please.

  • Mary

    it looks like what Scott would call a failed retest of the lows.

    I see the same pattern on the 15 minute charts of all 4 indices.

  • BobbyLow

    I wonder how many individual trading bears are actually left? Until the institutions get into some serious selling, what’s left of the individual (swing trading) bears will probably get chewed up and spit out just like they have been over the past 9 years.

    Julie is right about a lack of volume. 100 Million Shares of Spy on a reversal day like today didn’t even break a sweat on the institutions.

  • ridingwaves

    trying to jump over the MOLE 2650 call

  • Julie

    BAC Another chart looks like a strong close above it’s 5 ema. Now the declining 21 ema matches a resistance. Not impressed with the volume. The previous chart below BAC I showed a developing bullish falling wedge. A bullish falling wedge the usual target is where the wedge began. In this case it would match the resistance and declining 21 ema The Bollinger Band squeeze presaged a large move and the move was lower. Also a Bollinger B https://uploads.disquscdn.com/images/ef9b0d8fb6ceda547d51bb431e91a1edc0968df36a53a0d3b4ba44aba8ecba44.png and positive divergence developed with the falling wedge JULIE

  • Yoda

    Bear markets have also the strongest retracements, especially after a continuous 9 years bull market. To me it is STFR until proven otherwise

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    {face palm}

  • ridingwaves

    800 pt swing in dow today….pretty darn amazing retracement for sure….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    not amazed. swings gets wider in Big Fibonacci fans!
    I’m curious too see what it is, I’ll post it tonight.

    It’s a beautiful thing.
    https://www.intmath.com/numbers/math-of-beauty.php

  • ridingwaves

    a short covering rally only, nothing positive today to lift up the indexes to those heights….the Fed bullard talking down rates no longer needing to be raised has my eyes on gold and oil right now…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    agreed. tops are rounded.
    lots of moving averages that were support (pick a few) are now overhead resistance.

    Time will Tell.

  • Mary

    what amazes me is 350 comments on one thread …

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    no. Captain slept in today.
    Divide by 2.

  • Julie

    From an EWT perspective the decline from January is a larger degree 4th wave (triangle) I am not a proponent of EWT (only look for impulses and corrective moves) If it is a triangle it would augment Scott’s thesis of the Streets attempt to screw everyone up. Myself I will be watching the Fib Arcs and possible triangle trend lines shown on this chart. As GG would say “My 2 cents worth” https://uploads.disquscdn.com/images/7a629750fbd8acce3b2ce1109d641b2af0594194b7226282a8c53fb2cd078043.png JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Oh, I’ll throw in a nugget for the after party folks.
    If new highs are not met?
    That hard time of Feb & March?, will roll over for another two red months to fresh lows. Believe it.

    at this point, it looks like one big Ramp 2017 & Camp.
    -GG

  • https://evilspeculator.com Sir Mole III
  • https://evilspeculator.com Sir Mole III

    I had to check it’s not April 1st. Damn it – I wanted to do an EWT count on April 1st and it was a Sunday.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    sorry mate.
    You’re excellent Blog will be shutdown by then.

    http://www.newsweek.com/easter-april-fools-day-year-11-years-862141

  • Julie

    Chief Loved that show! LOL !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    half my family still watches weekly.

    I know Opposite George verbatim..almost.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Tuna on toast….{GG stares at JULIE}

  • HD

    I don’t want to sound critical of that triangle idea I just think it would require DJI and Naz too and neither support it. In my experience patterns/counts that large are not best practice for EW. Let’s keep an eye on it though.

  • Julie

    GG As posted earlier for lunch today I had a tuna fish sandwich; yogurt and a salad.
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    “Hi, my name is GG. I’m unemployed and I live with my parents.”

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    MACD crossover, always a good place for a squeeze.

  • HD
  • https://evilspeculator.com Sir Mole III
  • https://evilspeculator.com Sir Mole III

    GG: I see everything!!

    Don’t count on it. Evil Speculator is for LIFE!

  • https://evilspeculator.com Sir Mole III

    This actually has advanced quite a bit further today than I anticipated. The dynamics are now shifting toward a massive short squeeze. Tomorrow will be a key day. Which is why I’ll be taking the day off πŸ™‚

    (j/k)

  • https://evilspeculator.com Sir Mole III

    “The President has directed that the Department of Defense and the Department of Homeland Security work together with our governors to deploy the National Guard to our southwest border to assist the Border Patrol.””

    Shit just got REAL!!

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    NOW he gets it.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m too far north, but I’ll keep an eye open.
    Julie better have an extra bunk.

    https://www.azeconomy.org/wp-content/uploads/2015/06/arizona-veterans-248110273.jpg

  • Julie
  • https://evilspeculator.com Sir Mole III

    I had a good day until Julie started to count waves.

    https://uploads.disquscdn.com/images/e1f0706d23646e6026042eb4e5b43049f1ebde4fb2dd0a06bcf53ba673dfc50b.jpg

    JULIE – don’t make me hurt this innocent puppy!!

  • https://evilspeculator.com Sir Mole III
  • HD

    He’s just stoking fear. The Tucson sector, which I hunt and fish in all year, has 4200 of the finest BP agents in the country protecting the southern border. The stats are impressive. Lowest apprehensions since 1983. Doesn’t fit POTUS agenda does it?

  • HD

    PHX is basically 1 giant stash house for the cartels. Just far enough north is a better way to think about it.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    If check points occur on I-10 between PHX & Tucson?, what a nightmare..

  • Julie

    Chief Check this out A border crossing Montana – British Columbia ….. Now there is electronic surveillance equipment installed on paths ; trails etc. in the forests. Very difficult for illegals to enter thru Montana esp in the winter. Easily tracked in the snow and very difficult to survive outdoors in the very cold temps JULIE https://uploads.disquscdn.com/images/f59d646ea60d29289adbb1329c8beb8dce1459b37a3d2c3648e59b7cfddd6b0b.png

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    Julie, at almost any given point you can find both bearish and bullish TA.

    The problem with allowing yourself to dine at the all you can eat technical analysis buffet, is that your subconscious selects the indicators/emas/fibs that support the view you already had (because our subconscious has a total priority of avoiding you feeling stupid).

    It’s far easier to just pick one thing and stick to it πŸ™‚

    My take on it… what is the evidence here? Is it behaving like an uptrend – clearly NO (but it might start again) Is it behaving like a downtrend? Clearly NO – though it could easily go down to test the previous low. What’s left? A sideways market, which is always the highest probability in any instance after a strong trend changes.

  • BKXtoZERO

    Thanks Mole. I sniffed it out early too! No zero because I am the ZERO (he he he he)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    and there it is. Spoos Hourly.
    fan line to fan line.
    just call me Money Bags McGerb $$$$
    Awareness of overnight Markets is an edge for day trading IMHO.

    https://uploads.disquscdn.com/images/0dd465f7f588518dc15c1a4afaf21927811e495ee324460f4903689db11d81ec.png
    -GG

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Guys Reposting this AMZN chart https://uploads.disquscdn.com/images/297f85ab6719c1a676ce5a33a3a67f0918ba376e57e4c3bb10cd82baf5abd3e0.png from Monday. AMZN (1) down to the lower trend line of an expanding triangle (2) 89 ema (3) lower Keltner channel (4) Oversold Needs a bullish close above it’s daily 5 ema approx. 1421.50 Strong resistance at the gap 1468 JULIE

  • https://evilspeculator.com Sir Mole III

    Pretty sweet. Now if anyone thinks I’m a right wing nut – I spent well over $20k and 10 years of paper work to acquire my legal U.S. citizenship. Pains me to see criminals and drug dealers cross the boarder and proceed straight to sanctuary cities.

  • http://www.captainboom.com/ captainboom

    It’s a translation thing from German to English. He means Easter.

  • https://evilspeculator.com Sir Mole III

    I don’t know if Tucson is a hot zone for Mexican drug cartels to be honest, so you tell me why the stats are low. But in any case – that’s a good thing, no matter who occupies the White House. I’m not a political shill by any measure. All I care about is to live in a safe country where anyone is monitored and registered before crossing our borders. It’s a good system that has served us well for millennia. Everything else is just political mud slinging and IMO a big waste of time.

  • HD

    The Tucson sector is 260+ miles of border with Mexico. One of the busiest in the country for crime. BP has done an amazing job of locking it down IMO.