Good morning fine readers of Evil Speculator! Mole is busy writing his own Word Press operating system, so I’m here today to drop some haut trading knowledge on you. Under normal conditions, in the winter time I make an effort to GTFO Chicago as much as possible. Chicago is an amazing city in the summer time. But it ends as soon as the weather makes in inhabitable to most humans, usually in late November. And this year it happened about a month earlier than usual.

Having spent over seven years in Spain and having had to put up with their various cultural peculiarities gives me sufficient license to mock any Spaniard at every possible opportunity. Which is a privilege I yield (somewhat) responsibly but sometimes I just can’t help myself.

I’d wager that the majority of retail traders chose to listen to the onslaught of bearish siren calls peddled in the MSM over the past two months, once again causing them to miss out on yet another massive push to the upside As we’ve now advanced all the way into new all time highs you may wonder if at least an obligatory shake out may be in sight. Let’s see what my market momentum charts have to say about it.

Having picked up on last week’s gains overnight the E-Mini is currently trading at ES 3034.5, which given a fair value of -1.57 is equivalent to the SPX trading at at around 3036, thus representing new all time highs. It’s a good start for what promises to be an explosive week: