Club Zero: Dr. Ramp And Mr. Camp
This is how I see today’s action on the Zero:
This morning Dr. Ramp gave anyone exposed short the rectal treatment. Hey, it’s been a year – the bears better start liking it at this point – LOL 🙂 Now say hello to Mr. Camp who’s ready to pitch a proverbial tent at the 1174 mark.
I have highlighted a nice little divergence at today’s peak – I missed that one however as I had a late start. Hope some of you subs caught it. After that we’ve been bouncing at a pretty obvious floor – you can stay long until we see a breach of this lower trendline.
Here’s the live Zero for your convenience (reload page to see the live version). Remember you can only see this particular chart if you’re a sub.
UPDATE 2:51pm EDT: Seems like that ‘floor’ was breached, after which all hell broke loose. Hope you guys covered any long futures positions as soon as we dropped through it.
Remember, tomorrow will be a trading holiday – see you guys on Monday bright eyed & bushy tailed 🙂