Continuation Friday Wrap Up
Continuation Friday Wrap Up
Very little participation today – we did get a few valuable hints on the Zero Lite however:
There’s a bit of a bearish divergence in the morning as we paint that second spike up – not really a strong reading however which is why I didn’t paint it on the chart. The rest of the day pretty much was the same old we’ve come to enjoy since POMO kicked into second gear – VWAP retest on tiny signal, eventual breach and then persistent run up to the top. I wouldn’t say that the ZL predicted new highs today but it definitely kept us from doing anything stupid – like for instance taking any short trades.
Geronimo however managed to squeeze a trade in there – nice entry at the dip and after a tiny scare straight up into the target. That’s the way we like it.
Have a great weekend – I’ll update you guys on the POMO situation on Sunday.
Cheers!
Mole