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Crossing The Line

Crossing The Line

by The MoleOctober 15, 2021

Yesterday was an awesome opportunity to bank a nice chunk of easy coin. That of course assuming you were able to leave your mental hangups at the door where they belong and act on the ample evidence that was literally screaming us in the face.

The first major hurdle has been crossed and I would be very surprised if we don’t see a whack at the second near SPX 4461.5 which is merely a bagel throw away.

The Zero indicator clearly pointed the way upward and VWAP was not touched a single time throughout the entire session. That’s extremely bullish and confirms the general outlook I presented yesterday.

The VIX is now back at its old rising baseline and what happens from here on out will define the final quarter of 2021.

Of course there is one chart that has been pointing the way for several weeks now, even when one red candle was still chasing the next on the daily panel:


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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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