Don’t Burn In The Sideways Churn
Don’t Burn In The Sideways Churn
Not surprisingly we’re getting a sideways churn day after yesterday’s short squeeze toward 1880. The Zero has been rangebound and we’ve been bouncing between +/- 0.5 all day. However things apparently are coming into alignment as we’ve got a plethora of setups popping out of the woodwork. Let’s get to it!
Here’s today’s Zero chart – as you can see it’s not been a fun session. But the patient trader may be rewarded in the end:
That’s a rather tiny inside day candle – as a matter of fact I suggest that you widen your stop by a handle or so for extra whipsaw protection.
If you prefer the Dow futures then here are the triggers for that as well. Identical setup.
USD/JPY – it’s ambitious alright but thus far it’s not managed to stay above that NLBL. But we have three more sessions until it expires and if it claws its way above then you know what to do.
Gold – Double inside day and NR4. But we also have a picturesque Retest Variation Sell on the roster – each side should be fun.
We’re just getting warmed up folks – many more goodies await below the fold:
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Cheers,
