Fake Rock-N-Roll
Fake Rock-N-Roll
9:44pm EDT: I tell you rats – anything can happen today. The overnight futures were all over the place and we got what I call a ‘fake rock-n-roll’:
The Zero Lite is completely flat right now. Be afraid… be very afraid….
Don’t make large directional bets until we are at least out of the ‘zone of shame’ – chances are we’re going to be stuck here for quite a while. Anything below 888 is very bearish – 910 should give the bears shrinkage, and 918 is where the short term bearish saga ends for now.
Enjoy the ride – it’s going to be ugly.
9:49am EDT: Boy, that was quick! We are at the ES VWAP now which is 896. NQ is already leading above is 1442 VWAP. If we push higher from here it’ll strengthen the bullish case.
9:57am EDT: Damn, I just realized my chart looks like the gay flag – LMAO 🙂