Not much going on out there and I’ve been slinging some code in favor of watching the proverbial paint dry. On the equities side we seem to be pushing sideways again which is a bit surprising:
The volume profile on the E-Mini is showing us inside quite a bit of activity and I didn’t anticipate this type of tape until 2100 mark. Then again it’s Halloween and quite a lot of folks are busy squeezing themselves into silly costumes in anticipation to get wasted. Now that’s a strategy I can get behind of!
Gold is starting to look a bit frisky here and I am looking forward to a solid retest of the 100-day SMA. Once that happens I’ll be waiting for the daily to offer me some kind of entry signal. Which direction you ask? Depends on the tape – the gold bugs have a good chance of producing some support here but as usual it won’t be without drama.
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And that is it for the week. Here’s me wishing all you merry rats a very spooky and stimulating Halloween weekend. I hope it’ll be all treats and no tricks! 😉