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Hitching A Bus Ride
23

Hitching A Bus Ride

by The MoleNovember 20, 2013

Forgive the late update but it made sense to wait out this month’s FOMC circle jerk. Now looking at the ensuing tape it’s quite possible we see acceleration here soon and I’m eager to find ways to hitch a ride on the right bus.

The NQ is actually already trading below a daily NLSL but it happened isolated yesterday and I wasn’t comfortable suggesting it. However, IF we close the session in the green then we’d have a bonafide Retest Variation Sell setup on our hands.

Same idea on the spoos actually although I’m not holding my breath on that one. If it happens then 1777 is where we pull the trigger. However one index is looking much more promising:

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That’s it for tonight folks – I’ve offered up quite a lot of AAA prime rib setups here lately and would quite frankly hear how you guys are faring. Please use the comment section – that’s what it’s for 😉

Cheers,


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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