Hitching A Bus Ride
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 😉