Inside Day Fun Monday Wrap Up

Today was a pretty decent session on the Zero Lite and a nice opportunity to show you guys another example of how to handle gap & camp days followed by a bullish divergence mid to late in the session:

I think the bubbles in the video highlight several action items during today’s session. As a side note – as coincidence has it this also fits in nicely with the trend day related post I put up on Sunday. We got a LOW probability DOWN trend day alert at 10:15am EST but obviously our mysterious buyers put up a floor near the daily NLSL. Recognizing fake out spikes (like the one early after the open) and any signs of a developing floor after a sell off is the name of the game. If you don’t know what to look out for you either panicked early in the session or lost valuable handles late in the day.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Before I run – here’s a very juicy long term chart for the subs:
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More charts and cynical commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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Somebody (i.e. beentohardknocksU) already mentioned this one today in the comment section. VIX:VXO is now spiking into ridiculous territory. However, unless the spoos can breach though their daily NLSL and ole’ bucky pops a viagra or two I think we may just bust around sideways here before we push higher. The setup is there – meaning the door is open – let’s see if the bears are able to make this happen or maybe the bulls slip on a piece of soap in the gym showers. Watch the spoos and the AUD/JPY overnight – if we drop through ES 1360 and/or AUD/JPY 86.55 then we may just get ourselves a little correction. If not – meaning if we are holding those levels then remain patient and wait for new evidence.
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Cheers,