Knocking On Heaven’s Door
Knocking On Heaven’s Door
Guten Morgen! The NQ futures are currently knocking on heaven’s door – i.e. the 4550 mark. The ST panel is looking supportive and DathMole tells me that volatility is about to expand in the coming hours. I’m already long the spoos since yesterday but if you guys aren’t exposed here’s a pretty good opportunity near an important inflection point.
If the NQ drops back through the 25-hour and below 4534 then I’ll try a short position with a stop above 4548.
I only found one more Forex symbol and unfortunately I’ll have to keep that for my intrepid subs. So please grab your secret decoder ring and meet me in the lair:
It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.
Please login or subscribe here to see the remainder of this post.
UPDATE 3:00pm EDT: Not much to add here this afternoon. Looking at the Zero and total lack of direction I decided to not go short the NQ and simply hold my ES longs, which thus far have not been stopped out. I’ve moved my stop to below the 100-hour SMA which is currently scraping ES 2108. I will take a quick look around but doubt that I’ll see anything worth grabbing before the close. One of those days – plus, it’s summer – plus I have better things to do right now (hint – see graphs posted in the comment section).
Cheers,
