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Knocking On Heaven’s Door

Knocking On Heaven’s Door

Knocking On Heaven’s Door

by The MoleMay 1, 2014

For the fourth time now we are knocking on (bull) heaven’s door – a.k.a. any handle beyond 1880. So it’s definitely not for a lack of trying but no matter how you turn it there’s simply no activity looming above on our E-Mini volume profile chart. A hop higher will take some doing but I have an inkling that once she breaks loose she won’t be looking back.

This remains to be our most important road map on the equities side and you don’t need to be a seasoned chartist to figure out where participation is concentrated – until right now that is. If you want to be short then this is your best chance – right here and right now with a stop above 1880is. As you recall I’m already long since that long hammer, so let’s take a look:

Really not much going on here – we’re bumping against a daily NLBL and that’ll have to be overcome first. My position size is pretty modest here as that hammer was pretty damn long. But that also permits me some staying power as I am sure there’ll be plenty of whipsaw ahead of any potential push higher.

10-year bonds are at their own inflection point – the daily just busted above the 100-day SMA but it’s the weekly panel that has me excited. We’re bumping against a weekly NLBL plus the 25-week SMA. A push above 124’230 will put me on the bus for a ride higher (if things work in our favor that is).

More waiting below the fold – please step into my lair:


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That’s it for today, have fun but keep it frosty!


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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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