Now Reading
Knocking On Heaven’s Door
0

Knocking On Heaven’s Door

by The MoleSeptember 16, 2020

The E-Mini futures have been advancing higher in the pre-session and we are now approaching the crucial inflection point I have been highlighting for the past few sessions. It’s probably no exaggeration to say that what happens today will most likely affect the remainder of this month going all the way into the presidential elections.

So let me paint the picture for you guys. As you can see in the left panel the futures are already trading above the previous spike highs which were painted right around the December roll over.

On the daily panel we see one more hurdle ahead delineated by my Net-Line Buy Level which basically marks last Wednesday’s spike high at ES 3427.25.

Like clockwork realized volatility exploded at the beginning of the month but has completely died down over the past two weeks. Seasonality or not – this does not work in the bears’ favor.

On a weekly basis it appears that the weekly NLSL ES 3340 and change was successfully defended.

Now let me show you what really matters in today’s session and how to plot the path ahead:

evil_separator

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.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator