Hope you had a relaxing weekend – yadda yadda. I’ll spare you the usual pleasantries as we seem to have hit the motherlode this morning. I’ve literally got setups crawling out of the woodwork, so without further ado let’s dive right in!
On the spoos we are in a prime LT position to get positioned. The only problem is that we are still dancing on the knife’s edge and I don’t see a valid setup. So taking out a position here would be tantamount to a coin toss. As of right now the bulls have a minor advantage as major LT support levels have been successfully defended. Clearly the whole Labor Day weekend business has ruined last week’s chance of snagging an entry. Hopefully we’ll see an opportunity today or tomorrow – if we do I’ll be sure to post it in the comment section. Absolutely watch the Zero today – it will most likely provide us with important clues.
Gold – I’m already long and I hope you still manage to catch a seat. Stop below the recent spike low and then some as I expect a bit of volatility.
Quite a bit more waiting below the fold – please meet me in the lair:
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Now have fun but keep it frosty. See you guys later this afternoon.
Cheers,
