Now Reading
Monday Night Quicky
14

Monday Night Quicky

Monday Night Quicky

by The MoleMay 4, 2015

I just got off a long phone call with someone in the U.S. and now I’m running a bit late over here in Valencia. So I hope you can forgive me if I’m running us through the charts quickly – Mrs. Evil is not known to be very forgiving if I let her dinner get cold. And yes, she actually cooks – a rare skill to be found these days.

2015-05-04_spoos_update

The E-Mini managed to tickle the daily NLBL at 2114.75 but then promptly reversed. That’s not unusual really and we could easily see another retest of the 2100 mark. I think the bulls are golden above 2112.25 – in between that and 2100 we are a bit in limbo as we have not seen a real break out yet. Below 2100 we may just make a another trip toward the 100-day SMA. Frankly I have no idea what scenario will transpire – best I was able to do was to grab a good seat on the NQ and the rest is in the hands of Mrs. Market.

2015-05-04_cable_setup

Cable – heck, I’m going long here as we’ve dropped like a rock and are now on top of the 100-day SMA and a NLSL. The path below is plastered with more NetLines and I think the easy part of the journey down is over. Does not mean this is a guaranteed entry – but it’s a justifiable one.

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.

2015-05-04_events_tuesday

Alright – that’s all for today – see you guys tomorrow. Remember we have a bit of event risk on the roster – AUD, NZD, and of course the non manufacturing PMI numbers for April right after the close.

Cheers,

Sign up here to receive my FREE early morning briefing:

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