Now Reading
One More For The Road
121

One More For The Road

One More For The Road

by The MoleMarch 13, 2019

Our time in Sète is nearing its end as we are scheduled to head up into the mountain areas NW of Castres which is about 100 miles away. The weather report has actually improved a bit and we may just see a few rays of sunshine intermixed with a some rain showers during our time there. Could actually be nice as the air is going to crisp with temperatures ranging between 55F and 68F.

Quite frankly I can’t wait as the hustle and bustle here in Sète is highly reminiscent of what we are dealing with in Valencia all year long. As I already mentioned last week – Internet access in those parts is going to be spotty which is why I decided to step aside and hand the keys of the lair to Tony, my trusted quant trading buddy.

Not to sound like a broken record but I strongly recommend you sharpen your pencils and absorb as much as possible of what he deigns to share with us. As always you are encouraged to ask questions in the comment section should anything be unclear. Tony is a great guy and will be happy to sort you out.

Now as I won’t be trading during my relative absence (again I’m really not sure what awaits me there) the emphasis of today’s post will be to point you into potential setups that may come into focus in the coming week.

On the E-Mini side I do not see any indications of weakness thus far, which most likely will mean a stop out at ISL in my current lottery short position.

Here’s the SPX:VIX ratio on top of the cash index. No divergences there as the VIX has continued to drop in the past few sessions.

Now look at that UVOL signal over the past two sessions – nice and smooth – no drama whatsoever. So given the probability of continuation higher I’ve already placed a stop limit order near my current ISL to put me into a long campaign with a new ISL < yesterday’s entry near ES 2791.

Chart Voyeur Victims

Okay now these are the charts I want you to keep a close eye on over the next week.:

Gold has been quietly pushing higher and seems to be engaged in a LV short squeeze – which can be among the nastiest as short holders are slowly being simmered to death on a flow flame.

Any dip back toward that 100-hour SMA is worth taking but I would probably wait for a spike low followed by a retest. Since gold is in a LV phase there are good odds we’re going to get at least some time of ST floor pattern.

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.

Alright – that’s it for me for the next few days. I’ll do my best to pop by here and there as connectivity permits. À bientôt!

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