Well Positioned But Skeptical
I’m a bit on the fence when it comes to equities today. Although this morning’s NQ entry (or the one on the spoos if you weren’t a sub) played out very nicely thus far, I’m not convinced that this isn’t just yet another fake out spike before it turns on a dime again. So call me positioned in the right direction but skeptical – for now.
This is the general thorn in my eye and it’s also present on the EUR/JPY: a pretty juicy divergence which however has not managed to exert gravity just yet. FWIW – there’s nothing divergent on my ST volatility and momo charts.
And that’s where I got in as per this morning’s evil plan – 1/2R at the second touch of the IP trigger this morning and another 1/2R when it pushed above 3600. On the spoos it also was an IP and I proposed the second half R above 1880.
Speaking of which – seems like we’re back at the 100-hour SMA and that is where we’re currently running into a bit of resistance. Let’s see how the EOD plays out….
Nice setups today but since I don’t see you leeches being active I’ll keep them all for my intrepid subs 😉
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.