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Post Yellen Update
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Post Yellen Update

by The MoleMay 21, 2014

For obvious reasons I wanted to wait out the FOMC announcement whipsaw but now it’s getting pretty late over here in Spain and I’ll have to limit this update to two charts. First there’s the Zero which started to paint a positive divergence today:

Starting to look more positive but we still need to see a 1.0+ signal on the Zero Light (right panel). But looking supportive as of right now and this could drive higher into the close. Which brings me to my second chart:

The SPX cash is painting an RTV-L right now and it’s actually a pretty nice one. The long trigger is 1885 – I’ll take this one near the EOD with a stop below today’s lows. Once again only 1/2R and I’ll build it up as she goes. That’s it – see you guys tomorrow.

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Cheers,


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.
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