Slam Dunk Equities Update

I’m a bit pressed for time tonight – so here’s a quick equities update. The spoos have touched possible support but things are hanging in the balance here due to a general lack in participation:

So there two ways to play this thing right now – technically we have a Gap Open Real Body Short setup starting tonight after the candle rolls over. Which means long above 1693.5 with a stop below today’s low of 1680.5 (which is one tick away from the 1680.25 NLSL I may add). OR you can be long right now with a stop at the NLSL – more speculative but it may get you a few more handles.

The short side is played via the stack of NLSLs which terminate at 1676.5 – then there’s that 25-day SMA which currently ends at 1674 – so a drop below all that support will mostly trigger a bunch of long stops.

Here’s a screen grab of today’s Zero indicator – on the right side is the Zero Lite running against the 5-min E-Mini. Let me tell you that a max signal of -0.25 is absolutely nothing – pure noise. So the tape can swing in any direction at any time – be prepared for that. Low participation tape breeds nasty stop runs.

I may chime in a bit later again if I see anything of interest. Until then keep it frosty and stick with solid setups – no guessing of direction. It’s easy to let your imagination fill the void – and that usually leads to losses.

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,