Slippery Plate Monday Wrap Up Video
Slippery Plate Monday Wrap Up Video
Enjoy a re-run of today’s E-Mini session exhibiting participation as measured by our Zero indicator. On the left side is the hourly panel and the Zero Lite runs on the right via the 5-min panel. Swing traders and scalpers are encouraged to watch the 5-min panel for early clues – in particular price/signal divergences and lack of participation as expressed by a flat signal. If you like what you see then may want to watch some earlier ones – you will find plenty of examples of what to look out for and how to avoid common traps when trading the E-Mini. Plus you may enjoy the tunes 😉
Equities literally fell off the plate today and the selling continued all the way into the close. Viewed via the Zero indicator this was a text-book sell off session as the Zero Lite never managed to push above the zero mark. Pay close attention – this is exactly how fear and panic looks like on the way down. There was no reason to look up or to expect a bounce anytime during this session.
Bonus Chart:
Heisenberg caught a nice entry on the spoos today a bit over 1770. Let’s see how far it manages to ride it.
The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.
Cheers,