S&P Bomb Shell Monday Wrap Up

FWIW – I don’t see S&P really mustering up an actual ratings drown grade until far after it’s way too late – politically too inconvenient (think black helicopters hovering over 55 Water St.). But the early morning jaw boning certainly left a mark at the open as the index futures literally shit themselves. Here’s are the spoos:

However after drawing a few lines in the trading floor bathroom it was quickly back to business and thirty minutes after the cash market opened the marines stormed in to safe the day. No gap fill though – so, this may see some follow through.

I think the signal was pretty clear all day – this was an awesome long opportunity as soon as the ZL pushed toward the mark. Once it breached it and VWAP followed suit it was easy pickings all the way.

On the ZeroFX I have combined the last few sessions into one long video. Sorry for dropping out of tunes two thirds in – I was too lazy to re-encode the damn thing from scratch.

Not many comments in there today but I recommend you watch out for those blue line spikes/drops – those seem to be consistent setups for a reversal trade. Anyway, if you don’t have the patience for the entire vid I still recommend you scroll forward to 7:15 to see the Monday session – I highly recommend it.

Cheers,

Mole