Now Reading
Sweet Mercy
186

Sweet Mercy

Sweet Mercy

by The MoleJune 15, 2009

11:00am EDT: FINALLY – we have confirmation:

This seems to confirm that the peak of (Y) was last Thursday. Now we wait for a little bounce. FYI – I’m long the ES since 919.25 – I think we might get a little bounce here.

1:18pm EDT: The Dollar painted a nice inverse H&S today:

Looking pretty good for our 84 medium term target.

1:24pm EDT: Alright, that ES trade didn’t work out – probably should have known over and hour ago when we weren’t pushing up after that entry signal. Anyway, what I’m however seeing now is a very distinct divergence between the ES and the NQ. I think the prop desk monkeys are trying to push the tape higher via the NQ/NDX but it’s not working. Bears have smelled blood and had enough of the games – seller is stepping in every time we touch 919.

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator