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The Box Of Pain
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The Box Of Pain

by The MoleSeptember 24, 2019

I’m sure you’ve heard of the Iron Maiden before – no, not the band, which is awesome – but the medieval torture device which seemed a lot less entertaining. Like most of you I learned about it as an impressionable young kid and shuddered at the notion of some poor soul slowly being impaled inside. There’s only problem: In reality it actually never existed!

The guy who’s to blame for this medieval myth was one Matthew Peacock, some unknown incel with questionable social skills who lived during 1800s and had a knack for of collecting medieval torture devices. I’m sure the guy was a huge hit at parties. Per Gizmodo:

He wanted to prove how very much better the then-modern era was than the past. (It’s tough to say why he tried so hard to prove it. Not too many people were arguing with him.) The iron maiden, which he pieced together from pieces of memorabilia, was meant to “show the dark spirit of the Middle Ages in contrast to the progress of humanity.” He gifted it to a museum, where it has been delighting and horrifying people ever since who believe it was used to torture people in the Middle Ages, even though it wasn’t.

And there you have it – the gruesome Iron Maiden became an instant hit with Peacock’s contemporaries and thus was firmly cemented in the mind of the public as a notorious medieval tool of torture for centuries to come.

Which goes to show how easily the public can be fooled, especially when it comes to emotionally stirring tales or ideas. Think about that next time you come across some clickbait aimed at rattling your senses.

Now what inspired this post’s theme in the first place is the fact that we seem to be once again stuck in a ‘box of pain’ which extends between ES 2975 and ES 3025 – roughly 50 handles of whipsaw with plenty of historical volume to keep it going for a while longer.

A breach > the 3030 mark is probably needed for equities to rekindle a frailing bull market, but if you caught yesterday’s post then you know that the odds are pretty low for this happen this week.

UVOL/DVOL is looking rather interesting. Compare Thursday’s or yesterday’s signature with that of Friday’s. Quadruple witching will do that to you.

I keep looking at the Dollar and I like what I see. The daily panel does show a lot of retracement but the general trend on the weekly panel is most definitely pointing higher. And to be honest, given the incessant games played by central banks worldwide one should never expect a LV run higher in any major currency.

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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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  • http://iberianviews.blogspot.com/ catracho

    very apt box of pain (or boredom) so looking at long term charts for fun…(not trading short term)
    Still like this long view of the DAX,

    https://uploads.disquscdn.com/images/379b40b308a2d9322c4c18932dd874642901ac2b0ecbf1c33b30aeccabc2e6e2.png

  • http://iberianviews.blogspot.com/ catracho
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    interesting.
    so emotionally stirring goes way WAY back, beyond the 70’s!

    https://townsquare.media/site/295/files/2018/06/kiss.jpg

  • ridingwaves

    Dark Hair seemed to be pre-requisite for rocknroll star…..

  • pepe
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    big red candles & RSI 69.
    like Peanut Butter and chocolate

    edit: a MACD histogram near zero doesn’t hurt either.

  • Julie 35 – 25 – 36

    $SPX Still range bound 2975 – 3020 Possible double top with the July high.A battle between bulls and bears is seen at tops
    JULIE

  • http://www.quemango.com Herb InCebu

    Did you take the short?

  • http://www.quemango.com Herb InCebu

    JBL very solid breakout.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://www.quemango.com Herb InCebu

    Thing is lots of these breakouts are failing. HUYA just took out all the stops. Maybe it reverses higher but it still failed. 🙁

  • pepe

    Yes via puts two days ago.

  • pepe

    SQ hit $54.50 support then massive short covering / buying.

  • http://www.quemango.com Herb InCebu

    I thought they were the shit when I was 12. Now they look like perverts.

  • Julie 35 – 25 – 36

    GG She paid his bail and he skipped town.Last report he is heading to Phoenix hopping a train lol
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    good luck. The grand canyon is in the path.
    He’ll have to risk L.A. first.

  • Julie 35 – 25 – 36

    If he is going to starve to death at least he will starve to death warm.lol
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III
  • https://evilspeculator.com Sir Mole III
  • https://evilspeculator.com Sir Mole III

    How can you resist that chest hair??

  • Julie 35 – 25 – 36

    GG I am texting her now about his planned route for the getaway lol
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I see the blue arrow, but that scale is 0.9
    let’s see 2.0 or even 3.0

  • https://evilspeculator.com Sir Mole III

    He’s the expert.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    there’s is probably a statistical distribution of deviations from VWAP.

  • http://www.quemango.com Herb InCebu

    Maybe they should get some wax treatment. LOL

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    she won’t get it. she needs context of the story.

  • Cyd

    Mr G I shorted XHB at approx 44 so plenty of cash to help him out on his escape from the long arm of the law.Julie texted me LOL
    Cyd https://uploads.disquscdn.com/images/c3d8404cdd224e37ecc24d3c7cf99dbff44064c67d8e0ae31aeb012b312823bd.png

  • nirav777
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    you women, always cravin’ for the bad-boy.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    “Jump! Jump!”

    somebody push this scaredy-cat mofo Market off the cliff.
    https://uploads.disquscdn.com/images/162450b9f66702b6e11a4f34117b65b84322edb063ea3b6ed8b855c649f11cee.png

  • https://evilspeculator.com Sir Mole III

    I’d probably give it another 30min to an hour to get a better read. A lot of volatility here at the open.

  • https://evilspeculator.com Sir Mole III

    Disqus is driving me nuts lately. Is anyone else having issues?

  • Julie 35 – 25 – 36

    Sometimes Chief
    JULIE

  • nirav777

    agreed, nor do internals suggest a short; AD ticks all seem to suggest a trap.. have to see what the admiral says…

  • Ronebadger

    Kiss’s first performance in make-up was at a small club called The Daisy in Amityville, NY (The town of my birth). Where? You guessed it…on Long Island. Same Amityville as in the Amityville Horror. The house is still there…but there was never a “horror”…just some guy that murdered his family once. The house was never “haunted”, as you may have heard.

  • http://www.quemango.com Herb InCebu

    GC really moving nicely.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    yes, my last graphic, took 3 abort/retry attempts.

  • http://iberianviews.blogspot.com/ catracho

    NDX 2 hours – breaking 7740 – might be key for more downside
    already testing a key level
    https://uploads.disquscdn.com/images/16b0a97ecfa604abb12afb72091c094de9026477d70668f6af7d62a33ea8195e.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    it’s falling too fast. probably a target out there.

  • Ronebadger

    I got your SPX 60min chart right here…complete with orange trend lines https://uploads.disquscdn.com/images/88a1259d9849282b7c58fb30f08a48ba74ebe52b4e3c71a31ad3d82304d93d53.png

  • Mark Shinnick

    This has makings of something real; little about equities seems able to show much strength.

  • HD

    Just a hair early selling at roundy 3000. My bad….. lock in 30

  • nirav777
  • nirav777

    Mole alerted to that test prior, and were here now, w/ some div into that im building

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • HD

    I’ll join you

  • ridingwaves

    Bio index XBI showing the way down…..if it would just close that stinking gap, I would be willing to take big LABU after it hits 75-75.40, need an RSI oversold and exhaustion-capitulation drop…..crossing fingers for this week….

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    taking some off the table.
    always room for higher price (squares)
    but the majority of the orange has been squeezed, in my lens.

    https://uploads.disquscdn.com/images/1eca7f52db907cb9a1cb5c349283021defef0338b768c7f9123420a83fd3e64f.png

  • Mark Shinnick

    I’m not that optimistic on the sector, but that’s a very loaded gap zone for sure.

  • BKXtoZERO

    Good Mourning!

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    The Warren Buffet of TVIX, or should I say ‘Indian Buffet’?

  • BKXtoZERO

    I pulled a bit off at 14.24 but I was down on some from as high as 15.7, so no awards just yet, but I think they are coming soon

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    it’s in the Bag, go for it Mate! (gold level)
    😉
    https://uploads.disquscdn.com/images/3593b133496a9fa26d958fe120bb4f2743847870d670242d032a4177c38dcc54.png

    edit: 13 days before the Equinox. bag holders.

  • ridingwaves

    I’m running with some bio symbols, got a little overbought but would love that gap close and then XBI push back into high 90’s…..
    last sector not to break out and up..

  • pepe

    Sold all SQ puts for a 10% profit. Right on direction, really wrong on trade strategy. Learned an invaluable lesson about naked options (Thanks @molecool:disqus!).

  • https://evilspeculator.com Sir Mole III

    In your case that’s a feature.

  • BKXtoZERO

    I am expecting failure…. maybe after a bounce.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    NFLX is bleeding, but TWTR,
    now that’s interesting.

    Will the down move have enough momentum to break the channel/wedge?
    https://finviz.com/quote.ashx?t=TWTR

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Darkthirty

    c of C or iii of 3

  • BKXtoZERO

    another tweet? gotta be quick!

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    and WHOOOSH.
    (face palm)

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    from’s G*ds lips I expect.

  • Darkthirty

    22 pts in 1 minute…projects a 5287 ES close.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Meh, HWB at best.

  • HD

    Very nice call nirav777! Locking in 15 more.

    If you guys haven’t noticed n777 nails the lows, like every time.

  • HD

    I don’t have a count right now. Chop

  • Julie 35 – 25 – 36

    SPX A ton of resistance 2982
    JULIE

  • HD

    VWAP is 85

  • Julie 35 – 25 – 36

    HD SPX cash 2960 the 34 ema I always watch fib exp moving averages
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Mole, you still got your video making skills?
    today would make a fantastic refresh video on the Power of Zero.
    just say’N.
    -GG

  • HD

    Good eyes. 2960 trades twice so there was plenty of time to get in for that ripper.

  • Julie 35 – 25 – 36

    SPX Intraday charts There is a very well defined declining tops line.Todays high and failure was at the tops line and also a back test of a broken lower trend line Draw the trend lines Guys
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    you’re looking at the kitchen counter, and I’m staring at the plumbing.
    (oh, that doesn’t sound right)
    😉

  • Mark Shinnick

    If its for real…don’t count on a tradable bounce.

  • Julie 35 – 25 – 36

    GG Cyd and I had our doubts this rally and stayed in cash with our 401K’s

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    that’s good. I was wondering if you would get in late, and then have to bail. usually a penalty.

    TLT, the run to safety CONTINUES!!
    https://uploads.disquscdn.com/images/83456d07444240d6d2d106dda6396f4f4ea23ae94b4d0c81fb47e6630710ff24.png

  • Julie 35 – 25 – 36

    GG Bozeman News Wyoming Highway Patrol has captured the miscreant on the lam hiding beneath a boat near Gillette WY lol
    JULIE

  • BKXtoZERO

    Poor mans zero did ok today too…. Plain old RSI

  • pepe

    Looks good, clear to $146 and beyond.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I may not ever figure out oil & energy.
    but I know a chart, and when it’s trying to reverse.
    check it tomorrow.
    https://stockcharts.com/h-sc/ui?s=ERY&p=D&yr=0&mn=2&dy=0&id=p02043514009

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    BTW,
    BL has been AWOL since Saudi was attacked.
    where’s BobbyLo?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    that candle is so messed up.
    wow.
    How powerful are you to move a market that fast?? 20 pts in 10 minutes.
    https://uploads.disquscdn.com/images/9889f39fbb6bb338301d6d8c9b5b1f4389679935709525ea499af1792240ec60.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    oh its him again.

    “Hello?, why yes Mr. President..”
    https://s.hdnux.com/photos/01/04/13/77/17874887/3/rawImage.jpg

  • pepe

    Both DOCU and XHB hanging on by a thread (@ $62.10 and $43 resp.). Locked and loaded for a drop.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    oh ho.
    “Breaking: House Speaker Pelosi to announce formal impeachment inquiry of Trump”

    this is a two prong attack.

  • https://evilspeculator.com Sir Mole III

    The saga continues. So what exactly are they going to impeach him for?

  • Mark Shinnick

    Oh, come on!! Everybody knows….but can never really answer the question :/

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Dunno, they are being cagey about it.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    does it rhyme with Biden?
    😉
    we can talk politics now, that it’s impacting the Market?

  • Mark Shinnick

    It was termed in the 70’s “The Modern Political Economy”

  • Julie 35 – 25 – 36

    Guys Political activism is disallowed in Montana Public Schools. Teachers and administrators can be fired for promotion of said activities.The 3 R’s are taught which is the way it should be
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Reading, Riding, & god bless….Reloading.
    LOL.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I studied modern art in the 80’s.
    ps. ‘it wasn’t modern any more’.
    😉

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Time check.

  • Darkthirty

    look at a 1 minute chart, more impressive….

  • https://evilspeculator.com Sir Mole III
  • https://evilspeculator.com Sir Mole III

    Go Montana!!

  • https://evilspeculator.com Sir Mole III

    You forgot the most important one – romping!

  • https://evilspeculator.com Sir Mole III

    Yeah I didn’t record the session but it was pretty much textbook.

  • Ronebadger

    If Trump disappears, we are left with Pence. Not a bad deal, as far as I’m concerned…Pence checks all the boxes. The Dems won’t like him, either.

  • http://www.captainboom.com/ captainboom

    Those lows also coincide with the volume hole that Mole posted about above.

  • HD

    HD Mod • 7 days ago
    CL= widow maker.
    $55 is a Fibonacci number.

    Everyone got bullish and $55 trades. ur welcome

  • HD

    being an idiot

  • http://www.quemango.com Herb InCebu

    Appears to me that BTC getting near a possible buy point. I’ll try GBTC at ~9.50.

  • HD

    2960 again, gonna pass this time

  • HD

    I disagree, Pence is somewhat of a politician. He could govern at least. People may not like his politics but he has a vocabulary higher than a 4th grader. Big upgrade

  • pepe
  • HD

    nice. I don’t think the schools are bad. The notion that kids are brainwashed by liberal educators is silly. America just hates education

  • HD

    I have a few little HD’s in school and the curriculum is so rigorous that I don’t know when all the brainwashing would even happen.

  • pepe

    It’s highly unlikely that 2/3 of the senate will vote yes to impeachment if it gets that far but it might sway voters towards the democrats alt. backfire completely. Just speculations from my side.

  • pepe

    DOCU target $58-ish but not if the market decides to rebound. XHB is a grind and might not be a good swing. A reversal is cooking in NUGT and TLT but waiting for confirmation.

  • Ronebadger

    Pence is probably too conservative for most Dems.

  • Julie 35 – 25 – 36
  • HD

    only getting 40MBPS this am, should be >150 no beuno

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    soggy lines, Tucson can’t handle the wet ground.
    😉

  • BKXtoZERO

    Long crude via UWT at 11.42

  • Julie 35 – 25 – 36

    @ PEPEhttps://uploads.disquscdn.com/images/85414bc1e84efe214bb25dd866d609c65bef4b1beb83310222edd94b86ef9337.png Nice trend lines I have same. Also trend lines RSI and MACD short term oversold
    JULIE

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    Also 61.8% retracement not shown
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    whoa there, easy. Save the rings for post brunch.
    😉

  • http://www.captainboom.com/ captainboom

    I’m stuck on DSL with a whopping 3.3 on a good day. Fiber in across the street, and the dirty bastages aren’t letting me hook up. Grrrrr….

  • ridingwaves

    Winning…the left hates it…

  • BKXtoZERO

    comical to look at news coverage of this impeachment thing…. Go from Zerohedge transcript and a nothing burger to CNN ( i go there just to look at the headlines and what they are pushing) and the whole page is bold red fonts, Trump pushed Ukraine, classic mob shake down. LOL

  • HD

    What about LTE? I get about 13

  • Darkthirty

    Just a strategy. If you continually attack your opponent, he must assume the defensive position. If your attack is not effective and you wear yourself out, well …… Were alternative news sources unavailable, his position would be untenable.

  • Darkthirty

    Getting redundant, isn’t it? Need to elect a senate to take care of business and let these fools play their game.

  • pepe

    It’s the smart (or only?) play to release the transcripts to defuse the issue but also very risky. If the congress vote to impeach Trump then the senate has the choice of either backing Trump (by voting no) or Pence (by voting yes by 2/3) dependent on who the Rep leadership think might have the best shot at winning the 2020 election. Personally I think the next president will be a woman.

  • pepe

    DOCU bounced on oversold (low volume) and can now continue the descend to the high 50s. 😉

  • HD

    Nothing really shocks us anymore about the potus. No matter how it’s reported.

  • http://www.quemango.com Herb InCebu

    The GC pull back looks good for entry.

  • http://www.quemango.com Herb InCebu

    Anyone getting into NUGT today?

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://www.captainboom.com/ captainboom

    I have LTE available, but it’s spotty and my cell drops service. Also don’t have unlimited data on my phone plan.

  • http://iberianviews.blogspot.com/ catracho

    It seems very quiet today?

  • HD

    SPX down .005% for the most bearish week of the year. VIX 16. Who’s telling the truth?

  • http://www.quemango.com Herb InCebu

    No pain no gain, hold the cage and the chain.

  • nirav777

    Update: Closing 1/4 of 2960 long here 2985, for +25 or 2:1 R roughly// looking for 3k and 3015.75 other locations to release maintain original risk still

  • nirav777

    3 points to go!!

  • nirav777
  • Julie 35 – 25 – 36

    Another look at USO You can see the short 7 trading days prior. Up thru the bollinger bands then down thru the bollinger bands and supports.I was on vacation and didn’t trade
    JULIE https://uploads.disquscdn.com/images/7f588ca1ca7cc6d102116f1b40c6c602b14a755add65a71538cb6840be19c83f.png

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    Guys watching SPX @ 2986 the 5 ema which closely matches the declining 60 min 55 ema at 2988
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    back from lunch,
    {sigh}
    there goes another wasted Put.

    I call this the kitten & the clothesline scenario.
    https://uploads.disquscdn.com/images/d52feaa056ed0e5226f4ea044039dfc05cde19c40d6e38715eeabef57111ab00.png
    Shennanigans

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Tyler Durden reads EvilSpec.

    Julie, wasn’t I just talking about plumbing?
    What are the odds, 1 in 365?
    😉

    https://uploads.disquscdn.com/images/f932d25ab56b7618b06800a3eb5287459dd4b7b4f0ec06ee5d7308df35d7e723.png

  • Julie 35 – 25 – 36

    GG …LOL!
    JULIE

  • http://gerb-reloaded.blogspot.com gold_gerb

    BTC. Timberrrrrrr

  • http://gerb-reloaded.blogspot.com gold_gerb

    “Google’s Quantum Computer Breakthrough Not A Risk To Bitcoin, Says Dev” -yeah right.

  • ridingwaves

    If Warren is elected, the market will collapse…..Harris has no shot, she is a dimwit with 3 brain cells….typical san francisco corrupt liberals..

    Trump wins going away, the bankers and wall street love him…..