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The Bulls Just Blew It (Maybe)

The Bulls Just Blew It (Maybe)

by The MoleOctober 31, 2013

I wanted to make sure everyone sees this before I hit the hay over here in Spain. In a nutshell – the bulls just blew a major opportunity to stick it to the bears and given the recent participation we need to entertain the notion that we may see a more thorough correction. Now, the fat lady has not sung yet but we need to make sure to watch that hungry bitch before she raids that refrigerator again:

So this is where we are at – there’s an hourly NLSL at 1750.25 plus the daily dons one at 1751.5. So let’s just call it 1750 and be done with it – shall we? If we breach today’s lows overnight or tomorrow then I think this thing will resolve lower. Until a breach of 1750 happens market makers may just have had some EOM fun and this will lead higher. So set your alerts folks and let’s keep watching the spoos overnight.

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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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