The Gloves Are Off

Okay, I’ve seen you guys mock about during a time when we are approaching inflection points across the board (hardcore crew excluded as usual). The gloves are now officially off and I’m going to make this a freebie to reign in some of you heathens who may just have a prayer to jump on board here before the train officially leaves the building.

Here are some inspirational tunes to get you into the mood. Cease the moment! Enough said – let’s get down to business, I’m seeing a veritable explosion of setups today and will roll through them with minimal commentary. Discuss them amongst yourselves, bitch at them, laugh at them, trade them – all the same to me – as long as you don’t ignore them. There is mighty coin to be made and this is as good as it gets.

NQ futures – great early morning entry. If you signed up to my mailing list then you received an early morning explaining the setup and the possible implications. I’m not going to repeat myself as it’s crunch time. Either get with the program or find yourself on the other side of my trades.

The spoos – similar configuration and I particularly enjoy this nice diagonal support line which is terminated by a NLBL right now. The bears need to get things rolling or this take down attempt will fizzle out just like all the others.

On the volume profile side we have some weakness awaiting around 1531 – this nicely lines up with my 25-day SMA.

Okay, let’s pick up the pace here. AUD/CHF – approaching its resistance line again. Let’s see what’ll happen at the 100-hour Bollinger.

Inside day on the AUD/JPY.

25-day SMA touch on the CAD/JPY – possible support on the hourly side.

CHF/JPY – diagonal touch and possible support on the hourly.

Three reasons why this is a great spot to dip into some EUR/CHF. Let it pick a direction.

EUR/JPY looking a bit like the CHF/JPY.

NZD/USD – back at its 100-hour and above its 25-day SMA.

USD/CAD zip lining down that 25-hour SMA and now meeting with its 100-hour again. The 25-day will be key – thus far it’s holding.

USD/JPY – looking like it may encounter support.

Cocoa – may breach above the daily and weekly NLBLs.

Platinum – still below its diagonal but the 25-hour may gain traction.

Bonds – love that setup on the ZB.

But not as much as the one on the ZN – already tested its 25-day and that 100-hour may lead higher.

Soybeans looking great across all three panels – hourly/daily/weekly.

Get busy.

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Cheers,

Edit From Scott: A couple more setups from me. I mentioned the Euro was setting up yesterday, and it has nicely. We have a pinched bollinger band, lowest volatility this year, then an uptick, then a potential retest variation buy. As a buy or a sell setup this is excellent. As for the $SPX, yesterday we had the potential retest variation sell, and the downside appears to be the highest probability outcome right now. However since we are unbiased traders we cannot ignore the possibility of the bears fumbling this opportunity for the 100th time in a row. If the bears f**k this up I want to be long while they cover. Therefore we have the identical setup (retest variation sell) in reverse, a retest variation buy. If you took the short setup I suggest you lower your stop to the daily high (reducing risk) and prepare to go long if breached.

Mole’s verdict: