Now Reading
The Shake Out
43

The Shake Out

by The MoleApril 25, 2014

And there she goes – after a final fake out spike higher yesterday morning we’re now back to scaring the puppies. If you are a Zero sub in the past few days then you may have noticed that participation kept turning into a flatline at the end of the session. That usually portends monkey business looming around the horizon.

Our short term map has us below both SMAs right now and once the 25-hour drops below the 100 then we’ve got a bit more serious upside resistance. As of right now things could still easily spike higher near the open.

If we descend lower then 1860 is our next logical support zone – a daily NLSL plus the 25-day looms nearby. A drop through that puts us probably near the 100-day which is approaching 1830.

Not much happening on the setup front this morning – what I was able to dig up I’ve got to keep for my intrepid subs – sorry folks 😉

evil_separator

It's not too late - learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

See you later near the end of the session – until then have fun but keep it frosty. I would also very much enjoy seeing some charts for a change – so get busy!

Cheers,


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

  • Ronebadger

    Thanks Mole…my sentiments exactly on the ES. I’m not playing much these days, too choppy…I’m glad on sitting on my thumbs. I’ve realized that I have been overtrading, getting whipsawed, so I’ve not done much…better for my brain.

  • RacerXX

    Can’t say I’ve ever seen “portends” in a financial blog post. Mole the cunning linguist!

  • newbfxtrader

    Show off! Hes German…

  • Skynard

    Bounce zone

  • http://dartht.blogspot.com/ Gold_Gerb

    Bullish Percent intraday turn.
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=2&dy=0&id=p90216479332

    If I had any longs, they’d be gone at this point.

  • https://evilspeculator.com molecool

    ¡Y ahora estoy trabajando superar Español!

  • newbfxtrader

    Lol I rest my case!

  • Skynard

    5 min div, here we go again

  • newbfxtrader

    @mole you dont give much thought to the daily zero. I guess your setups are mostly hourly based thats why?

  • http://dartht.blogspot.com/ Gold_Gerb

    everything was going so well,

    S&P 40 – yeah it’s a shakeout, or something.

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p43474050836

  • Skynard

    Long now for that snap, sell stop in

  • Ronebadger

    forming/finishing a bull flag?
    http://stockcharts.com/public/1092905/tenpp/3

  • Skynard

    No, div on the ZL. Bank coin both ways MF. See what the bulls have here.:)

  • Objectively_Bias

    1868-1866 was a formidable support zone that was just broken. If we retrace to 1867 I will short and look for a drop to 1857. Stop @ 1871.75

  • Skynard

    Good plan

  • Skynard

    Here is your long

  • newbfxtrader

    Long is trouble today. Zero is bearish.

  • DarthTrader

    I’m short but volume not expanding as much as I’d like . . .

  • ridingwaves

    Vix needs to push thru 14.50 to accelerate move

  • ridingwaves

    ruh oh…would like to see a long candle above that number hold for day to stay short

  • Skynard

    Whoa, here we go

  • Skynard

    If we are at a top in this market do not be suprised to see another squeeze here.

  • http://dartht.blogspot.com/ Gold_Gerb

    yeah, never say never.

    I was careful to avoid blue arrows in this chart. *cough*

    http://s3.postimg.org/6figzfs8j/pat_pend.png

  • bdoone

    Agree. Distribution takes time.

  • Skynard

    Wait for a div to re-short the MF.

  • ridingwaves

    White arrows are not under Mole copywrite

  • http://dartht.blogspot.com/ Gold_Gerb

    white? German? hey, let’s keep the racist tones down (guys), okay?
    ;-D

  • Skynard

    No time, short again says ZL.

  • ridingwaves
  • Skynard

    Oh well, their is your div at VWAP.

  • Rightside_ot_trade

    /CC. Hit its 1R at 2956 on the Daily Buy Line rejection & RTVS

  • Skynard

    5 min lower panel gives early signals, pay close attention to that.

  • Skynard

    My inflation fighter off some today, getty-up B!tch

  • Skynard

    Ran the stops, down we go.

  • Rightside_ot_trade

    If you can remember words like this gotta show off

  • Skynard

    Hourly on board, could get ugly since VWAP did not hold.

  • http://dartht.blogspot.com/ Gold_Gerb

    ‘down’ would be good.

    😉
    [S&P100]
    http://s13.postimg.org/f78p9td3b/settle.png

  • Skynard

    You still waiting for 1900?

  • http://dartht.blogspot.com/ Gold_Gerb

    LOL, I was waiting for you to say that!

    still a trading range IMHO.

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p28964907271

  • newbfxtrader

    No divergence on the lows in the zero. May should be fun….

  • Skynard

    Think the bears will take it down!

  • http://dartht.blogspot.com/ Gold_Gerb

    maybe then the April 03 INTC gap will be closed.
    (never chase a gap)

  • https://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨

    ¨°º¤ S H A K E N ¤º°¨

    ¸„ø¤º° B A K E !“°º¤ø„¸

    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸