Told Ya So Thursday Wrap Up
Told Ya So Thursday Wrap Up
So we pushed above the 1300 Maginot line and it seems the longs are settling in for the long haul.
Interesting signals on the ZL today. After the initial gap at the open we dropped but recovered quickly and the boyz pushed it above SPX 1300. From there it was basically just a slow churn into the close with a clear trend to the upside, with one exception that is. Thre was a brief drop in the ZL signal but prices did not manage to breach VWAP. From there the signal kept crawling higher along the green diagonal I drew half way through.
Geronimo had a decent day – two winners and one stop out. What this also tells us is that the boyz are playing the game again and implicitly is supportive of the bullish outlook.
Cheers,
Mole
