Pushback Thursday Wrap Up

Hey, I told you guys last night to take profits right away at the open, so I hope nobody got taken to the woodshed today. Here’s the session in all its glory:

That fast drop EOD was so predictable – if we open near today’s close tomorrow then I think we’ll see some follow through to the upside.

Geronimo nailed one today – hey, better than a kick in the shin, right?

Here’s a quick update on the spoos for the subs:
[amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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As you all know we rolled over to the Sep contract today, which is called /ESU1 on the TOS platform, others may call it SPU1, it depends on your broker. Note that this is what the nickname ‘spoos’ comes from as it originally referred to the September quarterly contract.

Anyway, we pushed lower during the overnight session which means that our NLBL now advances up to 1295.5. Yes, we are still ways away from that and if we touch it I recommend you take profits. But if we close above that one I expect some late dip buyers to storm in and push this puppy quite a bit higher. So set your clocks boys and girls and make sure you clip your fingernails before you show up to Evil School.

Cheers,

Mole
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