Whiplash Wednesday Wrap Up
Whiplash Wednesday Wrap Up
In yesterday’s wrap up I made the point that the Zero Lite wasn’t buying the drop – and once again it was spot on:
The green support line indeed served as the tramboline for this morning’s gap open. Things kind of fell apart from there but again the drop lower was not supported by ole’ Zero as it painted a complete flat line. Toward the end of the session some tiny participation returned which pushed the tape momentarily above VWAP. Decent day for the Zero – no major divergences I would have played. But it’s always valuable to know in advance when those fast intra day drops are not supported by momentum – going long at support levels has been paying off for months now.
Alright, I’m trying something new with the ZeroFX track – commentary in real time. I think there were some very valuable signals here. Let me know what you guys think – as always I am open to suggestions.
Cheers,
Mole
