The ACD Method

Yeah you are not going to get any tells watching SPY. Watch bonds, Euro and oil for better clues. The market is revealing a lot of information right now to those who are listening.

 

Do I hear $100? Bueller? Bueller?

 

DerSlutharsch = The Slutass ?!

 

Bonds breaking down hard here. Don't fade risk assets guys. I think we have a strong tail wind.

 

This 30 level in the VIX seems to be where the line in the sand is.

 

By the way the low close on spy at 122.00 11/01 is holding so far. I like a hedge of 1220 es if we can extend a little higher.

 

The upside targets for ES are 1272.50 for the weekly and 1290.50 for the monthly.

 

Weekly A up in AAPL is 390.25. Almost there. Here is the deal, if AAPL can confirm this week, we'll rally the rest of the week into the monthly A up on the ES at 1290. That's your tell. Write it down.

 

Today's trade on SPY. Quite happy with the result although I wish I were at home today to be able to trade the failed A down, what a powerful move.

Love ACD!

 

Finally got the chance to get long OXY at 97.75. So far so good. Stop is a close below 97.97.