turny toosday

GOOD MORNING YOU BIG SPUNKS!!!!

LOLOLOL

Just wanted to point out something that occurred in the o'night futures trading which has me nervously excited.

Looking at the IGMarkets representation of the XJO Daily



Price has "kissed" the 13ma from the upside...

Now as we all know, I know nothing,

However I have observed, time and time again, on lower time spans that this first kiss of the 13MA is oft a bounce point....

This is the first attempt to go long that I have been waiting for, based on the concept that what we are experiencing right now on the XJO is the initial retrace now continuation of a daily "whooshka" or the beginning of a weekly whooska...

Could a bounce fail here?

Absolutely

But as a minimum, price action after cash close on the US markets suggest we may well start with an up move locally.

i am already long and positive, though not by enough for me to phone my boss and tell her I aint coming back...

But... thought it worth your attention.

Note, observation on the hourly shows we are still below the 13ma and 21ma there... until we are above, we are below, lol

;)