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The End of the Move on ES and NQ

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Good morning, Slopers. Well, it looks like the terminus of escape velocity is occurring at anywhere above 3,000 on the /ES…….

And 8,000 on the NQ……………

The next 48 hours are going to be fascinating. In that brief timespan:

  • AAPL earnings after the close today;
  • Rumors, chatter, and soybeans from the China/US trade talks;
  • Jerome “I hope the President likes the skirt I’m wearing” Powell doing his sycophantic, toadying, fawning, flattering, obsequious kowtowing for all to see.

As for my own positioning, I’m in 48 individual shorts with a commitment level of 171%. I’ve also got a very nice new feature in SlopeCharts for you that I hope to announce within those same 48 hours.

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