The Working Lines

Wanted to share a few of the ‘lines’ which have been working for me this week. They represent my entry or exit points along the chop.

S&P Futures ChartSurprisingly only the 50% and 76.4% Fib lines correspond to my trade lines. I would have expected otherwise.

The other surprise for me is the VIX.

VIX ChartHere the VIX is just hanging out like there’s very little risk and judging from all August lazy trading we see, why not? Though I’m struggling to ignore a long list of powder kegs, and Hindenburgs.

Europe and specifically the CAC40 is another strange one. While the US is churning around waiting for Ben or Taper or who knows what, the CAC40 is screaming to new highs. No European risk in sight…

CAC40 Chart

Good Trading. Watch those lines above, I think they’re good if you like trading ranges.