See, folks, this is why charts slathered with indicators and studies makes my stomach turn. I like SIMPLE charts. SIMPLE, SIMPLE, SIMPLE. I’m known for them. There’s nothing simpler than a single line. And, once again, it saves the day:
This chart is of the Russell 2000 futures (/RTY), and although it might seem like I’m moving that line around so it just HAPPENS to work perfectly, this is not the case. It’s un-freaking-believable. Look how important this simple line is to support and resistance. Marvelous!
Today is OPEX day, so there’s going to be some weirdness involved. I haven’t traded one PENNY yet. I’m standing firm, and will probably push into new positions.
I just wanted to salute the simplicity of my charts and the chart-friendliness of this market.
