Hesitant to buy up here? I bet. Everything seems expensive now. An astute reader may have cut through the rabble and noticed we flagged oversold yesterday in Exodus. Members had the benefit of seeing the signal take shape late yesterday afternoon, about 30 Nasdaqs into Tuesday’s hole.
But that was yesterday, today was today, and tomorrow is tomorrow. How will you make money tomorrow, right? If you’re anything like me, you don’t know where your next meal is coming from. Always stay hungry.
What if I told you any long entry into today’s tape was risk free? Would you go long then? NO! Probably not even if I knocked on your shit office door and pointed you right to the honey.
Nevertheless, let’s fall back on our market profile logic and KO anyone who had too many carbs for lunch. Theory states any entry during a trend day, in the direction of a trend, is a risk free entry into the following session. That means, almost always (the world is not so perfect lads!) we will exceed the trend day’s high, IF ONLY BY A TICK, the following session.
Yes, yes, but what does it all mean?
It means the real money is made tomorrow. So you can either curl up under your desk like a little babay, suckling your thumb, or you get out there and buy something.
One last thing before they rescind my headline status. I shouldn’t even be showing you this, but what the hell? This is one of the many powerful tools inside Exodus—it’s called the Risk Appetite Index. Do you know what it has been saying since February? Since that insufferable range? RISK ONN, MUTHA FUCKAS. See below:Twitter