One final blow-off is due, IF key Support holds for the Equity Complex, fail and this retracement ran Exactly to the .677 TGT we've had since June 17th.
Then few believed the Summer rally would be able to achieve these levels, most were looking for far lower.
They were simply early and off for time.
Time is now approaching for the next move lower, hopefully, there will be a thrust conclusion to 2/5 Lower.
If it holds symmetry - we can see higher highs prior to a complete collapse.
This remains a very large Bear Market regardless of Price.
IF you do not understand the Primary Global Financial Market -
HK_L61
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NQ has been unable to hold and cross the 13302.5 Ext. 50% - SPY ES stuck in the same trough since the Lows.
DX Bears have been warned for months now... you do not see the Global Market for Dollars. It is a higher high after a higher high... 109 / 111 / 114 / 117 / 121 / 125 is the path with small RTs along the way. FX is not at all what is believed. It is the Public MArket, it is less than 8% of the actual Private Market.
FUF has traded out very well so far, Picked up some cheap calls on the SPY and made a very quick flip.
We will see if the Afternoon brings the Afterburner.
Sold VIX M1 M2 Positions bought to open yesterday and late last night.
6/6 to CASH.
Closed COIN, SILVER, QG, NQ, ES, ZN< ZB, 6E to CASH.
Holding AAPL 155 - 165 DEC Puts ONLY
The potential for continuation will depend on the Weekly Close.
Have a great weekend everyone - HK
vincebroncos
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@HK_L61, amazing chart thank you for this. As well as the Eurodollar discussion recently.
"Every one of these will be filled from October 2023 to March 2024." Is this timeframe a typo, that should instead read Oct 22 instead of Oct23? much appreciated
SpyMasterTrades
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This is a brilliant ratio chart. Will bookmark this and study from it. Thanks.