NQ - Extrapolated Downtrend Algo Channel ADT & A30

We can see the rejection last week after the NQ made
its the second test of 15K and ran 2 Tick short.

This week will remain sporty in VX as we begin the majority
of CT' Roll for the VX into Today and Tuesday.

M1 will be sold into M2 Buy as stragglers continue to leak out.

The ranges continue to hold, albeit rather larger ones.

Yields remain problematic as ZN trades its 2021 Lows.

Confidence is imploding as the draconian Jab Push continues
in the Message Track.

Patience required.

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Macro Data for Week:

Monday

UST Bill Auctions

Tuesday

08:55 Redbook

09:00 Trade Balance (Aug)

10:00 JOLTs Job Openings (Aug)

Wednesday

07:00 USD MBA 30-Year Mortgage Rate
07:00 USD MBA Mortgage Applications (WoW)
07:00 USD MBA Purchase Index
07:00 USD OPEC Monthly Report
07:00 ZAR Retail Sales (YoY) (Aug)

08:30 USD Core CPI (MoM) (Sep)
08:30 USD Core CPI (YoY) (Sep)
08:30 USD Core CPI Index (Sep)
08:30 USD Real Earnings (MoM) (Sep)

14:00 USD FOMC Meeting Minutes
14:00 USD FOMC Meeting Minutes
16:30 USD API Weekly Crude Oil Stock

Thursday

08:30 USD Continuing Jobless Claims
08:30 USD Core PPI (YoY) (Sep)
08:30 USD Core PPI (MoM) (Sep)
08:30 USD Initial Jobless Claims
08:30 USD Jobless Claims 4-Week Avg .

10:30 USD Natural Gas Storage

11:00 USD Crude Oil Inventories

Friday

08:30 USD Core Retail Sales (MoM) (Sep)
08:30 USD Export Price Index (MoM) (Sep)
08:30 USD Import Price Index (MoM) (Sep)
08:30 USD NY Empire State Manufacturing Index (Oct)

10:00 USD Michigan 5-Year Inflation Expectations (Oct)
10:00 USD Michigan Consumer Expectations (Oct)
10:00 USD Retail Inventories Ex Auto (Aug)

Comment:

Watch the QQQ reaction @ 360.51