NQ - 1Hr / Expanding Range: 200 - 400 TICKS
Yields have again put a question mark to the Tech Short Term Trend.
Indicators were demonstrating an Overbought condition.
The Range is simple, direct, and very clear.
Scalping within it as we await the 10Yr reaction @ 1.712 will provide
further information we indicated would be on the way as ROCs continued
their relentless grind higher as Inflation would be Priced in, this began
several months ago, Wall Street always gets its fill... patience won this
time and again.
BONDS are the driver - ZN, TLT, ZB
There is no shortage of trading available at present.
Crude Oil reached its Price Objective during Globex with a 10 Tick FR
of the 8411 level. CL Curve appears rather nasty... out for some time,
months and months.
Does it matter? it might this time, although breaking 88 would imply 104 / 107 / 114
or longer-term Price Objective might arrive in time for year-end.
Although it has higher Objectives within the rising wedge to 88, it is weakening
and appears to be another chase.
BTC on breaking 69K will provide some clear guidance as to how much longer the
Degenerate's Chase will continue, ETH 5K on the break of our 4050 LIS.
Pat attention to the Usual Suspects - VXN / 10Yr / VIX / CL / DX
The DX is seeing the Yen Pair Whack the AUD / CND / GBP... DX strength is to
be anticipated soon.
Bonds... well, TLT has a new and improved lower price Objective @ 134s on break
of 139 Gap Fill.
ZN clearly trying to hold 130.005.
VIX above 19.75 could add some sportiness, 17.60 the lower boundary.
9.89% of the time on the Day after Settlement... Large moves can occur in the VX Complex.
_____________________________________________________________________
Commentary today will remain limited as TV permit infrequent commentary due to the
10 Rule regardless of subscription level.
As time permits, we will stay on top of when we may add commentaries.
Trade prosperous, Trade Safe, today will provide Profits traded correctly
- HK
Indicators were demonstrating an Overbought condition.
The Range is simple, direct, and very clear.
Scalping within it as we await the 10Yr reaction @ 1.712 will provide
further information we indicated would be on the way as ROCs continued
their relentless grind higher as Inflation would be Priced in, this began
several months ago, Wall Street always gets its fill... patience won this
time and again.
BONDS are the driver - ZN, TLT, ZB
There is no shortage of trading available at present.
Crude Oil reached its Price Objective during Globex with a 10 Tick FR
of the 8411 level. CL Curve appears rather nasty... out for some time,
months and months.
Does it matter? it might this time, although breaking 88 would imply 104 / 107 / 114
or longer-term Price Objective might arrive in time for year-end.
Although it has higher Objectives within the rising wedge to 88, it is weakening
and appears to be another chase.
BTC on breaking 69K will provide some clear guidance as to how much longer the
Degenerate's Chase will continue, ETH 5K on the break of our 4050 LIS.
Pat attention to the Usual Suspects - VXN / 10Yr / VIX / CL / DX
The DX is seeing the Yen Pair Whack the AUD / CND / GBP... DX strength is to
be anticipated soon.
Bonds... well, TLT has a new and improved lower price Objective @ 134s on break
of 139 Gap Fill.
ZN clearly trying to hold 130.005.
VIX above 19.75 could add some sportiness, 17.60 the lower boundary.
9.89% of the time on the Day after Settlement... Large moves can occur in the VX Complex.
_____________________________________________________________________
Commentary today will remain limited as TV permit infrequent commentary due to the
10 Rule regardless of subscription level.
As time permits, we will stay on top of when we may add commentaries.
Trade prosperous, Trade Safe, today will provide Profits traded correctly
- HK
Comment:
NQ Range for 2Day - 15249 - 15390ish
Comment:
Closed 6/6 NQ GF BTOs @ 333 - 361
Comment:
STO 361 6/6 @ 361 0 Closed @ 335
Comment:
CASH + Puts
Comment:
367 - 390 STOs bracketed
Comment:
249 remains wide open, Strategy is to Fill into 10:30 AM EST and see where
it lands, stops 15406 - 15411.
Larger objective below has a higher than usual probability of Fill if 10 Yr breaks highs.
it lands, stops 15406 - 15411.
Larger objective below has a higher than usual probability of Fill if 10 Yr breaks highs.
Comment:
1.675 new HIghs for 10 Yr RTH