Grinders update (original on 7/2/21). When you strip out Gaps and Overnight Propping, much of these runs would have been reduced, thus the "Air Pocket". Air Pockets proceed Drops.
For example, "Sell in May and go away" has not worked for the past 2 years. The exact opposite. Why, easy lift when no fight or 2 way price action. Look at September of 20 & 21, Drop & Pop. Point is that it is likely that we will see a Drop in NAZ that will be significant, so significant that it may produce a significant Bounce to new ATH's.
I think we are close to a decent Dip/Test (15700 Target), with Holiday's (like with Sell in May) we may see straight up low volume price action since much of Wall Street is on vacation. So be prepared for either direction. Washington will start their (all is good, no inflation, no Covid 3rd wave, No nothing) while many are home watching the news. Overnight PA will (most likely) continue to lift (although I see slowing).
Short Traders are working against 90% of the players (Washington, Long Only Products, Long Only RIA's, etc.) and these players do not Short. We have the advantage with this extra move.
NOTE:
Review previous Grinder runs. I have only Highlighted what I see as Grinders. These are liny (smaller Up only) days, the Grinders will get tested and not all days.
The 10/4 low has been a 33 Bar run, of which 5 or 6 make up majority of run gain. The other 27 Bars or so, are noise or typical flow.
The ones that stick out the most are the 7 from 16000 and if you read my Post on that day, I am questions the bounce the day after & 2nd day after the Drop/Bounce of 11/10 (and here we are at new ATH).
Past 7 look like Grinders to me. Just a observation and reference for Short play (at some time). Continue to Long/Short each day, just feel that we may see a flush out on the downside.
For example, "Sell in May and go away" has not worked for the past 2 years. The exact opposite. Why, easy lift when no fight or 2 way price action. Look at September of 20 & 21, Drop & Pop. Point is that it is likely that we will see a Drop in NAZ that will be significant, so significant that it may produce a significant Bounce to new ATH's.
I think we are close to a decent Dip/Test (15700 Target), with Holiday's (like with Sell in May) we may see straight up low volume price action since much of Wall Street is on vacation. So be prepared for either direction. Washington will start their (all is good, no inflation, no Covid 3rd wave, No nothing) while many are home watching the news. Overnight PA will (most likely) continue to lift (although I see slowing).
Short Traders are working against 90% of the players (Washington, Long Only Products, Long Only RIA's, etc.) and these players do not Short. We have the advantage with this extra move.
NOTE:
Review previous Grinder runs. I have only Highlighted what I see as Grinders. These are liny (smaller Up only) days, the Grinders will get tested and not all days.
The 10/4 low has been a 33 Bar run, of which 5 or 6 make up majority of run gain. The other 27 Bars or so, are noise or typical flow.
The ones that stick out the most are the 7 from 16000 and if you read my Post on that day, I am questions the bounce the day after & 2nd day after the Drop/Bounce of 11/10 (and here we are at new ATH).
Past 7 look like Grinders to me. Just a observation and reference for Short play (at some time). Continue to Long/Short each day, just feel that we may see a flush out on the downside.
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Lower Target hit for bounce.
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Grinders, 1 drop takes out 2 days, look for NAZ ro bounce off White Line.
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Day 2 Update:
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Tuesday, 16140 or above. Go Long, Mopping Up should be complete for the Day. Use a stop if you want.
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Nice 160 point run, Happy Thanksgiving.
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Update 12/3/21
