Once the NQ Broke the 14134 thru 14156 Levels the implied
Extensions came in the Trade, can the Extension was hit almost
to the Tick.
1C was brutal as that Extension was set for failure, the Reversal
in the Gap Fill was a series of measured moves the ALGOs took
up the FIB Sequence to close the opening Gap and suggest
2A/5 has begun.
The selloff was met with more Crash predictions that ended up
in the Waffle House. An 800+ point reveal for NQ.
Operators were quick to take out the early CME Put buyers, only
to give themselves plenty of room to move lower.
________________________________________________________
Margin Call Monday is complete, taking 1C to an extreme with
force.
Hopefully, 2A begets 2B for a minor retracement back down, and then
the measured move for 2C to terminate.
___________________________________________________________
There has been immense Technical damage done.
Extensions came in the Trade, can the Extension was hit almost
to the Tick.
1C was brutal as that Extension was set for failure, the Reversal
in the Gap Fill was a series of measured moves the ALGOs took
up the FIB Sequence to close the opening Gap and suggest
2A/5 has begun.
The selloff was met with more Crash predictions that ended up
in the Waffle House. An 800+ point reveal for NQ.
Operators were quick to take out the early CME Put buyers, only
to give themselves plenty of room to move lower.
________________________________________________________
Margin Call Monday is complete, taking 1C to an extreme with
force.
Hopefully, 2A begets 2B for a minor retracement back down, and then
the measured move for 2C to terminate.
___________________________________________________________
There has been immense Technical damage done.
Comment:
Special Thanks for Colo reminding us all the Extension was Deep.