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.
Glad to help...maybe this should give me confidence to play to scalping game. Ha! Targets were hit perfectly on NQ, VXN & VIX and then the massive reverse. I'm still a believer that lower lows will print. For now...SOH!
HK_L61
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@happyCloud1537, Needed to see 134s print for NQ, You sagely reminded me of the Potential - Dirty Monkeys on me :)
1C was a wild blowout, 2A simply as crazy.
More to come, no doubt.
You take care Colo.
Vixtine
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@HK_L61, I might have to take you up on the Dirty Monkey's...to be a fly on your wall would be a really, really eye opening experience for sure!
HK_L61
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any time ;)
digicool
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Thanks. 14150 area for 2B and 15590 for 2C per your Fib levels?
HK_L61
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@digicool, Tomorrow is 8/8.... lets see how that plays.
Did ya have a good day?
digicool
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@HK_L61, oh man.. I was doing great until 2:30EST. Put an f'in NQ short at 14K to keep me motivated and my head in check :( BFD in couple of accounts and that helped close day in even.