Thankfully, today proved to be a near-perfect Hit on the Weekly 002 Extension @ 171.
The Sellers at Lows were methodically run as were Sellers up the Ladder.
________________________________________________________________________
Acute Selling gave way to the "Magic Monday" - a new phenomenon where the ALGOs no
longer wait until "ALGO Tuesday" - but instead use any opportunity on a Monday to leave
an indelible mark on Traders.
Today was no exception.
Sells were automatic after Globex failed the open. a Whoosh down into 10:30 AN EST followed
by the obligatory - Lobster Roll Lunch whereby, Sellers were crushed for 440 Points into the
early Globex Open.
Buying the Dip was axiomatic, hopefully, you did as well.
__________________________________________________________________________
The 15 Minute Chart above has the Extensions within an overall Short Term overbought
condition on Minor TF's as the reversal took some energy.
Unfortunately, there is more energy overhead.
1 / 2/ 4 - Hour Charts illustrate the potential for this retracement.
Wednesday... we may not need to wait, as the Chef @ the BLS has no doubt leaked a dribble
or two ahead of Lunch - seemingly perfect information flows only to those at the FED and in
Congress.
It's Legal you know, Nancy said as much.
____________________________________________________________________________
Have a great evening everyone, more fun to come for the balance of the Week.
Wall Street needs its Fills and after a 1600 Point plunge in NQ, they will Filler Up.
The Sellers at Lows were methodically run as were Sellers up the Ladder.
________________________________________________________________________
Acute Selling gave way to the "Magic Monday" - a new phenomenon where the ALGOs no
longer wait until "ALGO Tuesday" - but instead use any opportunity on a Monday to leave
an indelible mark on Traders.
Today was no exception.
Sells were automatic after Globex failed the open. a Whoosh down into 10:30 AN EST followed
by the obligatory - Lobster Roll Lunch whereby, Sellers were crushed for 440 Points into the
early Globex Open.
Buying the Dip was axiomatic, hopefully, you did as well.
__________________________________________________________________________
The 15 Minute Chart above has the Extensions within an overall Short Term overbought
condition on Minor TF's as the reversal took some energy.
Unfortunately, there is more energy overhead.
1 / 2/ 4 - Hour Charts illustrate the potential for this retracement.
Wednesday... we may not need to wait, as the Chef @ the BLS has no doubt leaked a dribble
or two ahead of Lunch - seemingly perfect information flows only to those at the FED and in
Congress.
It's Legal you know, Nancy said as much.
____________________________________________________________________________
Have a great evening everyone, more fun to come for the balance of the Week.
Wall Street needs its Fills and after a 1600 Point plunge in NQ, they will Filler Up.