There are 2 Draws here:
1. The preferred Draw is from the Prior 50% Entry into the
Trend at the 414 / 418 Level to lows
2. The High to Lows 767 to lows.
__________________________________________________
The SMAs are in very poor condition as the 144 SMA is well
above on the Hourly TF.
MACD is weakening with far Lower Divergences below Indicated.
STO/RSI has Lost Momentum and is attempting to Lose Trend.
__________________________________________________
It will rake an immense ALGO Operation during Globex to provide
any real hope of a large retracement. It would be to FILL the
Entry into the Sell and provide cooling of conditions and
Structure for the Next Move Lower.
Can they provide the entry on the Primary Draw from 414/418 to Lows
at the .382 or .500 - it would appear improbable at best.
Perhaps it would be best to complete Flush Downward prior to any
retracement.
___________________________________________________
Of concern - the VXN is @ 74.772
The VIX is @ 78.775
Volatility is reaching extremes, but then in market Flash Crashes
as we saw in prior Events
The Weekly's are well below Peak:
@ 61.65% for VXN
@ 66.73 for VIX Spot / Cash
Prior March 2020 Peaks:
@ 87.85 for VXN
@ 90.36 for VIX
______________________________________________________
My Gut tells me we visit the 144 Daily SMAs and break them,
visit the 377s.
Pure Gut, but I happen to believe this continues for 2 to 3 weeks
and Santa gives everyone Coal into the FOMC the 14-15 of December.
That said, anything is possible, including Jerry and the Kids uttering
some BS about some other BS that turns this BS around.
We shall see.
1. The preferred Draw is from the Prior 50% Entry into the
Trend at the 414 / 418 Level to lows
2. The High to Lows 767 to lows.
__________________________________________________
The SMAs are in very poor condition as the 144 SMA is well
above on the Hourly TF.
MACD is weakening with far Lower Divergences below Indicated.
STO/RSI has Lost Momentum and is attempting to Lose Trend.
__________________________________________________
It will rake an immense ALGO Operation during Globex to provide
any real hope of a large retracement. It would be to FILL the
Entry into the Sell and provide cooling of conditions and
Structure for the Next Move Lower.
Can they provide the entry on the Primary Draw from 414/418 to Lows
at the .382 or .500 - it would appear improbable at best.
Perhaps it would be best to complete Flush Downward prior to any
retracement.
___________________________________________________
Of concern - the VXN is @ 74.772
The VIX is @ 78.775
Volatility is reaching extremes, but then in market Flash Crashes
as we saw in prior Events
The Weekly's are well below Peak:
@ 61.65% for VXN
@ 66.73 for VIX Spot / Cash
Prior March 2020 Peaks:
@ 87.85 for VXN
@ 90.36 for VIX
______________________________________________________
My Gut tells me we visit the 144 Daily SMAs and break them,
visit the 377s.
Pure Gut, but I happen to believe this continues for 2 to 3 weeks
and Santa gives everyone Coal into the FOMC the 14-15 of December.
That said, anything is possible, including Jerry and the Kids uttering
some BS about some other BS that turns this BS around.
We shall see.