@Nayab110, We have Jackson Hole this week where they will continue to
support their present Narrative - MBS Reduction, Elevated Equities and the
present dissention converging to a plan of action to be announced in September.
Price should attempt a further ATH on ES overthrow IF the ES/M2Stock holds
the current spike from BR/VG.
IT should, they need to quickly clear the Sellers stops this week, or it begins
to rollover dramatically.
Any Spike in Futures Prices will quickly, very quickly reverse. They will not hold.
The Distribution patterns are always the exact same, they need to keep feeding out
enough line for Retail to hang themselves.
This has passed already, NQ is a prime example... when was the High? For now, they
need the toss over to run stops and the correction.
NQ Peaked the same day as Margin.
We will begin building our SELLs into the coming week, knowing we will be holding
until Late October to November.
*** We are using DEC Futures for SELLs Only. SEP Will be the Hedge as well as select
inverse (SOXS) and VX Complex Curve (M1-M3) as well as VXX.
Timing it perfectly... that is not going to happen, being within an acceptable drawdown
is as good as we can do, we'll get close as we did in 2019-2020, as the exact same setup
had arrived again.
ES is the most interesting as the Wave 1 @ 3588 should hold for the next leg up.
2 drives to a low should place the ES between 3604-3912. It will be sharp, quick and over
as the Retails will, once again... SELL Lows, so keep a close eye on Volumes at levels.
BR/VG are exceptionally quick to predate on Retracements when SELL Abates.
Prosperous trading to you.
Nayab110
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@HK_L61, Wow. I dont think I can't thank enough for taking a moment and writing that detail. Only a few would ever do that! Cheers.
@HK_L61, Okay, I think I am going to spend the entire afternoon chalking this out. Too new to understand the jargon, I know some fundamentals. If I understand , this suggests shorting Dec Futures and long on short term and selling on spike/
Ignorance will not be bliss.