Thank the Stars we got the push off the .22 ES/M2. It had dipped in, indicating the Stop Run would complete by Tuesday. This will be taken away far quicker than the chaser will comprehend. We are loading the proverbial woodshed with SELLS. BR/VG tossed a bunch of Jing to position for protection... we did as well. All Buy to opens across the YM ES RTY NQ were...
9.21 % downer has Bots angry for Fills. Bring it, we are SELLERs into FILLs. Massive weekly negative divergences, pure Ugly. 57s remain Target.
Crude Oil remains within the Trade Plan we established - 57 is the primary Larger Daily Target. The chart has been highly technical and for Crude Oil, this week... uncharacteristically Not Sloppy. Each and every retracement level has confirmed the SELL. CL is providing a degree of cover for the "transitory" narrative. Hopefully those following have taken the...
Off the ledge and now in a large Daily range after having failed to break above $77. When that happens it is off to the races to 107-114. For NOW 42-77 is the proper draw. Micro Entries for SELL on chart. We closed the Globex 6454s at 688. We will wait to see IF CL can gain a Bid above 6386 - the LIS
Well that was fun, 157 Handies off DEC. Closed 2 on break of TGT Lows. Looking like much more to come. Closed ES @ 4410 from 4441. Closed YM @ 35101 from 35488 Closed CL @ 66.56 from 67.54 Closed VX @ 21.00 from 19.80 IN/OUT Burger on SOXS 2x for 37 ticks x 35K avepos. Closed RTY @ 2164 from 2199 TESLA - why bother, a very large percentage win. AMC - bag...
ES SPY SPX preparing for a substantial Drop. We are anticipating 2 thrusts lower towards the 200SMA. It's been well over one year since we've seen a test of this level. For now, we are simply seeing further distribution on low volumes. A number of Divergences will complete this week after trading into the UTL (Upper Trend Line) and bring about the...
We have SELLS into the following level 7071. Longer Term lower Daily Targets below should be respected to 57. Patience, as CL will continue to Whipsaw. We have been successful scalping the SELL and buying the lows near Price Objectives to see them reverse and trade to Micro and Intra-Week Targets. Frankly, we're using Futures Options on CL with correlated...
Buckle up because oil is ready to rock. No decent open interests for oil and all major bullish targets were already reached. It's time to buy oil cheaper, shall we? OANDA:WTICOUSD
Hello ladies and gentlemen, according to my CL1! chart, I am currently recommending a short BUY of CL1! FUTURES as there is a high probability of reaching $75 in the next few WEEKS
The .382 Level on the current draw provided a SELL. We took it for a trade. 7015 STO x 8. Stop 6936. Let us revisit the lows.
Attached to following Range. For Now. In breaking the prior lows of 6501, a vastly new opportunity opens up.
With the ES providing clear indications of a break @ 4370 yesterday, the Algos took it upon themselves to provide an immediate rescue, all ahead of 10AM EST. 4408 remains the key level for the ES as the UTL, it has pierced this level repeatedly. The Transitory Narrative gains minor traction with the Energy Complex having a difficult time. Energy leads, but...
We are using 3 draws within the Micro Timeframes. Each is a valid setup with Convergence in the 6955 - 6959 Area. CL has made a new low in during Globex @ 6904. The Target on the prior setup remains 68.70. 6919 - 717 remains the area for a retest within the Range for now. The 6904 trading is typical CL Price action, it drives lower and higher than indicated...
Within the context of the 50% test on the larger Daily timeframe, we can see it was front run by 2 ticks @ 68.98 of 77.00 65.01 remains the lower boundary, We are in the Fifth Sell @ 71.71 on a retracement. Every prior Sell came off the 50% with one exception the most recent Micro Short was front run @ .382% CL has been reasonably technical, sloppy and whippy.
Crude Oil traded it's HWB for the Daily from 147.27 - 6.5. Longer term, breaking 77 assure 107-114 initially. For now, patience should be employed near 6870. I'll review the Micro in the next Chart.
Seeing a rounded top on crude oil right now after a pretty solid run... Definitely raises the odds for a good short at these levels. Target would be the 200 SMA in pink, which could mean a near 20% drop in gas prices... that would be nice! *Opinion only, Not financial advice*
The reaction @ 68.70 will be telling. We are selling 7185 - 7226.
It appears CL is not a flight to safety trade as the Global Economy continues its Contraction. We are watching the Micro Level of 68.70 as a Clear Pivot for an important reaction. We are currently holding Sell to Open @ 7314. The prior Lows IF exceeded opens the 57-59 range.