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NQ - 4 Hour / Trend to Counter-TrendThe Casino is back baby~! Beloved Flamingo participants are now able to Game their PS5's at assorted Tables, regardless of recalls - Major screw up SONY aka "Standard Oil New York" is lubricating the Slots, Tables and Bottle Services to a select crowd of Insiders. ______________________________________________________ In the larger context of the Full High to Low Range, we see NQ has managed to pop its little head over the very Negative 764 of the Range. Bullish? No, a Counter Trend. Can it reach the magical Negative 618? It's possible, it's Summer, but is wholly dependent on degenerate stupidity, of which there is not much left in the spank tank. Add in the Corrupt Oligarchy Inbred Cult of Insiders and Political Grifters and we've got one enormous and very Toxic cocktail for further, irrational crazy. The Range is quite large, given the large decline in NQ from 16767 to 11069. _________________________________________________________ In reality, the Equity Market is a complete and total disaster. _________________________________________________________ Investors and Money Managers continue to Buy this overpriced Junk, albeit at a vastly slower pace. Da Boyz are enjoying the ride, which is completing 3/3 or 3/5 higher. The obvous Price objective is the Negative 618. Any issues? Yes. In large downtrends Price rarely meets "Expectations" Trade Safe, we're getting close to the even larger disruption dead ahead which will bring prices into an extreme adjustment for E, P, and S. Europe has turned the corner after 8 years of failed experiments. The FX accident will simply begin to unravel everything. Contagions will spread with intense velocity. Plan for it, earn from it, and be patient with it.
CME_MINI:NQ1!
by HK_L61
1
NQ - Defensive Rotation ahead of JerryTech continues to be sold on every CT on the Micro TF. Yesterday - Healthcare, Energy, and Utilities were Bid. The remaining Sectors saw outflows towards X-HEU's. _____________________________________________________ SSO's for APPL TSLA AMZN NVDA META NIO AMD MSFT were heavily bod for Calls. The underlying Gamma Squeeze has 4 Days to perform. NQ, on balance, remains in SloMo mode after Friday's Run & Gun Momo squeeze. NQ VX remains elevated, although that will not stop Wall Street from keying off Jerry. Currently, the FBS should see $*B added to the Fed's Balance Sheet tomorrow after the continuing carnage in Bonds. By July's end... it should be apparent the FED, short of QE is barely able to prop the Junk Co effectively. Something's going to give, perhaps we find out tomorrow. __________________________________________________________________ TUESDAY, JUNE 28 8 am Richmond Fed President Tom Barkin speaks 8:30 am Trade in goods (advance) May -- -$105.9 billion 9 am S&P Case-Shiller U.S. home price index (year-over-year) April -- 20.6% 10 am Consumer confidence index June 100.0 106.4 12:30 pm San Francisco Fed President Mary Daly speaks WEDNESDAY, JUNE 29 8:30 am Gross domestic product revision (SAAR) Q1 -1.5% -1.5% 8:30 am Final domestic demand revision (SAAR) Q1 -- 2.7% 8:30 am Gross domestic income revision (SAAR) Q1 -- 2.1% 9 am Federal Reserve Chair Jerome Powell, ECB President Christine Lagarde, Bank of England President Andrew Bailey and BIS head Augustin Carstens speak at ECB conference 11:30 am Cleveland Fed President Loretta Mester speaks at ECB conference 1:05 pm St. Louis Fed President James Bullard gives opening remarks
CME_MINI:NQ1!
by HK_L61
NQ - 1 Hour / Extreme VX 2C for Nq has been broken time and again, in the exact same pattern 2B was repeatedly violated. The Count does appear to extend to a larger Sequence beyond 8 to 13 and perhaps 21. A nervousness remains under NQ, the Sellers persist on every Retracement, there is no Real underlying buying of Size, merely a VX trap for HFTs to run Price in large and very Profitable Ranges after - COmpleting its Full Half Way Back from the Highs to Lows while the ES managed to fill its .618. ___________________________________________________________________ There is an overtly desperate Wind blowing. The Media suggested buying FB prior to EPS, same for Ford, Ditto may other Equities which were hit quite hard. We will see how this week sets up IT 3/5 Correction and whether or not this extends and pretends for a while longer. Bond Yields, as well the Bond Curve appear to be creating some confusion as to what t is transpiring. This has been covered here - simply search TLT TNX ZN within the archives. It has become the AMC of over-load and no further commentary is frankly necessary, it has all been discussed and unfolded exactly as I indicated. TNX NX DX are the primary drivers for Intra-Day. We've seen the JPY GBP 6e indicate they need an RT for the short duration as the Basket of 6 for FX is waterlogged. The cross-currents are ab8ndant and there is a great amount of Intel to pay attention tas we approach the Pivot into 3/5 IT. China has been aggressive in Remenbi Deval while choking off ST Rates as EverGrande and its brethren have created the largest Real Estate debacle in recorded history. The Renminbi is the "Currency" of China the Medium of Exchange, although the sheer percentage of transactions to GDP makes it quite clear, the majority of Digital Script will exceed 50% this year with little to no effort, making China's leadership into purely worthless QBits an exercise in 5000-year-old paper money follies appear tame. The Yuan, a failed medieval form of fiat money. is the unit of account of the country's economic and financial system. Appropriately named, but seldom understood trades at 6X to the US DX. The Digi Script trades at par with Yuan for now. The Yuan is yet to reach Valuation, that is forward when the DX loses its Senoirage altogether... patience paper paupers - it's coming. Renminbi is by defacto - a Central Bank Digital currency issued by the People's Bank of China. They are well ahead in the Debt management of Pokemon. ________________________________________________________________________________ There is a great deal in the Wind as they say... and it's due to shifting into 3/5 IT lower this month. Patience the BOTs will make a mess of things.
CME_MINI:NQ1!
by HK_L61
2
NQ - Bot Level Traps @ LevelsWe began the BUY @ 14134 and continued to Buy to 14K. It took hours of patience to wait for the Algos to run a trap every RT Level. They did it methodically. 2B is a nasty little little. 8/8's are the most dangerous Count sequence. ___________________________________________________ We scaled by adding at every dip in on the 1Min to FIFO Flip and reduced the average cost. This continued for hours on end, until the ES began the run to its Gap Fill, with a lowered average into the 14062s on an INV Ladder all it took was time. We exited our Sells when the ES completed the Gap Fill and stopped trading as the Algos were going to Smoke the later chasers again as 8/8 is completed. The 50% @ 14143 has been a magnet all day as the 300 - 400 NQ buyers discovered a wee bit late in the day. ______________________________________________________ 8/8's are the most dangerous Count Day to Trade as they represent the potential Lows prior to the Count reset. Notables: NDX / NQ spread was out of synch all day. AAPL had sellers everywhere. AMZN was creamed with Sellers SMH never really go it together and was down 3.7% The GOOG's bot L and A saw immense profit-taking _______________________________________________________ Bonds remain a horror show.
CME_MINI:NQ1!
by HK_L61
2
NQ - Daily / PerfectionI indicated 1C or the primary correction would be large. The Level for 1C 001 or the .618 of the measured move would complete @ 14771. It came to 14773, prior to Globex making a Lower Low. ________________________________________________ 2 Days in a row we sold the Levels indicated for RT, they traded perfectly. We held fo the Gap Fills and beyond today for the ES Break of 4505. __________________________________________________ As a Trader, ask yourself, after today, do you believe the 1.618 comes into the Trade @ 14,156. OR Is 1C complete with a 130+ Tick Dip In? ___________________________________________________ I mentioned in a prior commentary there are a large number of Leap Calls deep in the money that expire Friday. The selling of this $125 Billion Position has wreaked havoc on the Equity Complex. The Delta squaring was axiomatic as the position was a very large offsides for Writers. They buy Volatility to hedge, they will not square by the underlying Long - they know it all this will be SOLD. Gamma has been explained here a number of times. Those who paid attention knew exactly what to do. BUY VX, SELL the YM NQ ES. _____________________________________________________ Very simple. 1C retracements are very weak, very. They appear dramatic as the ranges are large, but in broader Context - they are quite small on a percentage basis of the Implied range and Price Objectives. _______________________________________________________ My hope is those following here made an immense amount of $. ________________________________________________________ The 2/5 is now setting up, these are violent affairs that take most Traders off guard. They are vicious and move in 3 Counts. 2A Up / 2B Down / 2 C Up - these can be to the.382 to .500 with a mild overthrow to screw the Chasers prior to 3/5 beginning (the Real move lower). Dip Buyers have been scorched. They repeatedly tried calling 7 since the November Highs. Calls for 18K and 20 K were common. When the FED no longer is supporting the Equity Complex... You Sell. We detailed this in dozens of CommentAary regarding Interest Rates, Distribution Patterns, 3x and 4X Negative Divergences, Repo Contraction, m@ Velocity, Consumer Confidence, and far more. __________________________________________________________ Identical to my Bond Thesis, it requires time to construct Complex Highs, as Distribution had no real Buyers left, Margin was at all time highs... on and on it goes until it does not. This will drag on for some time, probably until just ahead of the March FOMC, January is ahead next week and may provide the impetus for a Low prior for 2/5 or we may see 2/5 begin from 14156. The Algos enjoy trapping everyone at Lows only to absolutely Rip in Reverse to scorch the Order Book of Sellers at Lows and stops runs continue all the way to the .500% of the entire Correction.
CME_MINI:NQ1!
by HK_L61
10
NQ - Daily / Price Objectives AboveAs long as the 10 Yr Yield is pulling back into Support, NQ will rise. We have a Large overhead Dialy Gap which will see increased probability of the Fill when the NQ crosses 16036. ______________________________________________ Although Price is rising with the Momentum Cloud below the Trenching Cloud, the ground higher to the Trending Cloud is probable. Pullbacks have been a Pre - EU Session Close, only to reverse and observe the ALGOs run Price higher the balance of the Trading Day. This has occurred 2 days running now and is dependent upon the CPI Dats this moring - the reaction can provide a break-away Gap and Go, OR the Gap Fill into the same pattern as Monday & Tuesday. Key Levels are within the Far-Right FIB Sequence.
CME_MINI:NQ1!
by HK_L61
2
NQ - 15 Minute410 was exceeded by the Extension from Last Week's Price Objectives from the Week's High to Low: 15510 15355*** - Front Run Pre-NYSE 15181 15104 15008 14854 Typically we see the Gap Fill into 9:30 AM EST. It is a lower Probability today as the Intra-Day Extension was exceeded @ 410. The ES as well did a number on the 46's and then 34s. Puts will be purchased on open, the follow on trade will provide the Energy for the retracement. We have closed all our Sells at PO's from the O/N Session. Selling ahead of 2 AM EST has worked repeatedly. __________________________________________________________ China has risen to the forefront of Vectors, closing off their Economy and shutting out Trade while hoarding Commods, namely NPK, Food Inputs, Feed, Constituents, and Softs. The first photos from the Moon's the South Pole appeared from their Rover which showed the presence of Large Water Deposits and ample Solar Winds for Power generation. We indicated this would be an area of interest to follow as it demonstrates the Nations desire to begin colonization of the South Pole and the weaponization of Space. It will create further duress within the Global Community and move China ever closer to further Economic and GeoPolitical aggressions. It may, on the surface appear nebulous... it is not. _____________________________________________________________ TSLA is creating a drag on the ES, 711s overall are in bad shape for the NQ. 10 Year yields remain above 1.716 - our trigger for the NQ Decline as we indicated for months, once rates began to assert... NQ would fall apart. It is crumbling, but astute traders will be wary of the Potential for an RT into BLS recall Data for Inflation. 9 AM EST is when the thrust higher into the attempted Gap Fill usually occurs, will it stick today... we shall see.
CME_MINI:NQ1!
by HK_L61
4
NQ - Micro TF / Chopping the RangeSame Game, different day. Range Contracts. 16377 to 16498 opens for NQ Into Friday 1/2 Session should it Push. __________________________________________________________ VXN has a Miro Gap FIll well above 28 and it will come into Trade at some point. When? After Xmas. For now, it's Bonus Time Attempt. 7/11 3 Green 8 Red - ES should drag NQ up. __________________________________________________________ CL EIA @ 10:30 AM EST will move Indies... the VIX will respond along with the OVX at this time. Until then... C H O P
CME_MINI:NQ1!
by HK_L61
21
NQ - Daily Structure / Next 8 - 12 Weeks5 Wave Symmetry is our preferred Count for the NQ. Lower High ended 2/5 - with 3/5 underway. The patterns and symmetry have been gaining in shorter duration complexity due to the sheer amount of Distribution Volumes. ____________________________________________________ Once the NQ begins to break the Lower Daily Trend Cloud on a Weekly Basis Closing - the Trend will accelerate. Momentum has been broken, Trend Next for increased Velocity. Retracements should be limited to 34 SAMA and Momentum Cloud Leading Ledge. The 377 can Dip In and exceed for NQ, it tends to overshoot.
CME_MINI:NQ1!Short
by HK_L61
NQ - 1 Hour & 4X Friday - By the NumbersThe NQ has become highly Technical, far more so than the VXN. VX is clearly swinging wide, while the VX ARB remains very compressed. _______________________________________________ The media continues to tout 4800 ES as the Ranges expand. Interest Rate sensitivity is affecting the RTY & NQ far more than the YM and ES. The Big 7 remains the leader with numerous Gap Fills being challenged. ________________________________________________ Stimmy's now an adios rearview mirror trade, Biden's tout was quickly taken away. Weekly / Monthly remain in extreme Neagitve Structure. Looking forward - High Growth, High Value Equities are coming off their respective Ledges. APPL AMZN NVDA MSFT TSLA GOOGA GOOGL FB - Negativre Strustures. AAPL took a 7% hit, AMZN dunked, NVDA spanked. Knife catchers have given up, as even they see Market Breadth collapsing as the broader participants are being destroyed, Mid Caos were smoked, it's Big Caps' turn. __________________________________________________ The Meta-Verse - new new new Economy... remains a VR Goggle, rose-colored. GEN z / Milli "Journey" bumpy road, Over 55 crowd is focused on Old School Industrials. ARKK left for dead. Meme, Yolos, Reddit - bomb from the back of the room.
CME_MINI:NQ1!
by HK_L61
2
NQ - Daily / Weakening StructureBy the Numbers: NASDAQ Latest Close Previous Close Week Ago Issues traded 4,938 4,885 4,862 Advances 1,785 1,490 2,536 Declines 2,896 3,149 2,098 Unchanged 257 246 228 New highs 160 158 179 New lows 322 409 106 The Underlying Structure for the Nasdaq is weakening significantly. Declining Issues in Breadth as outpacing Advancing Issues @ ~2:1. NHNL @ ~ 2:1 ___________________________________________________________________ ETFs are being used to Level the Nasdaq Higher. QQQs managed to return 2.04% in the face of an Overall Weakness in Market Breadth. Passive ETFs AMZN & AAPL were the Leaders. AAPL, for the Fifth time, re-announced the iCar as we indicated - when the iGangsters regurgitate Auto Nirvana - AAPL Moves Higher. An abysmal Q3 is in the Wind, memories are short. The iCar for iCult won't arrive until 2024 at the earliest. No matter, the Jumbos took the Gamma Squeeze to AAPL +6.69% for the Week. Wealthy Participants can afford to pay up to $1000 for AMZN Calls, Retail -overindebted, overleveraged Retail cannot afford these Premiums. It is the Domain of the Market Operators, once again throwing DELTA into an uncomfortable imbalance. AMZN was up 3.95% for the Week after a Dismal Q3 in Real, Inflation Adjusted Terms. Jumbos Banked again on Calls. ___________________________________________________________________ 2 Weeks of Back to Back Gamma Squeezes and further Delta imbalance. This condition creates a Bid, as we have noted repeatedly, for VX. The Only Hedge until parity is reached between the DEC & MAR Contracts for the underlying NQ. And this is an unlikely event as ROLL will abate it during the Week they converge and spreads come in to Par. OR Options Writers can choose to SELL Passive ETFs? No, further disaster is at Risk should yet another Gamme Squeeze be cast into the Wind. ___________________________________________________________________ The Issue for this Week is simply this, it is a Holiday Trading Week, low Participation, lower Volumes. Thanksgiving: Thursday, Nov. 25 - Markets will be Closed but, Re-Open Friday. Giving up a Day to additional Bets @ the Flamingos Sports Book carries increased Risk, not that they can't pull it off. They may well perform another dislocation against waning Breadth. Thanksgiving: Thursday, Nov. 25 ___________________________________________________________________ With the Overall Count reaching 8/8 on Monday, Tuesday will be Key. NQ hit its Trendline, popped up through it, and closed on it. There is a Higher Daily Trendline well above, well above. ___________________________________________________________________ We carried 16 NQ Sells for the Weekend after pressing 54 - 64: closing 75% at the 559/.500% Level. Determine where to Press this Position based upon Monday's Price Levels and IF the GAP from Friday Fills.
CME_MINI:NQ1!
by HK_L61
6
NQ - 15 Minute / HOLD THEM IF YA GOT EM!During August I called attention to the 3X & 4X Divergences, a clear warning. The Structure of the UpTrend was in serious trouble. In September, the Nasdaq Composite gave up 8%, since breadth warnings since have Compounded. I showed an Analogue from November of 2019 with the exact same Indications and Structure. A drop of 3.4% Ensued, No one saw it coming. Complacency.... SCOPE SCALE AND FREQUENCY are Identical. Ignore this at your peril, It is in the Wind and you have been made aware. We indicted VX would INCREASE DRAMATICALLY. Warning signs of Disruption within FX were to arrive and set everything on fire... LeGarde set this in motion @ 3:30 AM EST. A sharp Decline would ensure and lead to a test of the 200 SMAs. ___________________________________________________________________ Buckle - all my Boxes are being checked one by one. Currently, NQ x 64 ~ 16606 Sold to Open Average and Holding for the Gap Fill. ___________________________________________________________________ All Noise... just that, no offense, but I trade ONLY what i See. Alexandra imbibed one too many Dirty Monkey's, Spliffs and ended up Sh_t mixed once again. It happens, some see the signs, some keep going. ___________________________________________________________________ Crude - Broken YM - Broken FX - Broken Bonds - Safety Bid ES - Waiting 4675 NQ - Red Close on GapFill PO 366 RTY - Parking Lot
CME_MINI:NQ1!Short
by HK_L61
6
NQ - Friday's Close / Count DeltaFriday's close @ 16200 has now altered the Count @ 4/X This now reverts to 1/X. The reason why is I trail the FIB Counts @ 3/5/8/13/21. 1/X closed @ 186, this was "3" prior closes in the Count. When this occurs, the Hourly Count remains with the ST Algo attachment. _________________________________________________ Could it be a simple overthrow? Probability is will extend into a New 1/X count of 3 at Minimum. This required me to reduce my SELL position from NQ @ 82.1% to 4.78% Sell Position After Hours. NQ was our Largest SELL Position @ 22.5% of Capital allocated to Tech Sell. It is a Rule, a firm rule when this occurs, regardless of Position Net. Risk is reduced to less than 5%. Losses were incurred, part of the process. Limiting Risk and being disobedient to my System was pure Gut - it can cut both ways and did for NQ. _________________________________________________ As December Expiry approaches spreads begin to reach Parity which provides a more consistent hedge during RTH, during Globex the Algos widen the speeds to make them far less useful. _________________________________________________
CME_MINI:NQ1!
by HK_L61
9
NQ - Dailly Perspective / Setting Boundaries / IF_THEN - Part 2We have 3 Potential outcomes for Price. Extension Reversal Consolidation ___________________________________ Extension The EGG People (Options Writers) are now in a Situation to put it Pacific, unadulterated nuance. The 17 Trading Days of Gamma Squeeze into Weekly Expiration, they had 2 days of minor reprieve, it's been Vertical Up since 11/3. By Example: Option Writer Sells "X" Priced to the Underlying @ $94.75 for the 100 Strike CALL Option Expiring Short Duration for $3.00. A Jumbo or Flamingo Level Puller needs $103+ to print to Profit on Expiration... Or all they need is the Prie of the Option to begin to very Quickly move in Theta Favor (Time). Where this gets Sh_t Mixed, and it has for 3.5 Weeks... The Devil is in the Delta. In order to avoid Illiquidity & Losses, an Options Write must hedge or Their Risk can go exponential quickly. In order to Hedge, they purchase outright the Underlying of the Contract Derived - Simply put, they are forced to BUY the Equity Shares to Provide Acceptable Delta. Now, here's the Degeneracy Componenet you'll no doubt enjoy...Wall Street Participants in this case quickly become the "EGG People"... During Vertical Moves in Underlying Price they are Buyers of Size in order to hedge. T0 further compound their issues with Delta. Retail is unwilling and/or unable to chase as the AIQC begin to increase Implied Volatility. And they are clearly NOT buying the Underlying, the vast majority of Degenerates are not. This quickly begins to price Retail Participants out of the Flamingos Sports Book. TSLA is a prime example - IV Soared to over 70% quickly. ___________________________________ What dear reader do the Eggo's do? They cannot Let go of Their Eggos, the Equity Market would quickly implode. Selling all that Paper would create losses which would serve to put losses well into the Stratosphere. ___________________________________ So what do these F_ckers who Prey on US do? Simple. Very SImple, and we have made it quite clear there is a BID under the VX Complex. It may have appeared as Gut Hunch, but it was founded in Math. UVXY comes to mind, but I choose Dirt Cheap Puts on the VXX instead. @ .10 and .12 Cents. Why? Because that is what the Yale, Harvard, Skull n' Bones, Blackrock and Vanguard Sociopaths have done. The ONLY way to protect downside RISK when you are too Coke'd up on Martha's Vineyard is TO BUY THE VX COMPLEX as your HEDGE. And this, dear readers, is precisely what they have done. This is why VX was rising as the Indicies rose. We observed the VXN on 3 separate occasions making Highs while the NQ was making HIghs. A rising VIX on Friday, barely put a Correlated dent in the ES. ___________________________________ If there's little wealth to Transfer - lay off the Blow, LadyBoys and get straight with VX. It's a nerve agent for do-nothing asshats who have never actually worked a day in their life. ___________________________________ So where does that leave the GAMMA DELTA THETA? Well, let me Objectify one thing, pure opinion... No Math. Their Fraternity does lose, but their losses are ALWAYS bailed out by you dear Suka, the TaxPayer. Most of the time, they win... actually, they never really lose, rather they sacrifice a few classmates and brethren to roll up even more power. Step out of line... and you will be driven to tears and poverty or perhaps a perp walk, you know - someone has to take the fall. We are at a serious Inflection Point. We will know far more tomorrow as to whether 9/9 completes or extends. Price is well overdue for a Pullback. Addicts, yeah... hard habit to break - all that Money, Wealth and lives ruined time and again. Blackrock is running the Admin, Media, and US. Well, there's the United States of Lockheed MAritn, but going there is for another Forum. IF they Jump the Shark (UTL on WEEKLY in Part 1) it would be to squeeze out Sellers, run their stops and Reverse... Or Depending on whether the JUMBO Options Buyers had their Fill. Greed knows no bounds... none. It simply continues until there is nothing left to eat. We are positioning for a correction, an accident, an event that may not arrive, I am cool with that, for me this is a Higher Probability trade with no regrets. I fully understand the Risks and accept them, it is not for everyone. NQ ES YM Sells Positions will begin Entry tomorrow. It is either a Big Lick or a very painful loss. *** You will note the "5" Bar is present on the Chart Above. We will know a larger 9/9 or 13/13 is ahead should this level fail. It can also provide a bounce if it holds. It is well below. Patience
CME_MINI:NQ1!Short
by HK_L61
4
NQ - 13 / The Stop Run - Prior Top 5/5 Prior to ReversalAnticipate an Overthrow, it is the pattern that completes the Highs for NQ. It throws Price Positions into Dis-Array and causes the Panic Close prior to Price moving significantly lower. "Tops" are always a Process, one that, by design will attempt to remove as many Profitable Setups as possible. The appearance of "Invalidating" the Count and Structure is common. VX After Hours will be extreme for Globex. Ladder Micros in SIZE into each and every Trade, it is more difficult for the ALGOs to pace Market Micro Orders, as they are absent from the Book until execution. Using Full contracts is generally a bad Idea during Globex at this time. Rule #2: Nothing Dumb - ie. Getting out over one's Skis... ends badly. This axiom Compounds, Rule #1 - Manage Drawdowns. _________________________________________________________________ AAPL reports after the NYSE Close today. Count 13 within the Structure will provide a challenge for Traders who are beginning to position into the SELL. Wall Street will, IMHO, make a large attempt to wreck all stops today and potentially again Monday IF Friday is contained to the RANGE. The Confirmation will be the 34SMA failing. SMAs are all pointing UP and yet Price Structure continues to WEAKEN. A clear Divergence... one of many. This is the Game... we've seen it too many times before. Patience... all that is required, let them come to you. Do not permit them to drag you along for a potential insidious Run of your Positions. The ES Demonstrated the End of the Larger Count by completing its High with a Stop Run prior to reversing. A move in the VX Complex confirmed the reversal. The VIX should now begin to move toward 19.75. The YM performed the same reversal. NQ's 13 provides the High and Reversal. For Traders the Challenge will be the attempted Stop Run and running the Book to clear it. In the past 2 days, there has been a large EOD Sell. Sellers have been present, with volumes and Indicators showing clear signs of weakness while Price has struggled to hold. Carefully observe the High to High Extension Levels for NQ, they present an opportunity for PRICE to Run Stops prior to a Reversal on a Friday. Friday's of late have not been Reversal Days. We could see a chop along the top into the drop into early next week or APPLE wrecks the Buy-Side quickly. We will see, patience and nothing dumb remains the Rules of the Road as we move into the most important EPS Number of the Season. I believe it is important to Observe - past Stop Runs did not hold and quickly reversed. They usually begin @ 4:00 PM EST - 4:02 PM EST.
CME_MINI:NQ1!
by HK_L61
3
NQ - ATHs Tested and RejectedAs Fate would have it the NQ managed, once again, to tear my bottom another one. We began SELLING NQ early ahead of the NYSE open, from 630 to 700 within a large Inverse Ladder. By the time it reached 700 - the Net Position was down 31K. Fortunately, and here's that nasty word... Patience. Yeah, naw, I exhibited less than a good measure of it. IN truth, a larger than usual measure. The rationale was, by the EU Session Price will drop back into Profit. Which is did, that Account took me for the "Kiss the Dirt" ride - again. It did as anticipated and reversed ahead of the ES Session Close on the 10:30 AM Bar. _________________________________________________________________________ The original Trade Plan was to set a Limit SELL @ 696, After copious amounts of Java, the brown juice took over... "screw it, let's get to work." After having missed my FILL on CL, only to see it begin its usual grind into the Pit Open, frustration there as I missed by exactly 3 Ticks. Acceptance, usually not an issue, became one. NO matter - shook it off and moved on to the Nasty... It delivered the Spoonfuls of required restraint on the INV Ladder to 60 CTs. Once the Position turned Positive, the desire to reset was in full swing. Why did I botch this trade? I wanted to know, how could I repeat the prior mistake of last week with the Nasty. After Closing the position in a solid profit and reflecting on the decision to simply Limit Nasty @ 696 to 710 - SELL there and hang on for 11 AM EST... Yeah, naw, again... Patience. One Answer, One word. Keep it simple, overthinking Sh_t, ends badly for everyone in trading. Today is over before 11:30 AM EST. I have a Degenerate to find within and exorcise. Does anyone know a good Demon Killer? Hunter Killer needs to exorcise this Nasty B_tch.
CME_MINI:NQ1!
by HK_L61
4