RIGHT NOW #003
Not a lot happening now that Tokyo killed the bullish momentum. Absent a major news driver. You can take a 4-hour break.
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8:37 PM ET, see the zigzag on the left?1) that's high zigzag bc of anticipation that 2 major lines were taken out
2) I DOUBT that you get that anticipation tonigh
3) bc its making a "weak re-test attempt"
4) so you get low zigzag to 68-70
5) short that, 2331 should come by 1PM FRIDAY DURING NY.
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6) since that's 15 hours out7) probably need #004 by 4-5 AM
8) for trend reconfirmation well ahead of NY OPEN
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9:14, gotta short this bounce first and I will say why:הערה
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9:23, I thought you could take a 4 hour break, I guess you can't.הערה
9:32, 66!, STILL GOING TO ZIGZAG THE WHOLE WAY LIKE BLUEa) so rinse and repeat
b) it's going to zig zag several times and then get to 70
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9:39, 68+, so evidence says just as high zigzag as the left side.הערה
1) almost 70 as I type2) but if it can't keep going
3) the deep zig zag can tag 58 next and then 68 and repeat for a while
4) so instead of crushing the curve to gray
5) now we have high vol blue
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10:02 PM, shorting 72.88, bc there are several ways this works out as a scalp1) first, if price kept the red line IN THE BEGINNING, that would've been the way to 82
2) taking this route is really hard to get to 82
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10:09 PM ET, but not impossible!3) the route all the way up to 2432 is open
4) BUT IT WAS OPEN AT 2432 (setup to go to 2485)
5) and that was smacked down -- so ...
6) I don't have any reason to think this late spike to 73-74
7) is going to do a damn thing EXCEPT REVERSE COMPLETELY
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10:34 STOPPED OUT 2374.5הערה
1) the spike is changing the pattern 2) I'll short again when I know what that pattern is
3) unless it is the move to 2432... Jesus what a headache
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4) short 2474.3, 10:40 PMהערה
5) 10:45 stopped againk 76.56) my zigzag turn signal is not working for this scalp
7) it's going to 82
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8) hours ago, I had this: הערה
9) but trend maps don't have this breakdown and still run up like this10) so 78 right now price is back above both lines it lost earlier
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10:55: minutes ago, I bought 7/29 (Monday) 2475 puts when price was 76+11) hedges start at 82.5
2) above 2370, price is threatening a reversal up to 2430
3) I don't believe it
4) so I am holding this all night
5) 2480s force me to hedge or get out
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11:07 PM ET, 2373.19 הערה
1) originally I thought it should've gone with the red line2) to 2382, that was the strong way to do it
3) and even in that scenario it would still die
4) this scenario was a bit a more annoying
5) but overall weaker bc missing area and lower high
6) Monday options are pretty close to 0DTE in terms of leverage
7) so while I say "hold all night" blah blah, this drops hard to 60-61,
8) and I am good for the week
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12:52 AM, 2371.44, PLAY CHART AT TOP1) so, I was off on the time/price a bit
2) but the strategy going in
3) was to short the high
4) and watch for 2331 in NY tomorrow
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1:19הערה
1:19 AM , 2370.XX just close my shorts at 2369.xx1) bc I am going to bed
2) I don't have a position on
3) be careful, because when I am not in front of the screen
4) can't forecast, trade, send /buy et...
5) too tired to "update chart at top" as new post
6) and Id'on't care, I am going to bed
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7) as soon as I wake up, I'l get new chart ready *Have a good night"
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7/26, 3:14 AM ET, play chart at top.1) there's a feint blue line holding back price
2) that line was imaginary
3) meaning it did not exist
4) and only existed once price topped where it did
5) and got rejected a second time forming mini double toop
6) and third time broke the line but got sent back to 64
7) well I several alarms for lhis line to wake and it did
8) FOR WHAT THOUGH?
9) FOR BULLS FIGHTING TO HLD THE 44-YEAR TREND LINE
10) the support since 1985 in February is important and all
11) but that's a five month trend line
12 we are talking about a 44 year trend line
13) so what does that mean?
14) first it means blue spike like chart above
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15) so in chart at top the bold black line is the 5 month line16) the skinny black line (which I thought we gave up) bc of a close under it
17) we just bounced off it
18) and we are bout to have an explosive August
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3:40, AM , SO 10 MINUTES AGO, I sent out messages to a few key people.1) to buy 2371.
2) these people buy and hold more
3) but I realize now, there's few more hours until 8:30 event time
4) about five hours
5) its still possible to get a 2355 retrace before swinging back up to break
6) well, everything
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3:56 AM, IT'S NOT OBVIOUS THAT WE WILL HAVE THE RETRACE1) play chart at top
2) bulls are pushing for breakout in the next hour
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4:06 AM 2373.02, NO CHOICE BUT TO GO SUPER LONG HERE.הערה
4:10 BUT WE CAN DO IT IN BATCHES UNTIL MORNINGהערה
4:32 AM, WE ARE DONE WITH THIS POST. FROM HERE TO NY OPEN IN 5 HOURS, USE THIS:הערה
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