ES - 2 Hour / Hope Floats
We can see the Symmetry within the 2-hour Timeframe.
The Riggers provided a Pullback into and thru our initial
downside Range for Friday @ 12420 NQ and 3971 ES.
Higher participation SELL on a Friday, a typical low
participation day... is an indication of what's to come.
AKA the larger drop we have been anxious to setup
and ride to Lower Lows.
THE CHART IS CLEAR, this will be sniffing glue until it
OD's on this most recent Counter-Trend Fraud.
It will massively.
Let's hope it heads higher into Mac Daddy Mega Crap EPS.
We want the next TOSS, we see the results of heavy
Resistance Rejection on a Day of the Week where Wally
World can move the Junk Co Junk at will.
Sellers bailed at levels on the TOSS.
After breaking the Upper Weekly Ranges... poof, SELL
this Junk.
_________________________________________________
Is it time to GIGA SELL? It is however Close at hand...
Probably not, Large Resistance was the clear Sell on the
First Test.
Will there be a re-test?
Yes, there should be ahead of next week's skew to outsized
Macro Data - which will be nasty again.
Strength... it's long gone. The Fundamentals underlying are
simply dissolving.
Pricing Power is collapsing, NET's collapsing. For Corporate
Amerika aka Junk Co... the "Future" is cloudy...
Yeah, naw... it' ain't you lying scumbags.
It IS patently obvious.
Junk Co will be repriced again on E's, P's, and S's... and not
a little, but a whole bunch.
ATT, VZ, SNAP... Clues.
ATT facing a Social Credit Score disaster... Roll out the Biden
Phones as the Obama Phones are Landfill excrement.
SNAP will never be profitable... ever. It's a flawed business
model, deeply flawed.
Banks... yeah, they will be laid to waste as the Yield Curve
Inversions, persistently so, are a solid indication far more
defaults are dead ahead.
Financials are about to re-enter the Doom Loop. The Markets
are never able to get ahead when FInacials collapse.. and they
will.
_______________________________________________________
The SPY traded both sides of the Range as well, failing to fill
the 401.44's... Pullback or Consolidation... we shall see...
A breakdown will be sold wholesale, we know this, best to let
it resolve and confirm than be whipsawed as the "Fake Bullish
Posture" remains...
Extremely dangerous to be a Long, Bull, Boob, Noob, Degen.
Bears will own it soon enough but need to remain patient
as it can Whipsaw once again to shake the last of the late
chasers in then tear them down.
Patience... the theme.
Far lower lows ahead.
Hit Play - You'll see it -
The Riggers provided a Pullback into and thru our initial
downside Range for Friday @ 12420 NQ and 3971 ES.
Higher participation SELL on a Friday, a typical low
participation day... is an indication of what's to come.
AKA the larger drop we have been anxious to setup
and ride to Lower Lows.
THE CHART IS CLEAR, this will be sniffing glue until it
OD's on this most recent Counter-Trend Fraud.
It will massively.
Let's hope it heads higher into Mac Daddy Mega Crap EPS.
We want the next TOSS, we see the results of heavy
Resistance Rejection on a Day of the Week where Wally
World can move the Junk Co Junk at will.
Sellers bailed at levels on the TOSS.
After breaking the Upper Weekly Ranges... poof, SELL
this Junk.
_________________________________________________
Is it time to GIGA SELL? It is however Close at hand...
Probably not, Large Resistance was the clear Sell on the
First Test.
Will there be a re-test?
Yes, there should be ahead of next week's skew to outsized
Macro Data - which will be nasty again.
Strength... it's long gone. The Fundamentals underlying are
simply dissolving.
Pricing Power is collapsing, NET's collapsing. For Corporate
Amerika aka Junk Co... the "Future" is cloudy...
Yeah, naw... it' ain't you lying scumbags.
It IS patently obvious.
Junk Co will be repriced again on E's, P's, and S's... and not
a little, but a whole bunch.
ATT, VZ, SNAP... Clues.
ATT facing a Social Credit Score disaster... Roll out the Biden
Phones as the Obama Phones are Landfill excrement.
SNAP will never be profitable... ever. It's a flawed business
model, deeply flawed.
Banks... yeah, they will be laid to waste as the Yield Curve
Inversions, persistently so, are a solid indication far more
defaults are dead ahead.
Financials are about to re-enter the Doom Loop. The Markets
are never able to get ahead when FInacials collapse.. and they
will.
_______________________________________________________
The SPY traded both sides of the Range as well, failing to fill
the 401.44's... Pullback or Consolidation... we shall see...
A breakdown will be sold wholesale, we know this, best to let
it resolve and confirm than be whipsawed as the "Fake Bullish
Posture" remains...
Extremely dangerous to be a Long, Bull, Boob, Noob, Degen.
Bears will own it soon enough but need to remain patient
as it can Whipsaw once again to shake the last of the late
chasers in then tear them down.
Patience... the theme.
Far lower lows ahead.
Hit Play - You'll see it -
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