ES - Over Throw Completing 4496 / 4512 / 4532Thank 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 closed.
We are in a confirmed SELL as Targets/Orders on our
Inverse Ladder FILL.
Big Lick, dead ahead.
xoxo- Hunter Killer
Cl!
CL - Clear Progression towards 57Crude 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 trade, it has been a profitable week.
CL - Crude in SELL to 57sOff 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
NQ - DECWell 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 holding 10K in profit took off 4K for $8.3K.
Ugly out there, Jerome said so.
Today comes to an end, to those traders who followed - Congrats.
We took da opposers $ all day. Doesn't happen often, but a solid win for team
J.
ES - Chopping @ HighsES 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 correction.
Trading to and through the 50SMA will confirm the larger trade lower.
Complacency is at higher than usual levels.
The BULLs don't see this going down, not believing it can drop.
The BEARs lose hope as they have been repeatedly beaten.
Perfect environment... for those of us waiting for Fills at out levels.
Empire State Manufacturing simply confirms what we have suggested
for some time - Global Economic Activity is collapsing.
There should be a dramatic drop soon, followed by a reversal to
New All Time Highs.
May profits be yours, they are here for the taking.
Patience, it's here.
3588 is the must hold level, 3798 is our preferred level.
roughly 3600-3800 is the desired Target Range.
CL - Crude Oil Aggressive SellingWe 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 price
to bid. It has been far easier to set brackets within the range.
Most of our attention has been on the NQ trading 30min, 1Hr, 2Hr
candles with large size prior to EU close.
The afternoons get dangerous as the Algos quickly accumulate
chasers at lows to punish then again and again.
CL/RB have seen even wilder price actions in Range.
Best to remain patient as the whipsaws can be dramatic, using
preset orders in OCO/BRACKET to complete entry/trade.
Good Luck, CL FRYday is almost here.
CL - Algos and the RangeAttached to following Range.
For Now.
In breaking the prior lows of 6501, a vastly new opportunity opens up.
SPY 450 whipsaw and bust or Bust. Either way, it's concluding.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 remains rangebound between it's Daily HWB @ 77
with the lows @ 6501 being the 12 Handle playground.
We can anticipate TECH attempting the 15363 Level for now as 15K appears
to remain the pivot. There had been no significant break in NQ.
Will it fill, Wall Street appears to want that fill for now.
ES has a similar agenda with OPEX Friday, 4450s or bust.
Presently we have closed 90% of all trades/positions yesterday
ahead of 10AM and are taking a break patiently waiting for
resolution.
CL MIcrosWe 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 prior to reversals.
IF it were to break 6870 and begin a traditional measured move to and
through this level, 6501 - 62.00 opens up for trade.
At present we are SOH having closed 70.56 SELLS at 69.25.
We will watch for indications as to direction into 10AM EST Pit and EU CLose
@ 11.30 AM EST.
CL - Clearly defined RangeWithin 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.
BTC - Press Your LuckThe Potential for a Squeeze in BitCoin is rising. 30,000 lets go and Sellers will
indeed press their luck should it fail.
Selling throughout the EU Session has gained momentum as the VIX broke it's
UTL by 4 Ticks.
We had issued a cautious note on Indices into July 20-22, 2021 as tensions were
beginning to mount in the South China Sea.
RTY has failed IT Support, ES Fails at 4251, YM 34,000 - NQ 14313.50.
CCRV has been indicating a Pullback in the Commodity Complex as the Curve
appears to be heading South once again.
Presently, we are anticipating a minor retracement at some point today, perhaps
when the EU Session closes up into 11:30AM EST.
Should Selling continue unabated, we anticipate BRC losing 30K this week and
heading to out open Target of 24955. 36,000 should contain any ST Squeeze as
the Sell Side of the BTC trade is becoming crowded.
NG has been a stellar counter-trend trade to CL, $4 appears to be in play.
Remembering when NG traded from $1 to $21 - brings back memories.
OGZPY (Gazprom) would continue its trend to $20 over the longer term time
horizon.
The VIX has made a new high just now and is now targeting the 22.75 Level.
It's going to be a sporty day indeed, right on time :)
CL- going short the hard wayIt seems that my earlier trade on oil is going the way original planned. I have taken in and out several times waiting for this. False breakout after more false breakout. I always keep losses small though. Now I am in profit again and hopefully more. See prior link below for trade details.
Miss Bunny