NQ - CPI / Yields + ES YM RTY - Structure SummaryIntra-Day setups remain our only trades as the VIX completes Settlement Tomorrow.
Puts are again becoming attractive as this weeks Gamma Squeeze is beginning to
become extended.
AAPL -150 CALLS * Apple claims they will be unaffected by Semi Shortages
TSLA - 750 Calls
AMC - 56 Calls
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20 Weeks SemiConductor lead times.
Q3 EPS warings begin next week
VXN Pullback
ZN broke the Long we are watching the 133.125 Level
TLT weakening in structure sub 150
***12735 is the Longer Term Price Objective into November
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ES YM RTY remain in a Micro Squeeze on VIX Settle and pullback potential to 19.20
ES - remains within its Series, Resisitance is holding for now, the Objective is a full 50%
retracement off the conter-trend long from lows.
ES PO - Larger Resistance 4492 - 4505
YM - 34993 -35035 Objective
RTY - Ranging between 2119 - 2335
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CL - 7161 breaks and we have the potential to return to the Weekly FHWB @ 77.00
CPI will have a large effect upon CL
Previous highs acting as support... mean higher for now.
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Food Prices rose 16% MOM... CPI Ex - Food/Energy
Energy Prices are up significantly MOM
Dollar / JPY is gaining strenght implies a clear flight to Safety and RISK OFF
109.83 sends it higher... far higher.
10Yr Yields remain just below a breakout at 1.417
Financials have failed at resitance repeatedly - 4521 the level of Micro Resistance
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The FED removes theor gloves next week ahead of important elections. Namely It Canada intially
as Treadeau is the Chimp to watch for the Green Agenda in North America... it is extreme in its
importance for the Agenda.
Europes selections will be followed closely as well as LaGarde has teed up her Chimps to advance
the Agenda.
California has the Governors recall which appear to be failing quietly. Gavin is a piece of work, little
HItler disguised as a Sunbeam.
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Geopolitics will have far more impact than has been priced in...
Cl!
CL futures .Good opportunity to buy higher 70Oil stil having a bull trend, it accumulate energie more than a week, clean zone until price 74$.
I will by oil only when price will broke 70 and make retest so its confirm that our level is good and buyers trying to ceep price over this level.
Stopp loss not more than 10-15% from ATR (arround 20 cents). Take Profit minimum 60 cents .Enterin only with law volatility.
NQ - Fridays / ES YM RTY TLT ZN AMC TQQQ CLNQ is the last to break.
It's Friday.
The FED is providing $8.34 Billion in Coupon Purchases.
1/4 to 1/2 Size today.
We will be watching until 10AM EST, to see IF there is
support of any kind.
Selling pressure yesterday was significant, but
again... it's Friday.
Commentary from 2 prior Sessions does not change.
Have a good weekend - HK
CL - Wedging out for Break Crude Oil remains in a Weekly SELL, Resistance continues to hold
overhead after reaching our 7061 TGT.
With the DX gaining strength, CL will come under pressure.
Price Objective - 67.68
CL - IF we are to see a ReversalCrude Oil will provide indications a sign of the next decline.
Our Price Objective was met, typically CL will exceed these
PO's prior to a reversal.
We sill see it there is a 2nd test of the highs tomorrow.
The lower Price Objective in Trend is 57.
Monthly Draw is 6.50 to ATH @ 148.20.
Large, volatility should continue to build.
CL - Selling into LevelsWe took our first STO @ 68.10 just now and will Build an
outsized SELL Position to the APEX.
The DX, we believe will place pressure upon Crude Oil
in the coming weeks.
Off the height of the APEX, we Indicate a return to 65.70
and then lower to 57s as the Equity Complex comes under
extreme duress, led by Technology, the Dollar and Yield
Curve.
CL - Weekly ALGO Counter - Trend - Hedge to ExitWe Hold 7.5 K @ ~ 6593 STO
We Hold 12.5K @ - 66.34 BTO
Presently we are Legging OUT of STOs
1K per 12 Ticks above 66.35.
Net Long as .500 comes into trade
the 66.61 pivot exceeded and dipped in,
we bought the lows ahead of AM Pit Session
and are slowly putting the Net into Balance.
On Trading CTs we are now + 2492 Ticks.
Rebalance will leave us NET Long 6K at ~ 66.54
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 - 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.