JULY 5TH 2660 DRAFT 26-D, SOOOOO CLOSE TO ESCAPE MOMENTUM
Monday 6/24 and price still toying with 2320s-2330s, is it going to happen? Do we have enough time left? Did we just was several months chasing ghosts? I think we are about to find out:
1) in chart above, yellow is basecase
2) speed wise, this is only somewhat slower than draft 26-C
3) for now...
4) should we get the move for 2370 tonight
5) NONE OF THAT WILLL MATTER!!
1) in chart above, yellow is basecase
2) speed wise, this is only somewhat slower than draft 26-C
3) for now...
4) should we get the move for 2370 tonight
5) NONE OF THAT WILLL MATTER!!
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6/24, 3:00 PM ET, 2333.83 and coiling 30 second bars....6) ALL WE NEED IS 2370 to come tonight
7) and on 6/24, we have the exact setup we need for tonigh
8) the rolling momentum will breakout Tuesday night
9) OR VERY EARLY WEDNESDAY
10) in theory, 2370 tonight is give bulls escape momentum
11) and keeps 2660 on the table for July 5th
12) with long term pattern-adjusted high near 2725
13) but that's really high to be talking about
14) so one step at a time
15) until we have spike up to 2360s
16) we do not yet have "a guarantee of escape momentum"
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17) I am pretty sure this "super max coiling" will mean a different shape for the rally18) with the first point of contact being Tuesday afternoon and Tuesday night
19) this makes everything that NEXT WEEK looking fuzzy in terms of pattern
20) in 36 hours, we will know everything we need to know
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21) SHOULD WE GET THIS MOVE TONIGHT22) and we can't figure out what pattern will this Thursday onward
23) holding through to 7/5 end is NOT A BAD A IDEA
24) unless you are holding options, in which doing so may result in a heart attack
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4:37 PM ET, price is sticking to 2333 like it's super glue...1) trend engine says move highly highly likely before midnight
2) so in 7.5 hours
3) we dont' have it yet
4) but once we do
5) what happens on Tuesday and early Wednesday
6) should be shocking
7) in the sense that I do realize my chart would be too slow ...
8) when the pressure releases
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9) so these idiots showing up talking trash ..10) but honestly, if I didn't know what I know
11) 2660 on 7/5 (and it's end of day 6/24, 2333)
12) that seems crazy!
13) I get that!
14) BUT THAT'S WHAT IT SAYS!
15) I PROMISE YOU I'M READING THIS RIGHT
16) all of this relies on the move tonight ok?? (AND THIS MOVE IS OUTRIGHT FAVORITE)
17) in chart at top I have 2485 hitting THURSDAY MORNING 8 AM
18) trend engine is saying that if WE DO GET 2370 TONIGHT
19) LIKE WE ARE SUPPOSED TO
20) this chart would be 30 hours too slow
21) let's just leave it at that bc I don't want to "make the call to jinx it"
22) bc that's saying enough already
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5:08 PM ET after market closed... 2333.50 1) for tonight 2370 is OUT RIGHT FAVORITE VS FIELD
2) GIVE ME THAT TONIGHT...'
3) and I'll shock you TOMORROW NIGHT
4) that's Tuesday night, NOT THURSDAY MORNING
5) crazy
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6) GIVE ME 2373+ TONIGHT7) and 2730 is on the table
8) might have to take it off by Friday
9, BUT IT WOULD BE ON THERE
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10) I already a better chart than this one 11) but until we see what happens tonight
12) I don't want to jinx it
13) but let me reiterate
14) 2370 is OUTRIGHT FAVORITE
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15) with distinction of no relevant secondary outcomeملاحظة
16) remember, 2730 is 400 up from where we are this morning ...17) remember I said that
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6:06 PM ET, Globally speaking:1) Sydney opens right at NY aftermarket close
2) Tokyo will open in two hours from now
3) London opens in 8 hours
4) so generally
5) the next 2 hours are lowest vol of the entire day
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6:40 PM 2332.XXملاحظة
1) too much stalling2) first sign this stalling is damaging the setup
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7:09 THIS LINE BROKEa) so time to delever
b) we still have the setup
c) but it's at risk of back-to-back check down to 22-24
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d) no 23-26ملاحظة
e) no, I was right before, 22-26ملاحظة
7:34 PM ET, 2331.xx that risk probably over, but I have bad news1) we have the rally setup
2) but we don't have the pattern
3) which means I see massive strength to 7/5
4) but it's not going to give us an easy pattern
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8:04 PM ET I GOT IT... but it's a hard one1) so let's start with this:
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2) so a long now is just a tactical long3) bc you would have to sell 2360 to avoid a 35-40 point check down
4) so that's where we are
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8:23 PM ET so I 've eliminated all variants of of DRAFT 25 AND 261) but the break out setup is still on
2) there's a move we watch for it to start
3) but I don't know how it would finish
4) and the move described above is what I am watching for
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5) but since we are at the the extreme limits of time6) it's still to keep acting like this is going to happen
7) so we proceed with the 36 hour picture until price proves the break out
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8:40 PM ET.. I still have setup getting ready to break out1) but it's more dangerous I don't know what route it should take to break out
2) that said, we are talking range between 2320-2360
3) I"m working on it
4) personally I am at my wit's ends bc I couldn't tell you what it should do...
5) if it DIDN'T setup to to break out
6) besides as I said before, sideways to October
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7) 8:43, the only example I have8) says you're supposed to stay in the move
9) bc low is in Sunday early Monday
10) but that's not enough reason to just hold on blindly
11) I see 2 ways this happens
12) mostly likely is the way I described above between the two lines
13) the other day I have to confirm with trend map
14) it's just free form estimate of total escape momentum
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15) this post has ended, here is DRAFT 27
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