Hyper-Hopia
An eye for an aye“Watch the turtle. He only moves forward by sticking his neck out.”
– Louis V. Gerstner, Jr.
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Visual Ideas
Filter out the Noise
11:02 E i dont think high is in yet
11:02 E i think test 35/38 nro
11:06 E late shorts trapped, we test 35/ 38 today i believe
11:17 E t1 33.75 achieved so 29.5 important
1:11 E no hurry either direction today
1:21 PM E no trades recommended right now
1:56 PM E lunch ending aternoon may produce another attempt at 35 to 38 tests
23 support right now from the double
2:18 E PM just manage trade if long for 35 test this is small squeeze trying to hold above 29.5
Lunch was very choppy, when market tips its hand then it’s ok to join winning side for the 35, 38, and 42 test
Afternoon Delight
2:21 E longs can trail but pfs by 38 , 42 is t3 thats why using that now
2:45 PM E paid for sure 42. 46.25 t4 and that was near our 45.75 marker. above 42 is good fortune i believe
we said could go 45/48 but doubt that high xx is 45.75
dont have to try short if jumped on breakout, just make sure capture part of that move
44.25 top of pipe predictive model
fast down range from fri being reauctioned
i think that 48 we talked about is now the key
11:02 E i dont think high is in yet
11:02 E i think test 35/38 nro late shorts trapped
11:06 E we test 35/ 38 today i believe
11:17 E t1 33.75 achieved so 29.5 important
09:30 E looking for bounce and wac a mole as we open up above the emas
09:31 E looking for longs to try and defend 22
09:50 E rising moving averages will hurt shorts for now
09:51 E see where 48.25 dea is important?
3:00 PM E and i think scalp short if want to try from 42/48, 32 agg support
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Today’s Thoughts
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