Thirty-eight TACOs deep and the tape still flinches. This one had teeth.
Uncle Russell quietly completed the move we have been calling for weeks. Now what?
Crude finally moved, and the name I gave the pattern turned out not to matter.
One open question decides everything before the bell. Reality, or another reversal?

...
Read More

When you think bullish, the bear pulls you back in. The pattern in one line.
Premium Popper banked 4 out of 5 yesterday. Why intraday is loving this chop.
Closed my BTC bear swing at the 63K zone. The next setup forming underneath.
CL bear flag may be evolving. Still bearish below $97.

...
Read More

Tuesday’s exhaustion bar printed on framework cue. Why I’m not buying it yet.
GEX increasingly negative. ES down 80 as I type. Why the sell-off may not be done.
Bear targets hit across the board. RUT V-entry forming underneath.
Wed-Thu is the recovery window. CPI at 8:30 decides whether it opens.

...
Read More

Friday’s retracement done. Monday’s rally retracement pending. Why I’m sitting tight.
RUT V-entry at the range low. The trade I’d take. The trade I’m waiting on.
BTC’s slow-lazy rising range. Why this looks like the last bear flag.
CL punched the bear trigger. The $25 move below now possible.

...
Read More

Friday erased a trillion. The system had me sidelined for May. The wait paid off harder than Wile E Coyote chasing the Road Runner.
Four waits on four charts. Each setup armed. None firing yet.
Opinions are great. We all have one and we’re usually wrong. Rules pay the theta.
The historical post-NFP recovery starts 1-2 days after Wednesday. Until then, dead cat territory.

...
Read More

Today’s the day – will NFP turn the boing boing into zoom zoom or boom boom or even zoom boom. One thing is for certain: the yoyo’ing is making Wall Street bulls and bears dizzy.
NFP at 08:30. Forecasts spread 80,000 to 125,000. The 45,000-job gap is less a forecast than a shrug with a decimal point. ADP printed 122,000 Wednesday. Challenger logged 97,006 layoffs in May, worst since 2020.
The last labour read before Warsh’s first FOMC. The Fed chair who has stated his philosophy is to communicate less greets a market desperate for more.
SPX ranging-rassing-range. Shallow range. Downward range. Possibly Alan Rich’s old topping-pattern napkin sketch. Trade the breakouts.
RUT clean well-defined range. Bear swing held three minutes thirty-four seconds before taking off like a rocket. Rolled at close – back at upper end with bear pulse bars. New trade or in my case roll it. Keep the dream alive.
BTC chugging to the 60k target. Brief uptick attempt then back lower. Bears and institutional dumping keeping the bear train choo-choo’ing along.
CL right on the daily range lows, pausing on the 60min with a lovely range to play. Each-way: bull break back into the daily range up to $115. Bear break with potential to $75.
NFP first – then we see what happens when the dust settles after the opening bell.

...
Read More