JULY 5TH 2660 DRAFT 26-B, MINOR DOWN SHIFT
From here on out, I really do not consider these adjustments a "separate draft". We are talking details of the same move. With that said, here's where we stand now:
1) orange is base case
2) and I know that it's slow now vs both yellow and blue routes
3) but trend engine has strong expectations this will pick up
4) and if the curve shifts again, it's more likely to shift UP
5) closer to yellow route
6) it is much more unlikely to to shift to blue route
7) because this "widen the channel" significantly for the rally
8) and that's really unlikely at this point in time
9) but I left blue route up bc it's has not been "eliminated"
10) we should know before NY close Monday.
1) orange is base case
2) and I know that it's slow now vs both yellow and blue routes
3) but trend engine has strong expectations this will pick up
4) and if the curve shifts again, it's more likely to shift UP
5) closer to yellow route
6) it is much more unlikely to to shift to blue route
7) because this "widen the channel" significantly for the rally
8) and that's really unlikely at this point in time
9) but I left blue route up bc it's has not been "eliminated"
10) we should know before NY close Monday.
Note
11:52 PM, almost 6/24 now.1) my feeling about this is
2) once we get to late Tuesday
3) this move has to get corrected up again
4) so back to yellow route by late Tuesday
5) is what I think I see
Note
6/24, 2:07 AM ET, just dropped to 2322.xx again and here is what we have:Note
1) first, it's not going to do any of these routes 2) but let's clear this up
3) the part that needs to clear up is this box:
Note
Note
4) London just opened5) so if this thing touches 2320 again, I am going to the hedges on 50/50 until this part clears
6) as of right now, it's looking like a version of blue again
7) which is a weaker version of DRAFT 25
8) whatever the case maybe
9) price needs 2367-2372 for the break out move
10) blue route is the last route for this setup
11) in which if price doesn't take this route
12) it devolves into sideways to nowhere for sometime until another setup arises
13) which I've stated before looks like October
14) but that's where we are, yellow and orange are eliminated
15) all we have left in some version version of blue or orange/blue
Note
6/24 3:19 AM AND FINALLY THE VERY VERY LAST DRAFT, 26-C:
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