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Cl!

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.
CME_MINI:NQZ2021Short
by HK_L61
1
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.
CME_MINI:ES2!Short
by HK_L61
1
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.
NYMEX:CL1!
by HK_L61
1
SPY 450 whipsaw and bust or Bust. Either way, it's concluding.With the ES providing clear indications of a break @ 4370 yesterday, the Algos took it upon themselves to provide an immediate rescue, all ahead of 10AM EST. 4408 remains the key level for the ES as the UTL, it has pierced this level repeatedly. The Transitory Narrative gains minor traction with the Energy Complex having a difficult time. Energy leads, but remains rangebound between it's Daily HWB @ 77 with the lows @ 6501 being the 12 Handle playground. We can anticipate TECH attempting the 15363 Level for now as 15K appears to remain the pivot. There had been no significant break in NQ. Will it fill, Wall Street appears to want that fill for now. ES has a similar agenda with OPEX Friday, 4450s or bust. Presently we have closed 90% of all trades/positions yesterday ahead of 10AM and are taking a break patiently waiting for resolution.
AMEX:SPYShort
by HK_L61
CL MIcrosWe are using 3 draws within the Micro Timeframes. Each is a valid setup with Convergence in the 6955 - 6959 Area. CL has made a new low in during Globex @ 6904. The Target on the prior setup remains 68.70. 6919 - 717 remains the area for a retest within the Range for now. The 6904 trading is typical CL Price action, it drives lower and higher than indicated prior to reversals. IF it were to break 6870 and begin a traditional measured move to and through this level, 6501 - 62.00 opens up for trade. At present we are SOH having closed 70.56 SELLS at 69.25. We will watch for indications as to direction into 10AM EST Pit and EU CLose @ 11.30 AM EST.
NYMEX:CL1!
by HK_L61
BTC - Press Your LuckThe Potential for a Squeeze in BitCoin is rising. 30,000 lets go and Sellers will indeed press their luck should it fail. Selling throughout the EU Session has gained momentum as the VIX broke it's UTL by 4 Ticks. We had issued a cautious note on Indices into July 20-22, 2021 as tensions were beginning to mount in the South China Sea. RTY has failed IT Support, ES Fails at 4251, YM 34,000 - NQ 14313.50. CCRV has been indicating a Pullback in the Commodity Complex as the Curve appears to be heading South once again. Presently, we are anticipating a minor retracement at some point today, perhaps when the EU Session closes up into 11:30AM EST. Should Selling continue unabated, we anticipate BRC losing 30K this week and heading to out open Target of 24955. 36,000 should contain any ST Squeeze as the Sell Side of the BTC trade is becoming crowded. NG has been a stellar counter-trend trade to CL, $4 appears to be in play. Remembering when NG traded from $1 to $21 - brings back memories. OGZPY (Gazprom) would continue its trend to $20 over the longer term time horizon. The VIX has made a new high just now and is now targeting the 22.75 Level. It's going to be a sporty day indeed, right on time :)
COINBASE:BTCUSDShort
by HK_L61
3
CL - 77s were the HWBCrude Oil Curve remains in Backwardation out to May 2022 @ 66.71. A clear warning sign. We will be selling to open CL SEP as Front Month (August) approaches 73.50, An inverse Ladder will be used off the -.382 up the -.618 The Curve supports our higher sells on the 77 Daily HWB of highs to lows, CL traded 76.98 - Sells to open were closed @ 71.57 although the low printed 80 ticks lower, the opposing trades have been profitable on retracements. It is growing increasingly technical with wider ranges on each successive retracement. Overtrading in Crude is evident as sentiment has been solidly bullish for some time. It appears there are a number of chasers at highs - there always are. Crude Oil leads and along with Copper, Lumber and Precious Metals - we see early signs of weakness. We are looking for 70.56 and then 67.61 in the next few weeks to a month. The CL Curve supports this thesis and Trade Plan.
NYMEX:CLQ2021Short
by HK_L61
3