ES - 15Min / Setting up for a Reversal
Gap(s) Below should be filled.
Will Pirce hold up until Thursday, Apple Reports...
Core Durable Goods @ 8:30 AM EST.
We witnessed Sellers intent, Highs were SOLD in the
Equity Complex.
Price should chop along the Range at highs until it rolls back over.
We anticipate the Lows to be tested and exceeded moving towards
the 200SMAs.
The VIX will need to complete its setup as will the VXN.
This rushed move back to Highs was fueled entirely by Retail ETF INV
Buyers and the Fute's Sellers.
At present, they are gunshy, having been run and run quite hard.
Swing Traders are yet to reposition in size.
Expect wild swings in both directions into November, Ultimately, we
believe the Indices give up the ghost and begin to trade lower.
There are far too many Conditions within the Market Structure which
do not support Price being Sustained much longer.
Will Pirce hold up until Thursday, Apple Reports...
Core Durable Goods @ 8:30 AM EST.
We witnessed Sellers intent, Highs were SOLD in the
Equity Complex.
Price should chop along the Range at highs until it rolls back over.
We anticipate the Lows to be tested and exceeded moving towards
the 200SMAs.
The VIX will need to complete its setup as will the VXN.
This rushed move back to Highs was fueled entirely by Retail ETF INV
Buyers and the Fute's Sellers.
At present, they are gunshy, having been run and run quite hard.
Swing Traders are yet to reposition in size.
Expect wild swings in both directions into November, Ultimately, we
believe the Indices give up the ghost and begin to trade lower.
There are far too many Conditions within the Market Structure which
do not support Price being Sustained much longer.
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We are - Sellers on RTs @ POs
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Patience as Price will be Volatile into AAPL
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Reverse Repurchase Agreements New ATH @ $1.8 Trillion.
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Reversal DELIVERED.