NQ - Updated Structure to Primary 4/5 to 1/4/5 IT

29 thg 1, 2022

There are two possible outcomes this coming week.

This is my preferred Structure and Projected result.

Given the NQ''s wedge forming, the Break will depend upon
several Levels which will give us a clear indication of the two
possible outcomes.

The levels to observe will be provided in the following two
commentaries for the Break of the Wedge.

We'll zoom in on the following commentary to provide a better
overall Structure for Time.

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Intra-Day Ranges have been 400 - 600 Points.

Friday was another Table run once again, Sellers were stopped
into the close as the range expanded from 13700 to 14300.

The Front run of 14040 @ 14060 was Support in the Afternoon
Session. it was 400 Up from this Level.

The last 90 minutes of the Day the Fangs kick in to provide
lift until Apple cleared the options book it was strangely just
above 165, with the low coming in the 166s.

Patience was absent in Apple options, 165 holders(50/50 PC)
began liquidating early, unwilling to hold as they grew worried
there was another Low ahead. Price reversed quickly off the
late Closers and ran up nearly $4.

The Sellers remain in control for now. with some deeply concerning
Monthy and Weekly Timeframes.

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Initially, we had believed the reversal would come off 13174s
after the 2A 2 B 2C is completed - this Structure is improbable.

3/3 would extend far lower in the LT TF.

I'll break down both counts and the issues with both.