Good Morning – Today is Series S2L VERY IFFY and the SPILL is UP… Yesterday shortly after the close, a NEWS CATALYST hit the Market involving allegations of Obstruction of Justice. The ability to put that to price and then form a WHAT NEXT is all that matters… What we had before that Catalyst hit was laid out about as good as it gets and blends price and form. In fact the most crucial aspects we in place well before NOON and dovetail very well with the Honing Sections this week thus far.
Tuesday HONING –Expiration weeks tend to skew up as the normal and the Bulls did get a Jump Start on that as they have created a cushion out of the gate. What the BULLS failed to do was go after the STRANDED PEEAN TRAP at 2403.75 (French election trap) much less the lower cash price on the 2409-2439.5 cash band at 2409 rather it be due to the FLIP, the lack of an aberrant mid p.m. high, or on a squeeze to the close FOLLOWING the last hour low assignment. Failure is Failure, Time is NOT Price, and Price is your arse – Period. The Bears FAILED too when they had a shot at going for adeep lunch or last hour low… What yesterday did accomplish is FUTURE NEEDS that are pretty well defined: The BULLS need to go after the Peen trap and more importantly THEY need to go after the 2409 cash and the 2407.5 SPOT — If we touch the 2403.75 in real time another SPOT will be added today at 2413 tied to the itty bitty fib at 2415 given last Monday… If that is not touched the 2413 is not assigned, simple as that. The BEARS need to kill the 2398 SPOT for starters but accomplish nothing on the day unless they go after 2391 SPOT and on a 1 larger time frame they are now in need of going after the 2385 SPOT not just the back through of the 2379 COMMITTED aka THE LATEST BEAR SOAP DROP… SPOTS, TA ROUNDIES WORK IN 2393.75 a non spot and 2403.75 a Peean trap for starters… NO CHARTS TODAY –
IMPRO:william blount:(10:29:01 AM): we got a clean 5 up on the opening from the thursday low and unless the bulls extend the third wave from the FRIDAY low, the bears have a shot — today from a minnow perspective
MIM:william blount:(10:37:05 AM): if the bulls do get the reversal from in here basis the clock then the day will look better as a 21 odds spill high and a.m. low -aka flip to s1L which in turn means the last hour goes to 68 L and 32H odds l
MIM:william blount:(10:37:16 AM): series 1 days are tricky
IMPRO:william blount:(11:29:39 AM): the most bullis way to view the market since 2379 spot is 1,2 ( origin 2379, thursday high, friday low ) and then i-ii of lesser degree in the 3 and that is the rally from friday lod to the high today and then this correction
IMPRO:william blount:(11:31:05 AM): bears of course will see the HOD today as completed blood red B on the 27 in rth es chart that has been sent multiple times and will be included tomorrow
Tying the information above to the minnow/sardine work, yesterday and MORE IMPORTANTLY the WHAT NEXT is what has to be done NOW.