Active Session daily forecast's have been dead on. Links of prior private daily forecast's are available, by request. Gets your shorts out and head to the beach.
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Half of move from O/N with low volume during Open and a Friday, not real strength and at top of channel that has been a problem.
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Potential move, may see a decent drop test.
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Target
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Diablo forming
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Diablo, GO
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May turn here for 50 point retracement
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50 Retrace
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Posted sell in May om may 5th, mention that it may go few hundred and drop. Today at top, called drop to target and retracement of 50 points. So far so good and I believe that we are going to se lower before higher. Will update when needed. Are you trading? Today was 1st Short call since this post (prior to drop, with target and retracement). Look above to confirm the flow and get on it.
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O/N Prop play is getting old. Look for drop test that stays lower (next few days).
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No O/N Prop and another Diablo, could be a drop test day.
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Under 13540 NAZ may drop some.
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Drop Test
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Hammer Down?
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Here is how it works, they run narrow days for weeks an then a wider narrow to make you buy in an follow (laggard). After the laggards are in the bottom falls out.
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Laggards will be tested today.
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Friday range may be 14050 - 13850, Laggards are in control. Most Meg Cap Tech are at recent peak and some way above, DAX at 17 month high and SP hit many upper target (near term). 10YN yield jumping and Dollar rising. Pull back may be next/soon.
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Thursday's Private Post Forecast. I called it but did not follow or believe it. INSANE.
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Friday's Private Post/Active Session Recap. Looked like a Long Liquidation day and not a Short.