Many Headlines en route. Not an auction for small fish.
As mentioned previously, the Market is still in balance between 17000 - 17300 - 17800.
The Market remains in balance between the Upper auction 17300 - 17800.
The Market breaks below 17300 and spirals lower.
An Old Friend : 17880 (hindsight) unwinds our Summer Swing attempt. This was shared in the previous note but personally failed to see their strength at the time. I assumed our Buyer from previous would continue to Support but ER had flushed below the 04/26 spike.
We are now below both Pivots on the indices : NQ : 17510 / ES : 5060. Bear Market is on the cusp, but will require one tier lower for me to take action / have confirmation.
If the Market plays higher, I will have to find a train higher to catch the move for higher. This auction has used up my juice and I will refrain from entering until new MGI + Headlines have been laid out.
ES
Pivot : 5060
Longs to : 5140 / 5205 / [xxx]
Shorts to : 4933 / 4840
Minor : 5004 / 5028 / 5096*
NQ
Pivot : 17510
Longs to : 18050 / 18250 / [xxx]
Shorts to : 16880 / 16440
Minor : 17175 / 17350 / 17550*
[HINDSIGHT] : If I was a hindsight warrior : 17880 was Reject and the market flushed. Bearish activity continued below 17770 : and now trading 200p lower.
I only babble about the levels + points I play (to its fullest). This time, it was too determining the flows from 500p lower.
Sidelined for now.
Appreciation for the plan and your transparency in your own trading, even the best stumble, you'll catch another 1000% banger soon enough I'm sure. Let's see how they interact with 510