NQ Daily
What went wrong and why was there no Lower Low and Capitulation Event.
I anticipated a larger downside move with Divergences reaching extremes into
the Single Digits for a great many Indicators.
Rejected.
Instead, what formed was a Double Bottom Support projection of a second test
with higher Lows with no new extremes.
Two events led to the creation of the Reversal:
Jerome Powell's Press Conference.
China's CCP issuing a Put underneath their Markets.
______________________________________________________________________
China: The CPP issued an initiative to stabilize their financial markets. Vowing to markedly ease regulations, while supporting
property and technology companies and "stimulate" their economy.
The CCP "should" - “actively introduce policies that benefit markets,” according to Vice Premier Liu He, the country’s top economic
official.
A CCP promise ticket to ensure investors' interests after a sell-off in China shares due to fears over growth risks and tough regulation
of real estate and internet companies.
The A50 had declined nearly 24% since December 8th 2021.
Evergrande had been absorbed by the CCP as insolvency became evident to Global Financial Investors as Property Markets in
China was left to fend for itself initially.
______________________________________________________________________
The FOMC issued its pronouncement on FED FUNDS Rate @ 25%.
I was anticipating 50%, believing Bullard would prevail as his forward guidance is most often followed.
Sentiment surrounding the Rate decision was mixed. The Dovish / Hawkish interpretations were in trade.
Regardless, the Global Prop was forged, Central Banks provided the Liquidity to advance Equities higher
and higher into 4X Expiry.
The FOMC's position to cause a "Recession" (Further Depression) was bought, Wall Street used the opportunity
to declare a bottom.
Instability has expanded as a 500 point 90 Minutes is the newer normal.
_______________________________________________________________________
Friday's synthetic Price action was a pure continuation of the Prop. An Algo-driven grind was higher to Settlement.
Many were convinced it would end up lower on the Day and close Negative with $3.3 Trillion in Trade, the
Operators had other ideas. Volumes were out-sized as they were expected to be.
A perfect confusion and delay tactic designed to hose all but those in the know.
Difficulties were arranged well in advance we simply were hostage to the execution of prior plans coordinated on
a Global Scope and Scale,
OpEx caused harm to a great many Traders who had taken the rationale position based upon presebt circumstance.
I anticipated a larger downside move with Divergences reaching extremes into
the Single Digits for a great many Indicators.
Rejected.
Instead, what formed was a Double Bottom Support projection of a second test
with higher Lows with no new extremes.
Two events led to the creation of the Reversal:
Jerome Powell's Press Conference.
China's CCP issuing a Put underneath their Markets.
______________________________________________________________________
China: The CPP issued an initiative to stabilize their financial markets. Vowing to markedly ease regulations, while supporting
property and technology companies and "stimulate" their economy.
The CCP "should" - “actively introduce policies that benefit markets,” according to Vice Premier Liu He, the country’s top economic
official.
A CCP promise ticket to ensure investors' interests after a sell-off in China shares due to fears over growth risks and tough regulation
of real estate and internet companies.
The A50 had declined nearly 24% since December 8th 2021.
Evergrande had been absorbed by the CCP as insolvency became evident to Global Financial Investors as Property Markets in
China was left to fend for itself initially.
______________________________________________________________________
The FOMC issued its pronouncement on FED FUNDS Rate @ 25%.
I was anticipating 50%, believing Bullard would prevail as his forward guidance is most often followed.
Sentiment surrounding the Rate decision was mixed. The Dovish / Hawkish interpretations were in trade.
Regardless, the Global Prop was forged, Central Banks provided the Liquidity to advance Equities higher
and higher into 4X Expiry.
The FOMC's position to cause a "Recession" (Further Depression) was bought, Wall Street used the opportunity
to declare a bottom.
Instability has expanded as a 500 point 90 Minutes is the newer normal.
_______________________________________________________________________
Friday's synthetic Price action was a pure continuation of the Prop. An Algo-driven grind was higher to Settlement.
Many were convinced it would end up lower on the Day and close Negative with $3.3 Trillion in Trade, the
Operators had other ideas. Volumes were out-sized as they were expected to be.
A perfect confusion and delay tactic designed to hose all but those in the know.
Difficulties were arranged well in advance we simply were hostage to the execution of prior plans coordinated on
a Global Scope and Scale,
OpEx caused harm to a great many Traders who had taken the rationale position based upon presebt circumstance.
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