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Symmetry is a guide (not a RULE) and we already made a lower high and then a higher low - trade off support and resistance especially when dealing with leveraged instruments - those demand zones on SPX and QQQ were objective areas with stops below secondary lows.   Turned out to be Money

I suggested a lower risk entry at those DEMAND ZONES  holding above secondary lows to attack those highs - which unfolded on the back of AAPL and Monthly payrolls.

Layed it out the past few days - as long as the secondary low held for SPX and QQQ  market structure says run the recent highs which is what transpired.  Review all posts. 

Weak PMI and Higher Prices on the ISM Non-Mfg - thus a quick pull

USA ISM Non-Manufacturing Prices For

Posted by steve on 3rd of May 2024 at 10:01 am

USA ISM Non-Manufacturing Prices For April 59.2 Vs 55.0 Est.; 53.4 Prior

USA ISM Non-Manufacturing PMI For April 49.4 Vs 52.0 Est.; 51.4 Prior

Held secondary levels  and attacked

SPX 120

Posted by steve on 3rd of May 2024 at 08:53 am

Held secondary levels  and attacked those highs 

10 Y Yields and USD

Posted by steve on 3rd of May 2024 at 08:34 am

10 Y Yields and USD spike down 

VIX smash 

VIX 120

Posted by steve on 3rd of May 2024 at 08:31 am

VIX smash 

Nonfarm Payrolls (Apr) +175K vs

Posted by steve on 3rd of May 2024 at 08:30 am

Nonfarm Payrolls (Apr) +175K vs +238K Est.

USA Average Hourly Earnings (MoM) For April 0.2% Vs 0.3% Est; 0.3% Prior

USA Unemployment Rate For April 3.9% Vs 3.8% Est.; 3.8% Prior

Here's how things look heading

Posted by steve on 3rd of May 2024 at 08:29 am

Here's how things look heading into this morning's jobs report per 

 consensus: High estimate +280k Low estimate +145k Average +234.3k Whisper number (chart) +243.5k

VIX 120

Posted by steve on 3rd of May 2024 at 08:21 am

$VIX - Chart Link - shows remaining gap below 

Nicely done 

Follow up on my US vs China trade

Posted by steve on 2nd of May 2024 at 02:02 pm

Nicely done 

QQQ

Posted by steve on 2nd of May 2024 at 01:58 pm

QQQ - Chart Link - same theme here with the secondary high just above 418

SPX 120

Posted by steve on 2nd of May 2024 at 01:55 pm

$SPX - Chart Link - Bulls are still holding the secondary high 4990 - unless broken they should attack yesterday's high.  AAPL and NFP will be determinant 

Quick Note: Our Water Heater

Posted by steve on 2nd of May 2024 at 10:52 am

Quick Note: Our Water Heater busted overnight so slightly distracted here today.   Wild gyrations so remain prudent - levels and triggers

US INITIAL JOBLESS CLAIMS ACTUAL

Posted by steve on 2nd of May 2024 at 08:33 am

US INITIAL JOBLESS CLAIMS ACTUAL 208K (FORECAST 211K, PREVIOUS 207K

Held support and +35

SPX and QQQ decent bounce

Posted by steve on 2nd of May 2024 at 08:02 am

SPX and QQQ decent bounce once again from demand overnight

It was released this morning - see earlier posts in early am

Have a nice evening all

Posted by steve on 1st of May 2024 at 06:26 pm

Have a nice evening all - away from the Desk with Family tonight 

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