Extended the neckline  of the IHS from earlier in the week. Good spot to monitor. 

You're welcome. I'm glad they played out and helped the community. 

Update: POW.. Another 100 points played out so far. Love it when a plan comes together. 

NQ 5 min. Another possible  bear flag look ABC off the lows. Could give another 100 if it plays out. Monitoring. 

Update: Very nice 100 point drop now from that short. 

NQ 1 min.  Sold my long and took a short with a stop. ABC move up off the drop so far. 

Update: Great pop and now back tested the neckline break. Good spot to take another long or great spot to watch if it breaks back below and go short. 

Update: Almost 200 points off the right shoulder low so far. Nice move.  Nice break through the 15800 neck line thus far. 

Nq trying to work through that supply zone 14750/14800 area 

Update: nearing the neckline area. See how it reacts at 14800. Looks like a nice right shoulder bounce so far. 

Possible IHS on NQ 1hr chart. From the head measures up to around 15000. If it plays out. 

YES!!

Nope. Lol

Nq 5 min Bear flag. 

Thanks Steve! This is extremely helpful. Your red mapping lines up exactly where my nq target for the IHS I posted earlier,  would extend to as well. 15100-15150 area. 

Thank you. 

Steve. In the newsletter you said you look for this rally up to be sold.   But if the triangle is still valid, would you be more bullish on a rally back to the underside or would it be a better objective short at that area? Or do you have a target area the rally could fizzle first? As always, thanks for your analysis. 

Nq 15 update: several tries to get over my trend line/neckline of right shoulder here. See if it can break and build above. 

Nq 15 min. Kinda like a slanted inverse head shoulder look here. From the head would measure up to 15150. Ways to go if it wants to play out. 

10 yr yield gap and go all day. Kinda flagging out on the 15 min. It’s been resilient. Could pop again of course. Geez.