Matt, Do you feel this is the end of wave 3 today?

I like these trades - keep them coming

Been trading 45 years. Truer words never been spoken "One thing I always have to be mindful of is being married to my desired outcome".

Really, Congress doing a heck of a job negating QT past six months, LOL.

Numbers look pretty recessionary except for labor - https://screenrec.com/share/DasGMupOmk

Matt, Unless things change we're going to be all over that lower TL you showed on 60min chart. Futures down 43 pts.

You're right, maybe just a light smack. You must have different charts than me. But it was  already down 60 pts in past week. Personally I didn't think numbers that bad at all. 

Option premiums were big. IV was +/- almost a 16 point move for tomorrow. I kept playing with scenarios and could never find anything that worked.

COST getting whacked - 10pts

So if this is Wave 3, any target on it?

Thanks Matt

WOW, that's huge for it. I trade it a lot. Wonder why, everybody quit eating for a month, lol.

Gold blew right thru MA's - Have a pretty good ATR at 1813 but dollar real weak. TNX down at 35.89

Chart showing if you get a chance would be greatly appreciated. 

yes, quick 6 points, Thanks - stopped at +9 Short and sweet

ES at one of your 4103 levels now and has backed right off

Numbers this morning - https://screenrec.com/share/K9AkSVMWeR

Gold Futures - For what it's worth gold entering into a fairly strong resistance area with the 200ma  on daily charts at 1802 and even more importantly the 50ma on weekly is sitting at 1808. Historically gold plays fairly well with the MA's.

Both Oil and Gold decent bounces off lows this morning

This from Barchart - Losses in arabica accelerated Thursday after the Brazilian real (^USDBRL) tumbled to a 10-month low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers.