MQP PRESENTS - AVERAGE OF EVERYTHING DRAFT 5-2
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HEADER - This is just tighter chart posted at the end of DRAFT 5-1. We will continue from here.
SUMMARY - While I haven't demonstrated the "cross-examination" I spoke up of in notes for DRAFT 5-1, I have completed enough of it on my own time to post this set of boxes running to end of April.
DETAILS - See previous drafts for background.
NOTES 1 - CONTINUING CORRECTION.
a) as stated yesterday, watch out for drawdown to 1935 floor
b) as I type this we tagged 1940 minutes ago
c) so after we reached 2010 early, we also corrected pretty quickly
d) this puts the new floor at 1927-28
e) tactically speaking, if your time frame is long enough...
f) ANYTHING AROUND 1935 IS A DECENT BUY UNLESS YOU HAVE FUTURES OPTIONS
g) in which you can place a bid for a sub 1930 number overnight
SUMMARY - While I haven't demonstrated the "cross-examination" I spoke up of in notes for DRAFT 5-1, I have completed enough of it on my own time to post this set of boxes running to end of April.
DETAILS - See previous drafts for background.
NOTES 1 - CONTINUING CORRECTION.
a) as stated yesterday, watch out for drawdown to 1935 floor
b) as I type this we tagged 1940 minutes ago
c) so after we reached 2010 early, we also corrected pretty quickly
d) this puts the new floor at 1927-28
e) tactically speaking, if your time frame is long enough...
f) ANYTHING AROUND 1935 IS A DECENT BUY UNLESS YOU HAVE FUTURES OPTIONS
g) in which you can place a bid for a sub 1930 number overnight
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NOTES 2 - FOR CHART ABOVE:a) the gray hilight I added because I have reason to "adjust down" for the orange hilight
b) that reason is because of the big box ranging 1930 to 2200 on 5/20 to 6/20
c) why the box?
d) higher, or bigger bar sizes (12H, 1D, 2D) say odds for that box is high
e) but from 90 min bars, it's silly to "find a way to make both ideas make sense"
f) hence I added a gray hilight to "down shift the tail of the forecast" a bit as a warning
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NOTES 3 - QUESTIONS W/ THE CHART ABOVE:a) if you want the details/background of this chart (DRAFT 5-2)...
b) please read 5-1 for that
NOTES 4 - SO ANOTHER SPIKE COMING SOON?
a) so from what I know now, we should get a 65 pt spike STARTING TOMORROW INTO THURSDAY
b) ranging roughly 1930-1995
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NOTES 5 - CROSS-X W/ 6/8 RATIOAnmerkung
a) for chart above: b) we see 384 crossing 768 RIGHT NOW (THIS IS 8-DAY BAR)
c) we see the start of 6144 TURNING UP
d) while not important until late 2025, we see 12288 stretching its last of 8 bands
e) this is just to say that ratio 6/8 agrees with the OVERALL PICTURE OF DRAFT 5 meaning...
f) the run to 2500 by 3/15/2024 is legit
g) now we zoom in
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NOTES 6 - CONTINUING...Anmerkung
a) for chart above:b) I put in 2 arrows
c) that's the spot for 2 major rallies
d) also turning completions for 384 and 768 respectively
e) let's stop here for now
f) I want to look at 11-min bar for 9/8 to find the low of this week
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NOTES 7 - AS OF RIGHT NOW 1:40 PM ET TUESDAY,a) 9/8 ratio say a move to 1880 is possible
b) but 6/8 ratio disagrees pretty hard here
c) it says 1925 should hold for the bounce to 1990 as stated earlier
d) when in doubt, get protection...
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NOTES 8 - WHILE THIS IDEA IS STILL LIVE TO 6/20/23, HERE IS DRAFT 5-3, 15 MIN BARS:
a) for draft above:
b) if you trade very often, 5-3 will be more useful
c) meanwhile, I will continue updates in 5-3
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