This not only confirms the bigger picture of this weekend's post, but the tactical picture of the pre-market update, 3 charts of the IWM...
By the way, if I can get the momentum and profit for the QQQ/IWM 20th weekly puts, I'll take the profit and re-establish them.
From the
Pre-Market update...
"
This means, take some profits on shorts/Puts in early selling, at some point we can ride the bounce long and then ...
ES 60 min VERY negative, we want to sell in to price strength or short.
Sell in to price strength for what should be the big move."
1 min short term IWM action, leading negative in to Friday afternoon... Confirmation on the move down this morning...
The longer 5 min chart not confirming the move down and positive.
The most important 60 min leading negative IWM divergence after nice confirmation of the Price/3C trend, this confirms the quote above from the pre-market update so far as well as the weekend's post on the Yen/$USD currency problem for the market.
Have fun, make some money!
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