CBond

CBond Updated 

Looking at some new potential bearish setups that could be possible soon. The Primary Blue line may be back in play soon.....which is a very heavy line of resistance. For now we are riding on the secondary Blue Line of support....and may see an AB=CD pattern play out over the coming week or 2. From here up....I will be back to taking core shorts at the Higher...

CBond

After 8 long days of consolidation....we are finally seeing the movement we need to get down to that B-point in the 400's. Letting off 25% of the position here in the mid 500's....will manage as needed from here. Congrats to anyone who endured and maintained patience through the past few days. ;)

CBond Updated 

Consolidations are just that.....the index or whatever security or future you may be actively trading catching its breath before either completing a pattern...or changing to a new trend/pattern. Consolidations are meant to cause doubt, and shake out weak hands or make those without patience make rash judgments and mistakes. They are usually just noise and static....

CBond Updated 

Updated from yesterday.....Bearish Gartley or Bearish bat....no matter how you slice it....from here to the Blue Line....core shorts/scalp longs is the strategy I'm holding to until we see a retracement back to the B Point or she shows me signs of that failing.

CBond Updated 

Pretty clear the bearish harmonic we have now formed that should be ending soon.....from here to the 800's. I would be surprised if it made it all the way back to the primary blue line....however that is where a very HP short probability would be. The way I see it ....anywhere from here to there is fair game. Core shorts and closing longs till the turn.

CBond

For now....we seem to be in a little bit of Limbo. Didnt quite reach that 61.8 and heavy volume node around 500 yet.....but also we have not retested the support of the current uptrend to show any sign of weakness. I'm holding off on any major positions until she gives us some better clarity.

CBond Updated 

If this ABCD plays out in this manner on the Hourly....the D Leg will put us around the 12800 level. Lots of things to watch for here.....mainly the fact it is the concrete floor support of the over Year-Long primary uptrend channel. We either turn at or around here.....or we burn hard down to 12k or below possibly. IF we hit it and maintain support there.....im...

CBond Updated 

Lots of different ways to plot out a harmonic in different forms on the current D leg that happened yesterday.....however Im going to watch for this simple ABCD or AB=CD completion. We are getting close to the heavy support Line (in white) of the long term channel. That is the concrete floor. I want to take jabs at longs until she runs ....with a core short...

CBond Updated 

Yesterday we were watching for 1 of 2 things.,...either a heavy break at the 13400 support level down to the 61.8 around 13200, or a heavy D Leg completion of the Bullish Harmonic that was in the making. We got our bullish D Leg with a nice rally at the last part of the day. Im expecting some consolidation....but intraday PT from the longs at the lows yesterday...

CBond

We have the potential of a D-Leg completing for a Bullish Bat....today will confirm if that is the case....with a nice run up to at least the B Point or higher.....or if it fails and continues further down. I dont consider the Blue Line being a full on break until we go below 700 and stay there. If that occurs....I will be looking for HEAVY support in the 600-500...

CBond Updated 

Will continue to take Blue Line entries as they are offered.....always long....until it shows weakness as support. Rinse and repeat until proven otherwise. Pretty simple trading the past few days for sure. Very Clear patterns playing out.

CBond Updated 

So as we were watching for yesterday ...the ST break did better than expected. It actually broke down for an awesome entry point thru the day under 900....but also broke through the top to head on up to our fib levels. As we can see....there is an ascending triangle top that once we break and clear it....our target range for the longs should be reached pretty...

CBond Updated 

Really hoping this ST breaks substantially today.....especially after the Economic Reports/Fed meeting and further EPS today. If it breaks down.....I'll be looking for our big Blue Line to take a substantial long on the intraday account for a multiday play. It it breaks up.....Id like to see it hit at or above that 141 fib. Either way....no move will go un-capitalized. ;)

CBond Updated 

We have been tracking this since the X-A point was made early March 2021. Looking at the 14500-15k area for a High Probability short to load up the wagon. I do expect some chop till then....but sticking to this one until she proves us otherwise. Currently still holding a Long 25% position from 12725 entry. Took off 25% at most recent ATH with this set left to run to 14500+

CBond Updated 

We took an intraday play this AM under 13900....just for an expected run to around 14100-14150. Wasn't sure how the movement would play out...but overall it was a "Fire and Forget" kind of day. A perfect Monday IMO. Looks like she's going to complete an AB=CD....Im setting the final PT around 075-100 for the intraday run. Stops set at 13975 and trailing from...