Payback Is A Bitch

10:35pm EDT: I just made back everything I burned in the past few weeks of whipsaw:

Who’s your daddy now?

We’ll get a bounce here somewhere – this looks like a great third wave. Will add a few more July puts if we touch 907/908ish.

That’s right – payback is a bitch…

11:00am EDT: The old buck is hanging on thus far – those swirling rumors of its imminent demise have been greatly exaggerated:

Come oooon you bitch – stop teasing us and put out! Remember there’s a three date limit with dirty Mole – time to kinky….

Seriously – this is a bit concerning – we could be building some kind of bear flag/wedge here – I need to see 81 breached and that pronto. I’m not following currencies that closely but last night cable was down pretty hard – it’s time for the buck to pop higher. If you currency rats could chime in here I’d appreciate it.

12:04pm EDT: Guess what – it’s that time of the day again:

Is he trying to talk the tape up? LOL

2:00pm EDT: FYI guys – I’m in the neutral zone now – hedged my December puts with some futures.

2:08pm EDT: I don’t believe that ES sideways action right now – the NQ is pointing higher – I think they are shaking out a few longs. Staying hedged for now – awaiting further instructions… We are not even above the lower VWAP 2.0 standard deviation line yet – if we bounce here that would be the death knell to the bulls and they know it.

2:22pm EDT: A quick look at the ES hummingbird chart:

I’ve been long for a little while – this looks like it could actually confirm in a few ticks. My preliminary target is 897 on the ES.

2:30pm EDT: I just closed my hedge b/e again – this thing doesn’t seem to get out of the gate – the short term stochs and MACD are way overbought already. Not looking good for the bulls.