Surprise 9.0

9:41am EDT: Motherplucker!! The equities market has devolved into one massive drive by shooting game. The insiders are using tax payer funds to run raids on hapless small spec rats like us. You just can’t hold beyond the close anymore. We are ALL daytraders now – frustrating…. Alright, let me take my tinfoil party hat off…

Here are the hourly short RLs for you rats – perhaps they can be useful.

Wave count has come as far as it can – seems like Soylent Green is on the menu unless this shit turns pretty much now. I’m not going to play the short side until we are MASSIVELY overbought. And even then I probably scale out on the way down to protect profts – which will ITM options to capture as much coin as possible at the start. OR it means some exotic spread strategies and I’ll be discussing this with Fujisan a bit further and report back. We have to change our game rats – this market is impossible to trade. I only had a tiny handful of puts left in the game, so it’s not the money – this shit is pissing me off, that’s all.

10:11am EDT: I shorted the ES at 921 and the NQ at 1418. Let’s see what happens…

10:17am EDT: The Dollar has reached terminal velocity – it might hit the concrete around 80.

Boy, am I glad I didn’t take that GLD trade…

10:40am EDT: Just to give you rats a heads up – if we continue downwards I’ll probably take profits around the VWAP – which is 918.75 in the ES and 1412.15 in the NQ.

10:46am EDT: I must be NUTS going short those futures. NDX breadth ratio right now is – wait for it – 22.75:1 advancing – SPX is 5.8:1 advancing issues. Those NDX numbers are completely nuts and quite frankly – scare me. Not sure how much validity Soylent blue still has. Theoretically it’s still a possibility unless the prior high is breached but – brother – odds are not looking good at all.

10:54am EDT: I don’t like this sideways consolidation here at all – not a bit. We are burning a lot of short term MACD/stochs without giving up much in price. If I don’t see selling kick in any time soon I’m out.

11:01am EDT: I really don’t like the blatant discrepancy in selling pressure between the NQ and the ES:

As you can see the ES is dropping and is now at VWAP while the NQ is consolidating sideways. Not looking good – and I’m close to cutting my NQs as well.

11:08am EDT: We might just drop through that ES VWAP – still holding my NQs and with some luck it’ll touch its own at 1413.25.

11:14am EDT: Okay, this is not going anywhere – I’m out – going to grab some breakfast.