MQP IVOR #001-6 TWISTED MOMENTUM CHANNEL CHEAT SHEET
SUMMARY - The delay this past week is twisting the momentum channel that engages Tues 12/14 (PPI). Wed 12/15 is FOMC.
DETAILS - I'm long, massively long, and even more long than last week. The caveat here is that 2 red boxes are tactical exits for longs and 2 blue boxes are strong re-entries for 02/18 high. In context of a twisting momentum channel, we won't get a massive 12/31-01-04 high, BUT THE 02/18 high circa 2100+s stay exactly the same. If first red box hits on 12/17 Friday or 12/19 Sunday (international market), then I will update 12/24-25 weekend.
DETAILS - I'm long, massively long, and even more long than last week. The caveat here is that 2 red boxes are tactical exits for longs and 2 blue boxes are strong re-entries for 02/18 high. In context of a twisting momentum channel, we won't get a massive 12/31-01-04 high, BUT THE 02/18 high circa 2100+s stay exactly the same. If first red box hits on 12/17 Friday or 12/19 Sunday (international market), then I will update 12/24-25 weekend.
Note
2.30 PM ET 12.14 THERE IS 1 SMALL SHIFT IN THE CURVES, BUT JUST GET LONG NOW IF U HAVENT.Note
10:50 AM ET 12.16 THE NEW LOW DURING FOMC SHIFTED THE CURVES A BIT MORE. TOP AROUND 1808 FOR TODAY. SHOULD SIDEWAY TOUCHING 1783 BY NEXT TUESDAY BEFORE MOVE TO 1840S/1860'S BY 12/24-12/27. WILL POST UPDATE CURVES OVER THE WEEKEND.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.