Thursday’s trade did somewhat clear up the very near term picture and labeling – more so in the NQ. Both the ES and NQ headed higher on Thursday as minute “C” waves kicked into gear. I have updated the labeling in the NQ to reflect the move and also made some adjustments to the labeling for the ES. I review today’s action in TSLA, which again continues to hold the NQ and ES in bondage to its gyrations in both directions. The liquidity at the moment in the stock is akin to Niagara Falls in full flow with over 200 million shares trading again today. The options open interest that expires tomorrow highly favors another day of very large volume.
I also spend a few minutes discussing “Mindset” upsets when the best laid plans don’t work out. I hope you hang out since it is included at the end of the update.
I also would like to thank all subscribers and visitors who have passed through my updates and in particular to those that have left their own counts and thoughts. It has been a great discussion – one that I hope continues into 2023.
Here’s to a Safe and Happy New Year!!