THE SELLOFF WAS CONTAINED

Funny thing about these market profiles, they give you insight into the nature of a move. This move looks big but all the OTF went to lunch and hasn’t come back since. They’re sipping cocked tails on their sailing ships. That can only mean one thing—the algos are in charge.

With no higher time frame at play here, it’s reasonable to expect some retrace to happen. Tomorrow morning carries a lotto kicker in the form of NonFarm payroll. Will it be worse-than-expected? Will that trigger algo program code 236 aka buy and press out rate hike news?

I think it will. I bought a small TESLA $250 lotto call position just in case.  It was about $0.50 cents