NQ - 1 Hour E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! HK_L61 Anticipated 3.4 to 3.6% Decline for 1/5 Trend Reversal. ~3.9% was the 16767 to 16118. 16418 Extension traded perfectly on Micros for Fill into SELL. _________________________________________________ Frankly, Was looking forward to a retest of 15897 to 15787. As it remains open and Valid. Tomorrow will be interesting with Powell's 2nd Appointment. Clearly, the Bond Markets revolted on Biden's Motivational Speech while Powell snacked on his Croissant. __________________________________________________ Lael or Jerry didn't matter - for the sake of Confidence in continuing the Grift - the Latter is Adept. ___________________________________________________ Lets' see if we get a retracement back up to the Ledge and how 3 PM EST Responds. IF Price has the Potential to revisit the 332 to 435 Ledge at some point in the near future, barring a complete dislocation in the Bond Market. The Target for TNX is 1.716 for now... if it goes vertical, look out below for Equity Complex. The Panic Sell over 1.645 remains open on Higher. ____________________________________________________ Price has Traded out to Perfection at present. Back to the fish @ Compass Cay. Gorgeous here, No dirty Monkeys. Cuba Libres will have to do.