I said last week that the market would mean-revert, go to 1.1610, then 1.157x. This all played out on Friday afternoon.

I don’t use a whole lot of moving averages, and I generally acknowledge the 9-day EMA as the mean (414 HL2 EMA on 30 min), but I do follow another one, the 712 SMA, quasi as my secondary mean.

The market started trending on Thursday, so currently there is an End-Of-Wave sequence being printed. There has been only the first snake ladder, so that means 2 more lower lows for sure, and there has to be another snake ladder to confirm the next lower low before the squirt print on the downside.

Now, I plotted a 15 SMA smoothed on the daily to give a better idea of where the low-risk fade could start.

Although the RSI2 shows an optimal read for a turn, you normally need 4 purple prints on the CounterForce52, so this is early days.

There are high-volume prints to be swept at 1.1565 and 1.1541.

Currently, I would sell anything above the E-44 on the 30-minute.

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The San Miguel Castle Show in Tenerife is an excuse to post some Medieval J-Lo, but since no one is going to click on that, here’s some even more creative stuff.