NQ - 1 Hour / A powerful Breakdown E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! HK_L61 There are 2 Draws here: 1. The preferred Draw is from the Prior 50% Entry into the Trend at the 414 / 418 Level to lows 2. The High to Lows 767 to lows. __________________________________________________ The SMAs are in very poor condition as the 144 SMA is well above on the Hourly TF. MACD is weakening with far Lower Divergences below Indicated. STO/ RSI has Lost Momentum and is attempting to Lose Trend. __________________________________________________ It will rake an immense ALGO Operation during Globex to provide any real hope of a large retracement. It would be to FILL the Entry into the Sell and provide cooling of conditions and Structure for the Next Move Lower. Can they provide the entry on the Primary Draw from 414/418 to Lows at the .382 or .500 - it would appear improbable at best. Perhaps it would be best to complete Flush Downward prior to any retracement. ___________________________________________________ Of concern - the VXN is @ 74.772 The VIX is @ 78.775 Volatility is reaching extremes, but then in market Flash Crashes as we saw in prior Events The Weekly's are well below Peak: @ 61.65% for VXN @ 66.73 for VIX Spot / Cash Prior March 2020 Peaks: @ 87.85 for VXN @ 90.36 for VIX ______________________________________________________ My Gut tells me we visit the 144 Daily SMAs and break them, visit the 377s. Pure Gut, but I happen to believe this continues for 2 to 3 weeks and Santa gives everyone Coal into the FOMC the 14-15 of December. That said, anything is possible, including Jerry and the Kids uttering some BS about some other BS that turns this BS around. We shall see.