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7 Mar, YMH1, (3, -1) basis Stretch achieved


Howdy,
Interesting YMH1 price rotations: Stretch =36=X, 1.618%X=58, 2.618X=94, and 4.25%X = 153. Previous settlement, 12154 + .66 of today's Stretch = 12154 + 22 = 12176, 1st high=12178) ... (just an fyi ... 12178-58=12120 = 12178 - 1.618%X = 12120). Unchanged=12154
12154 - 36 = 12154 - X = 12118 (1st low= 12103).That's -1 of (3, -1). Then 12118 + 36+36+36 = 12226 ) high = 12232. That's 3 of (3, -1). (3, -1) satisfied.

The high, 12232, corrected back to the first high, 12178, and declined two points under the low, i.e., .......
12178 - 4.25%X = 12178 - 153 = 12025. (Low: 12027). From the low, YMH1 prices rallied 90 points (2.618%X = 94) to 12117, and reversed 46 points to 12071.

Today, 7 March, YMH1 futures settled at 12078 -76.

I faded the first move down, getting long at 12120 and offset that YMH1 long:
Offset YMH1 long 12120 at 12228. At 12228 (07:02PST) +108 pts x $5 = +$540 per contract +80% basis $670 intra-day margin. (12120 entry: rational -1.618% of Stretch from high ... 12178 - 55 = 12120).

That's good for a hug and a kiss from the little Mrs.