BA5 chatter may be the next excuse for a drop. Not much strength on recent lift, 12200 & 12400 upper resistance should NAZ get there. Expect Overnight Prop and then Open sell off.
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Vertical Overnight Prop, yellow arrow is 1st move and white is 2nd range.
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Fade current or Buy the drop that holds for Pop or both.
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Should see stalling, falling & fading in the Box, No strength NAZ will show up near Open.
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Scalp day at Top and Way down or up depending. Play the box 1st.
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12050 test is likely and 1st Strong Buy for Pop to prior Top test.
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12145, Short Under.
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1st Major move today should be lower after Stall Pop near High.
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No Strength NAZ will show up, once the stall happens 2 or so times.
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12150 Short, BA BYE, Long Trapped BTD's are locked in and ready for the Ride Lower. 1 way day so let it go.
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Low got to 091, not 050. Strong Long May play out. Staying Short as strength is weak. and most gains recently are from off session low volume PA.
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Pretty Sure that the NAZ will head lower and stay, No Strength recently and the Rigging does not usually work well during the Open Session. Watch the head fakes today and use a stop on the Short.
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Look at position of FAANG stocks YTD, AAPL is only one that has lifted off bottom. The others and FNG1 are still lower and near bottom. Just not feeling a strong Bull case hear or just yet.
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adding 2nd short at 12135
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Adding 3rd at 130
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Stepping away, stops 100 up from entry.
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adding 4th at 12160
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Rising on negative Ticks, no normal.
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Adding 5th at 12180
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1st target 125.
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Box Trap
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Dropping 4 Shorts Covering at 12109
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Box Bounce may be next
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12000 is target lower, out of BOX, NOW
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Like I said, Ba Bye during during Open. Riggers do not have that kind of power.
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5 Long at 11910
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Stop at 11875
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Out & back on stop at 850
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Overnight will Prop it back up.
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957 is target.
Trade closed manually:
Keeping 5 Long with 875 stop
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NAZ Mid Box, Long to 975, close and look to Short.
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Closing Longs at 116, Flat