NAZ avoids Danger Zone, again with huge pre Open rally. BTD will be the play for balance of month and most likely year. The play book has not changed all year. The rigging will be back in O/N and drops will be bought quickly. The Long only investment product world will push things higher and higher. Use IDS and follow the trend, take out your feelings or emotion. Get it while you can and take advantage of the easy price action.
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KL Chart. NAZ has moved 1,000 points in less than 1 day. Major Danger Zone avoidance. So was this because of how good things are or the need to push the NAZ away from the Edge as much as possible. The 1,000 in a day is the only funky part of this. I would not question if this was over 2 or 3 days, but 1 is fishy. Follow today and Monday, do not lead. Expect a major, major Prop into Monday Open regardless of how today closes.
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11738 is KL for now. Look for test and drop below to 11650 should it not pass KL.
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IDS 50 showing KL and lower Target. This is 1st Drop/Pop or Stall/Drop prior to Open.
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11970 Scalp to top channel on IDS 20, NAZ may try for 750 prior to bounce back to 740.
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11670 TYPO
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11740 Retest Underway
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670 got to 720, needs to hit 740
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Seeing some Push Pull so far. May see a drop today.
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Drop near POC is trying to break 740
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Once again, NAZ inside O/N High.
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IDS 20 is working well
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740 stall is a short.
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Pass 740 going to 950
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KL's 740, 650 and POC 526 and 950
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Drop/Pop BTD play so far.
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690 test to pop should NAZ stall or pull back.
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Still inside O/N Range, needs to pass.
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YEP 690
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Sideways to sneak high during Dead Zone.
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Cleaning out stops and may try for high after, 690 0r 650 range.
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MOP POP looking like here, stall and drop.
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719 is TLX, good support
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11780 no pass is short to 740 or 20. I will be back.
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Also, Push pull is showing up more so expect a quick drop or drop test.
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780 800 may be Long Trap as bottom keeps falling out.
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MOP Pop Stall Drop, let it run some
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See how it went close to 690, may need to hit that.
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Bingo, expect lift or good drop here.
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O/N prop once again is ONLY lift. Yesterday pre open 1 minute 500 run may be challenged should the Open NOT produce gains.
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RIGGED
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Strange Signal, last time the NAZ ran 200 points
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Late Friday Prop Sneak Run may be in the works here. Add some Sunday to Monday and pretty much how it has been working. Anyway, we still have zero gains during an Open Session. We do not even need the NYSE, nothing hardly happens after the bell.
Trade closed manually:
I am out for the day. One way to trade this as it may continue for the balance of the year is to use multiple contracts on every dip and hold until stall. I was scalping that way today. Go Long in O/N and low volume session times.
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The circle is the level when the Signal was like yesterday and the NAZ ran 200 points. The run was 3 hours, The drop was less points but much of the 3 hour run, in only 20 minutes. The reason that traders sometimes freeze is because they can not wait hours to get what the can in minutes. This is where the mindset will help you miss trades. The Short trade is preferred and is the most efficient, need to change that view over next few weeks.
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4HR Fib level near 12000