Easy call for New Month & Quarter, White Line: Long above and Short below. Arrow points are targets for either. May see a decent Overnight Drop for a change, turning into an All American Pop Rally for the Holiday (mid to late day). The downside did weaken some today. White line pass/fail is the key.
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11588 is test and other is TL.
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NAZ is literally in the middle of todays range. This is a No Trade Zone, 1st move is usually the wrong move. I am just getting that Prop Magical Holiday feeling, lets see.
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NAZ did retest close to 340 or white line on chart. Still in a basic range and most likley will now head toward upper white line at 11588, needs to pass 480, then 520.
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The Overnight range is exactly within yesterdays Open Range 1st 30M, so far. Look for a Top test, pass/fail and so on until break out.
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Big Box Update
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Circle is barrier and white arrow is inside range to next test.
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Next Trade is Pull back to 11440, Long to 520, 588 test.
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Yesterday's post Long Trade (fake rally) was a Pop/Drop set up to what I believe is ultimate move from the original point.
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Stop at 520, expected will try a few move to get to 588, no it will drop to 440.
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Stepping away until Open Range, just not feeling the strong downside past 2 days. Almost like a long Mop play.
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Drop to 11447, place Long with 30 point stop. Let it run for 50-100.
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Today, block the noise and stay with the pattern of flow. If you get stopped, reload the whipsaw action will be decent/distracting. I do not see a big move until the NAZ breaks out of range mentioned. Stepping away until after Open.
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429 was low and 440 trade did run to 50, no pass at 520. Still in barrier, need to get passed Open jigsaw.
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Hard to guess on this next move 400 is in play for drop test bounce, 520 is 1st challenge. Still feeling up as 1st move so watch the drop (yep, that is the correct way to play this).
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Long at 480
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add to long at 425
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place at 390
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can add 3rd and drop as they climb.
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480, 520 and 588
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drop 1 at 00
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Move up stop.
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no pass 520 close all. Still going up.
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closing 1 more here as it may come back down. 11580
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Stepping away, NAZ is still inside yesterday Open Ronge 1st 30M, not good for the long side.
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Closing last. Flat.
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Going to get strange, careful from here and upside is in favor. Stepping away.
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Careful on Long side, looks like slight rally selling and this could speed up.
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IDS is picking up these moves, see attached
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So far holding true, NAZ staying under White Line. Hopefully you shorted from that point. I did not, missed it.
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Long at 11450, with 50 point stop. Let it run.
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Mentioned yesterday, Late Day Runner (All American Holiday).
Trade closed manually:
When trading you have to just do it, any second guess or doubt and you are dead. Use a Stop. Over time the mental doubt will cause more mental/financial pain than any financial temporary trade loss. Heading out and have a Great Holiday.
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Run Forest Run
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Expected, Low Volume Prop Offset. Most likely through Monday and into Tuesday Open. This has been the pattern, sneaky.
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Circle bullish and white line PB level.
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Lets see, Move stop below white line.
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Stuck at level.
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NAZ will not get to 880 (Yellow arrow), 680 or 780 depending on final 5 minute PA. Watch the Fireworks. Algo's are in drive mode and will not change (no enough time).
Little pull backs are getting bought.
Little pull backs are getting bought.
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Closing Long here, we are only at this mornings high and some stalling. I may be wrong.