Not feeling the recent strength of the NAZ, something is off. Short near/under 14790, even if NAZ tries higher and comes back down (key level). Will update as we go.
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6AM CT, 1st Short attempt with 25 Stop at 14790
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Stop hit, Will reload prior or after open
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7:15AM CT, 2nd attempt at 14830, Short
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Targe6 on Short is 14765, Stop 14860
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May want to close out Short near 14800, Open may create too much movement. Look to try again at 2nd or 3rd stall.
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Good sign for the ones that took the 2nd Short. Typical Overnight Prop to offset any drop at/near Open. Look for Lift/Stall/Drop.
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14790 Look Short at No Pass.
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Watch Pop Head Fake
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No pass at 14760 goes to 14630
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If you are using IDS today, needs to on 10 since the PA is so weak.
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No clear trade at 14740 to 14800, looking like lift to 14800, watch the Drop.
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NAZ has made 200 or so of 400 daily points. Next move is 200 lower or 200 back up and final trade.
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If you go Long 14710 is target and Short 14540. I would tilt to Long 1st.
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14660 is a pivot, may stall here and FNG1 is down 1.5% so we may go back down.
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14710 may sell off
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back 60, must hold.
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No strength NAZ
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OK 100 up and now 100 down Likely, flat
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Watch for 80 under 14710
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NAZ needs another 100, could be long above 14710
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No pass of 14740 should drop.
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At bottom of 1st 30M, under is drop and Hold is Lift.
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Prior lift on No Strength is only concern.
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Under yesterday high, watch for flip. Stay Long if in.
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Last roll at 40, then drop or not.
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More activity below TL
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Prop on no volume, will bust at some point.
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Air pocket filled
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Long trap, NAZ has turned.
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Next
Trade closed manually:
Impressive bounce. Next week target, they do not want this going anywhere below.
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Too good to be true? Back at TL.
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For those using IDS, add Stochastic 100, 15, 10. The Long trades are almost always at mid or lower when good entry exists. The trade will usually run up at leat 20 points or more. The pullback is always then than 30 points. Set Take profit at 20 or 30, this usually happens prior to any PB.
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Circles are Test Spikes, NAZ likely higher until these do not get bought. These 2 were bought quickly.
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4HR view
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Short signals, prior to recent Pop.