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.
Comment
⋅
6AM CT, 1st Short attempt with 25 Stop at 14790
Comment
⋅
Stop hit, Will reload prior or after open
Comment
⋅
7:15AM CT, 2nd attempt at 14830, Short
Comment
⋅
Targe6 on Short is 14765, Stop 14860
Comment
⋅
May want to close out Short near 14800, Open may create too much movement. Look to try again at 2nd or 3rd stall.
Comment
⋅
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.
Comment
⋅
14790 Look Short at No Pass.
Comment
⋅
Watch Pop Head Fake
Comment
⋅
No pass at 14760 goes to 14630
Comment
⋅
If you are using IDS today, needs to on 10 since the PA is so weak.
Comment
⋅
No clear trade at 14740 to 14800, looking like lift to 14800, watch the Drop.
Comment
⋅
NAZ has made 200 or so of 400 daily points. Next move is 200 lower or 200 back up and final trade.
Comment
⋅
If you go Long 14710 is target and Short 14540. I would tilt to Long 1st.
Comment
⋅
14660 is a pivot, may stall here and FNG1 is down 1.5% so we may go back down.
Comment
⋅
14710 may sell off
Comment
⋅
back 60, must hold.
Comment
⋅
No strength NAZ
Comment
⋅
OK 100 up and now 100 down Likely, flat
Comment
⋅
Watch for 80 under 14710
Comment
⋅
NAZ needs another 100, could be long above 14710
Comment
⋅
No pass of 14740 should drop.
Comment
⋅
At bottom of 1st 30M, under is drop and Hold is Lift.
Comment
⋅
Prior lift on No Strength is only concern.
Comment
⋅
Under yesterday high, watch for flip. Stay Long if in.
Comment
⋅
Last roll at 40, then drop or not.
Comment
⋅
More activity below TL
Comment
⋅
Prop on no volume, will bust at some point.
Comment
⋅
Air pocket filled
Comment
⋅
Long trap, NAZ has turned.
Comment
⋅
Next
Trade closed manually
⋅
Impressive bounce. Next week target, they do not want this going anywhere below.
Comment
⋅
Too good to be true? Back at TL.
Comment
⋅
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.
Comment
⋅
Comment
⋅
Circles are Test Spikes, NAZ likely higher until these do not get bought. These 2 were bought quickly.
Thanks for sharing your ideas and commentary here with us and keeping us updated during the sessions. It has been very useful. I would love to better learn how to read your chart, so far I benefit from more from the comments you add - any advise ?
MAZing
⋅
@Ahmed_M_Soliman, Copy IDS from prior post and get familiar. I only use non time based when trading. 30M Chart is for TL's and such. If you follow calls, take profit at targets and use a stop. Thanks for feedback.
bonnenul
⋅
So, next week still short?
MAZing
⋅
@bonnenul, Most likely, the bounce shows the buyers are strong. This will have to fade.
@vineover, Thanks, Usually I am in ballpark. This has been a tough few months.
heavy_assault
⋅
@MAZing, crazy, nasdaq goes to the moon everyday on soaring yields
MAZing
⋅
@heavy_assault, Makes ZERO sense. Let it extended to upside, again. We can then follow it back down and I think the next ones goes well below the recent. Many managers think same and are not buying this pop.