When you see off session lifts/rallies and not much in Open Session, look Short. These tricks have been working all year and is why the NAZ is only -25 and not -50%. This one is most likely to offset the QT hit that will show up this month. Below is Divergence on IDS 50 and yesterday signal that matches my comments in yesterday's post. I am a bit surprised with how far this one has been pushed up. No signal yet on Short.
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Minor Pull Back Signal with Retest
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BTW Sep Contract and NQ1 are 80 points off. You will need to adjust or move to Dec Contract. I will not move until next week.
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Yellow Lines above are Channel developing. 12437 may bounce back up and Pull Back will develop into Long to day High fro retest.
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Back later, you know the drill. Drop near or after open with DZ rally, stall retest lower and toss up with close.
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Earlier Minor Signal did produce the Pullback Short and set for Long at 37 retest. Signal, Retest Trade and looking for Adds or reverse. I did mention the 37 Long with Minor Signal. Good Entry Short is 12481 and Riggers will take NAZ 50 or so higher from GE before that may happen.
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Starting to Roll
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Target 12481
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Back to 25.
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25 to 70 is range and Mop.
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NAZ will Fly out of Mop Zone, 12470 is test on Lower.
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Big Divergence on IDS 50.
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Divergence drop. Double Top.
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Longs are slow and steady and drops are quick. Battle will continue with advantage to Bulls.
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Retesting Long at 30 ish
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Long here 1st not short.
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NAZ may travel out of Mop Zone some and Snap Back. Ticks are turning 25 is KL. Leave 30 point around.
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Trail up, it will come back.
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Triple Top. Close Long.
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Top Target is hit.
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Breaking out, Long close was early sorry.
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For now Long above triple top and Short on failed retest from below.
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Running out of buyers, may see drop test.
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Shorts are getting killed. Then this will snap some.
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Snap or Pop. Still few hours of Drive. High positive Ticks all day. Yesterday was an Pop test Pop. Only concern was the Run at close and O/N lift. Believe we retest today or next few days. That test will need to be a quick pop in order to confirm this. Half of this was O/N.
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Shorting for 20-30.
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Stop at 12610
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Stop at 12600 Buy In. Going for 12565
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1 Way NAZ. Hard to beat.
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Mop on top of Mop.
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Will and lower stop.
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Retesting Triple from below.
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No pass of triple, this will drop.
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Stop at 12585
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Head Fake here at 12580, tricky stuff. Retesting 64
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Have Long set up now.
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On these you can close short with 2 buys and get the up pop. I am out on Short.
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Drop Pops all day long, 1 way NAZ is hard to beat. It just never turns.
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Long Trap move on IDS 27? may get interesting.
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I should of seen this, Sorry.
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May see 12520 test here. Still in Upper Mop Zone. Rejected twice at 12600, wait for another.
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More like it, Either way a LONG anywhere in here is most likely safe.
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12591 is KL, watch the price here and retests.
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When using IDS notice the steepness of the White and Red dots (sweet spots). The stronger trend will be that of the less flat color. Today the Reds are flat, even though the Selling PA was quick, the Buy side had more action and force. You can also count the dots per color (not literally).
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IDS is showing a Short on NAZ. Or development of. NOT a Call. The Close is Random.
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IDS was showing lower and Multiple tests at KL 91 did hold. This is the Randomness of the Close. This is a flat final 45 minutes and we may see a big move in final few minutes.
Trade closed: target reached:
Signals, the Close was weak. Only play was to take 5 - 10 Long trades from KL 91 for 10 points. Not my style.