NAZ has been nibbling higher for 3 days and stopping at 23,900. Turn Zone above is 24,060, watch O/N Pump/Dump today at Reg Session open. Looking for yellow arrow to play out. Watch the Tweets during the Dead Zone or any Govt issued news (to the Long side). These may be knee jerk head fake longs or stall out set up to the short side. No drop, BTD and FOMO with the crowd.
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Go short under 925 to KL 791 for Scalp Short. Trail it or place stop nearby. Note
The trend is the O/N! The "trend is your friend" saying has been replaced. The O/N is The BOSS, just not sure this can continue much longer without a major reality test (from the Reg Session).
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So far the Post is Dead On, pop to TZ 24,060 and back to nibble zone 23,900. Break lower already, this will break the NAZ's fever so it can function normal again. This may also kill off the Rigger's, Manipulator's, Politician Traders (new breed), carnival characters, noise on stock shows, and many more. Note
Where is Waldo, the Tweeter? No Waldo, stay SHORT.Note
23,870 NAZ is flat, Magic. Trading has become a Casino game. Note
Loading SHORT at TZ with 100 point stop.Note
Short CLOSED as this is TOO Slow for me.Note
9/12 Update, No new post today, taking day off. Anyway, NAZ will drop and drop big SOON. This is the TL that the NAZ needs to get under 1st and stay under. Looking for the break in F-M Long Rig Play today, 2nd signal and 3rd is lower on Monday or Gap Open Lower on Sunday. Good Luck today, the FOMO/BTD with the crowd on no to low volume trade will be short lived at this point as the counter move will take any lift here, then go in the opposite direction. Just watch the 1-3 signals. Go Fed, sell the news next week. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.