Changing my tune, I have seen enough. This chart will show (thick yellow) Overnight Propping that follows a big down day. The attached chart show the circles that are the same. You can see this over and over if yo go back and look at intraday charts (highlight out overnight). Today's play and every play until further notice is, "Buy The Dip". If you miss it in the Open just wait until the Overnight and catch it there. The probability and percentages are heavily in your favor. I will continue to call and post Pull Backs to support for Short trades. Instead of closing the Shorts, I would REC reversing the Short.
Key Levels: 16400 Upper / 16200 Lower
Key Levels: 16400 Upper / 16200 Lower
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Upper target today is 16530, the white dash line is the ATH and we may get there by EOW. "Buy the Dip"
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Mid Level of range is 16290. FIB level at 16288 & Support TL at 300. Before or during 1st 30M, look for NAZ to approach and bounce off this level.
NOTE: The other (new strategy) Buy all dips above this level with stop just below. Keep in mind the NAZ usually goes sideway do down after a big Prop (no strength) in Open. Many times most or all of day gains come from Overnight ONLY. Today may be different since we are near a lower level (of trend) and 1st day of new month. NAZ should rally today.
NOTE: The other (new strategy) Buy all dips above this level with stop just below. Keep in mind the NAZ usually goes sideway do down after a big Prop (no strength) in Open. Many times most or all of day gains come from Overnight ONLY. Today may be different since we are near a lower level (of trend) and 1st day of new month. NAZ should rally today.
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All 4 Update, looking good for 4 Index Pop/Rally. This is not a coincident:
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7AM CT, slight divergence on NAZ, looking for Drop & Pop today to start it out. Strong support at FIB at 16360. NAZ may get as low as 16300 -20. May see range play between the High and 16300 for the morning with mid morning Pop after EU close and smart money switches off.
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Open Sell Off, as usual. NAZ has no strength in Open. Play the range 16300 to 16400.
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Should NAZ drop below 16280 it will go to 16140 in a flash. They will NOT let this happen.
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May see another Hit/test at 18280 level.
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Strange this is that the 10YN is way down and nothing on NAZ, this is very odd. It may get in line today should 10YN stay down or decline.
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Under 16400, watch head fake Long.
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16471, the 16530. Should lift continue.
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Pull Back Support at 16350. Could be bounce target should NAZ stall out.
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16456 is yesterday high and NAZ will try to hit, look Short Under.
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In other words, as it approaches and fails, you could initiate a Short with close Stop.
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Stepping away, 40 point range for awhile 16380 to 16420.
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As you can see, we have NO Gains from Open, Only Overnight. The Overnight Prop is what makes things difficult. I am going Short at 16415 or under. Do Not Follow, higher risk.
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Covering Short at 16350
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Wow, Long trap. FB is off 1%. Something is cooking.
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Don't worry, you can gp Long in Overnight and get it back if you gave some up.
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16400 level has more sellers than buyer, view VPVR indicator. NAZ may not get through, FYI.
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Strong Short under 16365 Target 16200 lower KL.
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VPVR 30M, Volume at Price
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Today is narrow day (Open), finally we may see some good 2 way later today or tomorrow, thinking Drop Test to confirm these levels.
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Near 16280 expect a bounce or above 16280 expect a bounce Up. Shorting to 16280 is 1st target.
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Long at 16340 to 80
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Add at 30 Long to 80.
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Final push to grab stops, Keep adding above 16300, put stop below 16280.
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If you got stopped, Look to renter. They will keep NAZ near or above 16300, Mid Morning PA is for the Riggers. Prop opportunity until heavy PA takes place in a few hours.
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Should bounce off lower KL
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This is the pattern, should it not pop here, it will in the Overnight. Just Go Long all the way. NAZ should go back to 16300 level.
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Long Target 16331, about where we go it on original.
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Been buying to offset loss on shorts.
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Sorry for bailing, just keep buying.
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Like I said 16140 in a flash. Good news is that this is now checked off for future run up.
Trade closed manually:
OK lets se the Overnight Propping take over.
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Great day for Price Action. Back to normal with POV. The Overnight Propping was used to offset the drop. I mention this from time to time and kind of expected a down day. If the Riggers do it again tonight, I would be impressed/shocked.
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Now we are talking, I am not a Buy the Dipper and they are running scared.
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If you are trading tonight, Long above 15980 is best, below look short. At 15650, look Long again. 16040 is upper pivot.