Expecting some push pull to show up in open session after a slight lift in O/N. 11110 may be max lift and not excepting any significant buying in O/N or Open Session. Been noticing some strong lifts only to be followed with stronger selling. Tomorrow could be a 1 way day. Again, we have not seen a limit down O/N session YTD or Bear Market. This is extremely odd and may be around the corner. NAZ is back under channel of 5 Day Forecast.
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Today was an Outside Day Reversal, IDS 50 view
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Push pull is BACK. This is usually sign of selling on the way.
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11082 is KL, Look Long above and Short below. NAZ may rotate above and below by 50-75 points, then break lower to Target 10860.
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Many new followers in past few weeks, you may want to review previous post's to get familiar with trades & set ups. When I call a trade, you will see that I trade from a KL Key Level and trade to a Target. 11082 is a KL, NAZ will most likely head above KL to grab Stops above, stall and then drop. So the Short trade would be from above 11082. Yesterday post did show a 1st move set up to bigger 2nd move. Today is push pull so stops will be taken out and I suggest IDS 50 or high minute charts if you use time based charts. I get the feeling that something big is on the way for the market in the next week (to downside, just a feeling). So use a stop if you go Long.
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Today will be tricky, I can tell from O/N push pull. this will get much worse in Open. 30 minute changes will see big moves in final 1-2 minutes. Do Not go long on peak or short on valley.
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FYI, many times I am 1 day early with the "big move feeling". The counter to suggested big move is OK, you can trade what you feel. I am in no hurry to call Long trades, for now. W forming on 30 minute, these types of signals and such are enough to pull in Long momentum. The riggers will not mind, just anticipate the Snap when it stalls.
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Under 11082, NAZ may test 11043. This would be Bounce or Drop. Over 82 need to let it rotate again.
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This pop is result of W mentioned. Had a feeling the that the opposite would play out prior to Open, hopefully you are waiting on Short. I will let things play out today. Dead Zone will show up movement, stall and push pull will need to show up for short to play out. Otherwise the NAZ will get bought by the late chasers.
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11212 is Top 1st 30M of yesterday and may be resistance.
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Tis looks odd, could go either way.
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Things are upside down so far today, indicators are way off. Air Pocket or I am way off.
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Combo View, back after Open: 11080 Rotate of 50-75 is still the range or MOP.
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Back after Open, NAZ may poke at 78 few times prior to drop. Long could easily play out, mentioned that I am usually early on these.
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Long above 11080 was 1st move, look for drop at stall.
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Just not buying this. Like I said, I am usually early or way off today.
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11220 is target test
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If you make calls, be specific so others can follow if you se something. More eyes are better as we are all after the same goal. Long above 11080 was set up and now the reverse may play out. NAZ produces 500 points a day if you capture major moves. This is why I am never in a hurry. This Top MOP will generate trades up/down until next move.
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Top MOP, 256 to 328. 220 is likely.
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Roller under High. 260 to high failure back to 260, 220 channel will form as buying slows.
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Assuming bigger 2nd move once this stalls out. May happen today or tomorrow. Still under yesterday High. Today high break, target is yesterday high.
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So far channel short to long is good for 100, get ready to reverse at high ticks at failure or take profit. NAZ will need to retest high break from above.
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Push pull needs to show up for strong short play.
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342 and under is Long Trap.
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IDS 50 yellow oval is odd, may see drop here.
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MOP trades until break out. I will be back later. Still not a believer. Big foot is dead.
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Run Forrest Run.
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O/N High is 11220 and Top 1st 30M, long above and short below. NAZ will need to produce and keep gains in Open Session, for the Long side that is what you are looking for.
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Switch to IDS 20 and Scalp the MOP. Break out of MOP will run 100 Plus, we do not know which direction yet.
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One more note, watch the Ticks when the price gets near top/bottom MOP. That is your indicator.
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IDS 50 and 20 light, Peaks match and Ticks change, Trade
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Use a MICR NQ (1-5 contracts) practice with live trades and use Bracket, 30 take profit and 30 stop. The take profit should be 75% of MOP and Stop could be 20 outside of MOP or off entry. Watch for mid MOP tricks/head fakes like here at 11300.
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GE or Good Entry Short is 11310. Here if a short is to play out and be 2nd move, you will see the price move 50 or so points higher, clean out stops and test buyers. This failure will be the Short set up. You will see this over and over and the NAZ will move higher to get lower and reverse of. Here the NAZ is dropping from 11310 with no clean out, this may be a Long set up. Still in MOP and Ticks are -1,000 ish.
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Out of MOP and TICKS are -1400, this is what we planned for and a failure to buy this is the Long Trap.
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If NAZ gets back in MOP, look for Mid MOP drop.
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11220 Test and Ticks are -1,000, where is Bigfoot.
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Oh, there is no such thing as Bigfoot. Just like this fake rally. Use a stop on short as they will flip this.
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A Mop is a Channel nears what I call Good Entry. They mop up stops above and below until the price breaks out. When a break out occurs it is usually good for 100 points or so. This break is good for 50 or so so far or 90 far GE.
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Blue line is Friday close, pick an arrow. 11220 test is key
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Switch back over to IDS 27. 20 is only good in a MOP or channel.
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11110 is lower Target Use stop just above 11220
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Less than 100 out of MOP is Pull back and Not short. So lower Stop as it stall out dropping.
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Bigger 2nd may actually happen here as the Late Chasing buyers are bailing.
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New MOP
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We will MOP Hop until the close, I will be back near close.
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Bouncing at bottom of 2nd MOP and 100 out of upper MOP. 11110, 11082 and 11040 are lower targets should this really fall through.
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Close Short at 11165 or place stop there.
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NAZ may bounce and I am stepping out.
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Play lower MOP until close.
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OK, 11165 is GE for long and this is a clean out, just watch this may play out or go lower with force. I have to leave and I do not keep trades on when out.
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Notice how the NAZ is Flat. That is the Magic that you are playing around. RIGGED.
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11130 Bullish Divergence on IDS 50 is for a lift or bounce. Just retrace and not Long most likely. Only hope for Bulls here and stall would be short entry above GE.
Trade closed manually:
Typical Pop Drop Offset to help offset the sell off. We may be getting closer to the Limit Lower O/N sessions. Smart money is too smart to buy this and retail Joe Lunchbucket keeps getting his face ripped off every time we get a lift. I believe the natural course of leaving the markets alone to reprice is near.
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Rally selling with 10750 next lower
