NAZ near Box Top and getting some Magic Dust at 3AM CT. The new QE is right on cue, Prop it in the off hours. Going with Range as I do not think this will hold after the Open. Tech/Growth may struggle today.
Upper Key Level 14194 / Lower KL 14094. Break under Upper will target Lower. White Arrow is volume gap that is an easy lift zone should the NAZ get there. Rally selling today is likely. On the flip side, we are getting close the "Buy in May". For past 10 years the Sell in May has been the opposite. That may fit well with off hours, low volume (Summer) type price action that tends to move to the upside. Asia was mixed and EU is up.
Upper Key Level 14194 / Lower KL 14094. Break under Upper will target Lower. White Arrow is volume gap that is an easy lift zone should the NAZ get there. Rally selling today is likely. On the flip side, we are getting close the "Buy in May". For past 10 years the Sell in May has been the opposite. That may fit well with off hours, low volume (Summer) type price action that tends to move to the upside. Asia was mixed and EU is up.
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On Short, NAZ may try for 14242. One tick higher than yesterday high, the drop for lower for a test bounce, failure on bounce is what I expect.
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Watch for Stalling if you plan to Short, Need to see retesting. Overnight PA is not the same as Open. Sell off likely after Open.
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14312 is White line, NAZ may stall and Reverse at level.
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Pass of 14312 will try for 14360. Though today is that I have seen this before were the Overnight Props it and the Open sells it. Could be wrong. Usually the Open will retest some lower levels, before it resumes higher should it go up.
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Since 3AM CT the lift has been 200 points, watch this drop 50% or more. This is the whipsaw that is a result of Overnight vs Open and such. At top of Range and Channel, be surprise if we get above current high or 14360.
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NAZ should PB to 14240 for test prior to Open, Should it not take out current High.
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Do not want to harp but I have seen the Pump Dump so many times, lately. I just do not trust anything that has to do with Overnight PA. Today is a key day for the next move with the NAZ.
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Brick Wall at that level,
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14240 test back to Brick Wall, or further drop.
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Magic Dust needed, hurry.
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14194 Break did test lower KL of 14094, you can go long down here
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Go back to previous notes, Drop, Fail Stall, Drop. Overnight Prop (Magic Dust) tricked the Longs again. 14160 is near retracement and that is about it. Rally selling may follow unless some magic comes into play from the Proper's. Stepping away and good luck.
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14160 pass is Good for Trade to Upper KL.
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14016 is a Support Zone and a Long above is OK. NAZ will not go much lower than current low. Will head back to 14100, then 160, then 194.
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W on IDS 50, target Long to 14094, then 150. As Long as 14030 holds.
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Careful on Short side, Prop Magic may show up to offset some loss. This may get the momentum going in that direction.
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Nexfix off 36% and FB 7% and NAZ is only off 1.3%. OK I believe that.
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Long did hit target and is back down. No Strength NAZ. Sell all rallies and Long in Overnight with Short at Open. The sequence and has been going on all year.
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Just go Long in Overnight and Short it in Morning. Fade this close, watch the final 10M.
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14030 and under is a Short.
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14030 retest from above is a long tp 094
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Hammer down the No Strength NAZ.
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Add to Short and Stop at 55, ticks will drop.
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Sledge Hammer
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Close Prop, Final 10M Drop.
Trade closed manually:
After drop in Overnight Go Long. Short it in the Morning.
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Moping at top of 30M's
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Go Long, after 5 minutes after close. Close stop.
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305 Pop
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Hopefully you all are seeing the tricks. They will show up again and again.
Watch for NAZ not breaking Overnight high after a few attempts prior to Shorting.