The NAZ had 4 days of Lower Lows and Lower Highs, look for NAZ to 16240 again today. TLX's are Red and are reliable targets/turning levels. May see Drop to 16000 - 980 level and Pop to 1st Target 16120 & 2nd Target 16240. Under 16040, look to Short side today. Key Levels: 16080 Upper / 16010 Lower, Play in opposite direction until break through. I mentioned yesterday that major forces will NOT let these markets fall. Should the NAZ (and other 3) broke lower, things may of turned pretty bad and potentially very hard tp Prop back up. The main reason why I was going Long into the decline from 16000 - 15900. We may not be done with the downside test, although it does not take much turn momentum to bullish (Year End chasing, FOMO, Long Only product world, etc.). Probable trade pattern today: Short, Long, Short.
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Forecast: expect Pre Open push to 16180, then get out and let it drop.
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Upper KL Change 16197
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Short move likely. Shorting under high 14
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Adding to short 95
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KL's in opposite direction, still working. NAZ needs to bounce in order to get higher. Under 40, NAZ will accelerate to Lower KL.
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Dropping 1 Short at 60
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May add back near Upper KL on failure
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NAZ got Propped again in Overnight. Big drop test likely. Closing 2nd Short 40
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40 bounce may have legs, short at upper KL failure
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Flat and stepping away, Drop test later after lift.
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NAZ lifting is odd, look to short side today.
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Needs to pass Upper KL.
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NAZ should turn negative today by EOD.
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KL's in opposite direction, do 20-30 point Profit Targets.
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Sideways now, Up Down until one level breaks.
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Shorts working better than Longs.
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40 Look Long, Close Stop.
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40 bounce may get through 97.
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Nothing until near 97, Long load up. Add at 60
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16180 is target above 97. Will se mid day Lift, do not fight it.
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Stepping away, we can Short above 97 Add another Long above 40.
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Should see Pop, EU close.
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See Ya.
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Dropping 1 long at 93
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KL's are like magnets, 97 will be support should NAZ bust through. Let it go up, Stall and drop through from above is the Short.
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Strong Short at 16065 60. After Confirmation and Reverse your last Long. You should be way up on points should 60 add not pass 97.
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Adding to Long at 85
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Stop at 60 on Long.
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NAZ would of Dropped by now, most likely one more run up. moved stop to 40
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Forgot about Strong Short, could be problem on 85. Will add Long at 50. Strong Shorts and Strong Long levels many rimes are support for opposite trade, that is why I say, wait for confirmation. Moving stop to 25
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This could be shake out move to get Long going, if so EOD higher and expect a lift here.
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Price dropping while Neg Volume is rising, could see bounce up here.
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Taking stops off
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Adding Longs on Drop, do not follow I have points to play with.
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Lower KL Bounce.
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Tricky day, they just took out stops, should see move back up. FNG1 is up 1.23%, Most FAANG are up and Tesla is -.32%
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16089 is Strong Long. This should get us to 16180.
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Stops Kill, Up on trade otherwise would of been stopped out. Nobody can see the inside quick moves, nobody. Just stay with bigger picture in mind and do not get shaken out. NAZ should get through 97.
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Mid KL is big next move time, Flip a coin and go. Next approach at either KL is usually the break through move.
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Crawl towards a KL is usually a fake, go counter or Long here. Adding Long at 40.
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Stops at 16000, stepping away.
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Logic on Long, No way they Players let these markets tank. Still wondering why we bounced so much off yesterday low? Invisible Hand at play with invisible buyers. I will stay Long until close on this one, will keep stops at 16000.
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dropping 2 Long at 75
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Stop on last Long at 50
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Slow day, looking Short for tomorrow.
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Stop hit. Flat.
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20 needs to bounce.
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Stops Kill. 2 -2:15 Trade will push down NAZ. Wait on any Longs.
Trade closed manually:
So boring I actually fell asleep. Once again, the only gains are in Overnight and sell off in Open. Looking Short in Overnight and expect some serious selling.
Bonds closed toady, may be good for equity manip/propping, keep. Not being negative with propping and such, just that many are getting whipsawed and actually taking bad trades. Why did the NAZ bounce 200 points off yesterday low? Most is Futures and after the open it usually sells off. This is the start of the Whipsaw (todays).