NAZ under 50MA at 30MA, under POC, in the BOX. Long above 11430 and Short below. As we get near the Open Session that usually sells off, expect a bounce out of the NAZ that will be generated 1 hour prior from a Gov't issued new release. O/N Riggers did their job and now to the next.
Daily with MA's, POC & Box
Daily with MA's, POC & Box
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Yesterday post may be worth viewing to understand this set up. The Edge Trade Danger Zone U Turn #4 is the idea. The NAZ may retest 11500 level prior to blast off, should the Long take place. The point is the O/N Rig of 80 points is the 1st and expected move. The next would be a huge positive response to the GDP or Fed comments or anything that would/could support further pre Open Session rigging. Have you noticed that the NAZ can not hold a gain during the Open? Idea is Long until Open or at stall out, take profit and reload after 1st 30M. Use a stop if you are Long.
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If you are actively trading everyday and seem off, it is most likely because of the TTZ's and the way each needs to be traded. Most nights the O/N props higher, Open sells off and Dead Zone fake lifts back up only to drop back. The whipsaw is generated with the 1st prop move which is the O/N. Yesterday (3 previous days) to today is the example. Trade each Time Zone differently.
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Updated KL's, Notice 11503
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IDS50 Long Signal, may see a retest
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Stick with the plan, block the noise and take profit at targets. Long at 510 to 580 stall and Flat. I am not 100% sure that U Turn #4 will work. This madness of fake moves has to come to an end at some point. GDP in 1 hour and PMI, then Powell. May want to go flat or use a stop. I will be back later.
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O/N drop and 515 retest. No Trade zone is 11510 to 11580. Needs to break out, Open will most likely drop 1st move. 11540 is mid zone.
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3 rejections near 580.
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Russel i off -.50%, NAZ hitting a wall.
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PMI Bad News is Good News twist my lift the NAZ.
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Still mid No Trade Zone after 30 minutes, WEAK.
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NAZ in NTZ all day, big move on way and most likely lower.
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Only odd item is that FNG1 is up 2%
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DZ U Turn #4, setting up. Or this is a Short set up. I am flat, Scalped the NTZ.
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7 direction changes today.
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10 minute 200 point move, #4
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Shor Zone if stall out.
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963 maybe
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Reds are sell zones
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Long above 842 to 930 or 960
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Trade closed manually:
U Turn #4
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Big move indeed. Most likely an offset to something on the way.
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NAZ next major target is 1000 points away, It will not get there.
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You can see the 2 days that made up the recent level. 1st was a 1 minute 500 point blast and the 2nd was today. Both had to do with Gov't news/policy. No QE so the prop is now O/N propping and crazy exaggerated moves in minutes in 1 direction (from the Gov't). This is why I called the U Turn. This should fade Back lower over time. Not conspiracy, just the pattern/generator.
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The NAZ generates 300-500 points everyday. Today was just another day with a big 1 way move. The 6 prior direction changes with the NAZ today did generate hundreds of points. This was prior to the 1 way runner. Never chase, today was the Long only managers FOMO. These organizations can not miss any moves to the upside, so they chase. They have no short play or 2 way trading.