Looking for some drop testing to show once the BTD's & FOMO's wake up. Yellow Box is strong support, 11,600 is period POC and Red solid/dotted are channel. Yellow arrow is next direction and white arrows are levels that may bounce or attempt to pass solid TL (toward box top). Break below 11,500 and under dotted TL is Strong Short. I will keep this Post open for some time.
Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.
Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.
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4 HR
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NAZ dropped to 12,450 or 50 points from old Box Top. O/N propping it now, looking for Open Session to drop it below 12,400 for test. NAZ may test 12,100 this week.
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Under Red TL and should stay in the White Box.
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NAZ is on Box Top and 1st ledge, No Fed No Rally.
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NAZ did bounce, stalling some at 12800
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Prop Box chart, NAZ is back at 12400 level and under POC.
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11900 next stop
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NAZ got to 11923. Chart below is weekly, NAZ in channel that dates back July, 2020.
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NAZ at 2nd ledge of drop forecast.
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Range for balance of 1st Quarter may be between 12,300 - 11,550
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IDS50 Range and KL's for balance of Quarter.
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The 3 day prop in the Circle is base support, look Long. NAZ rockets up and struggles to get lower. Compare the number of down days to prop day ratio. You can contribute most of the stagnate dropping to the O/N drop offset games that are used. Besides, the micro moves lower are nothing compared to the most moves higher. This drop was my forecast on 2/6 post, just expect some bounce soon.
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As predicted, the NAZ gets is held at 11850.
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Back near 12400 level and key to next move.
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Back at Top of Box
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NAZ is back at Top Line.
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Update
