NAZ may knee jerk and then ultimately climb higher back to upper trend channel. Yellow arrow left was last pre Open Prop Blast (1 minute move, mostly). We have been dropping at a snails pace since, go or get off the pot already. Any support after knee jerk drop may rally for test above near 10915 & 11150. May be nice drop/pop set up.
Just seems like the easy PA is up rather than down, NAZ may be constipated.
IDS50 Major KL's
Just seems like the easy PA is up rather than down, NAZ may be constipated.
IDS50 Major KL's
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Monster Diag TL may produce a significant POP, when the the gets past.
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Long Developing at KL 10783, If you go with use a stop.
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FYI, previous monster Pops had nearly zero wiggle or drop prior to pop. I made note of this as all firms/traders around the world would of had to be thinking the same play at the same time. So if you are going Long, place stop within 50 and let it run or wait until after release.
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Drop Pop Long, NAZ 30 points below 783. Add or get stopped. Major edge trade here and is how the game is played. You should have points available for the fun. NAZ has been dropping for weeks, odds are we get a turn with a major "something".
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Drop looks a little fake, we will see
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YEP, done for now.
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Retest needs to hold for this arrow.
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NAZ is testing the Cliff 915, needs to pass and retest from above or down we go.
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Open may retest below 915-25, usually does retest O/N levels. Keep in mind as we get near Open, Drops will be bought 1st then stalls will be sold.
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Flight Path
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O/N PA and KL's, NAZ stuck at top MOP.
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Range of garbage is 784 to 951, needs to break out.
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The Circle Zone may an area that will be defended on a drop.
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This is a Long, most likley
Trade closed: target reached:
Should low hold, most likely we see some Friday Dead Zone Magic Dust Price Action, we are DUE. To the moon, Buck Rogers, why not. 925 pass is the key to the serious lift. Long trailing from 2nd call. Have a nice weekend, I am out.
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10944 may retest, if so add on hold.
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Also, today is most likely a hold trade for a few days or so.
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4HR Circle shows the structure of lift. Real and 11000 is major hurdle, passing this is further support.
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As long as the NAZ stay up, the late trigger nervous traders will join in with some FOMO. This will boost and then we may see some/any Short covering. Once that happens the trend will/should/could change. Riggers/institutions will follow all that, the media will change their tune. Not out of current downtrend just yet.
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U Turn Extreme Target, would not be out of reach as it is only 150 points above the 8-9 day Range Top (11160).
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Stall at 11080 will go back to 11040 or 11000. Bounce or Close near 11000.
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11120 is target Watch PB
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NAZ with 300 points, will make another 100-200 somehow.
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340 may be a stretch for today
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May PB some to get any higher
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NAZ needs to pass 167 for next big move higher.
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167 hit, needs to pass.
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Trying
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NAZ not constipated on Long side but still in 9-10 day Range.
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Push pull ended at 11000, should be good as long as we pass 11167 and stay above 11000 on any PB.
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These weak closes just baffle me.
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No real change, just another Danger Zone U Turn or offset. Super bull or bull bounce not yet
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Drop here is kind of odd, may bounce in final 2 m.
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Strange, today changed nothing except some distance from Cliff 915.
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Great day today and I appreciate the compliments. So today was the first day in many that was easy for traders to play the long game and hop on. Scaling into the lift was what helped drive the lift. We have not had many of these in the past 12 months. So hold on for the shift to some long easy trading days as they are on the way and will move up quickly. The NAZ is still in the same range so today was a good start. I do recommend that you read the books that I have mentioned, they have helped me with some needless issues.