Limit down Overnight, tonight? If we do not see it tonight, just Go Long. If we see propping tonight after Walmart earnings reaction, Go Long. Seven months of tip toe moves, the flush out needs to happen. So far we have seen strange price action, low volume, etc. and the indexes are relatively stable. Range of play is outlined with yellow arrow, look Short.
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TLX 12100 level, has a Bullseye on it. Look for this level to be in play over next day or so.
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Baseline Chart with 8/10 projection, looking like lower White Arrow or targeting lower Blue line for now. NAZ on lower side of TL and Box Equilibrium is 11,900
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NAZ at 12310 and starting to see the lift Prop towards 12350, which most likely means that the NAZ may be targeting 12250 or 12150. Let's see how it plays out by open.
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Divergence developing and should play out to decent Short Trade. Shorting 2 at 12325 (325 are on) and 2 at 12350 & 2 at 12375. Stop at 12450 on all. Just happen to be awake and see the Rigging game ending soon, NAZ needs a flush out few days in order to have any chance of climbing higher with Smart Money stepping in.
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Most likely play today
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2 Short on at 12325, close 1 at 12287 and cancel 4 other Shorts that did not trigger. +37 on trade
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Move stop on 1 remaining short to 12325, no loss trade. let it run or get stooped.
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NAZ needs to break below 12268 in order to drop deeper.
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Update, it is trying lower and should pick up steam as it did NOT get its prop medicine. The NAZ gets very crabby when that happens (NAZ always gets it Prop Medicine). Have to joke as this is the weakest Bear Market in the history of Bear's.
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NAZ hit 12267.5 as low, bounced. That may have been the pre Open low. See the games and how the machines play. Holding Short with same Stop at 12325, No Strength NAZ, 1 way is on the way.
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My comment 6 hrs ago, played out. The lift toward 350 (got to 333), stalled and then hit 250. Now we may see 250 back to 350, 400. Stall and back to 250, 150. This is how you need to think and play the moves. At key times (like the 1st 30M "open drive") the volume is true and the targets are easily hit. You just need to get in sequence with your trades and target flow.
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I am staying Short with remain 1 at 325 and feel 250 to 150 is the direction. This may happen after a pop to 350 and I will have to reload the Short. I do not type every trade as it is not possible. Have fun today and trade more, you can practice with the NQ MICRO or 5 or so, believe it is NQM
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Sign of times, 1st the inflation type "transitory" now recession type "technical". Unreal and yes, people are that gullible. Yes, this may work for a bit as people wake up and digest the reality.
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Overnight showed nothing, current Short will most likely get stopped as NAZ may play the range at Open. Last night was not a Prop up, rather a Prop stable. I can get going with definitions too.
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Top of 1st 30m mat be 12305, short should be OK. If not, look to reload on stalls.
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Lower Short stop to 12300
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Lower stop to 12250
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Close Short at 12230, +95 on trade
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Long above 12220, Not a trade just a Rec if you want.
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Up 140 points, I will sit out until Dead Zone games
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Long developing at 12200 -20, just a rec/note. See Divergence on IDS 20, watch it play out or not.
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12272 is Strong Long and Pull Back Zone on 12200 20 Long.
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Bad news is Good News Chatter is next, May see some lift during DZ.
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Update, 1st yellow lines is Long Set Up and 2nd is Short/Stall set up. Notice that the NAZ did not really go anywhere and is pulling in buyers then reversing.
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Divergence on IDS 20, the opposite direct deferential (white arrows, Upper vs Lower) is what you are looking for. These are clues or set ups.
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Mentioned 12132 as target for Long Bounce on 7/21. Here we are and at Mid Box. Need to look both ways as we approach the Zone.
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Long 5 at 12165, will drop at 12200
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Stop at 12120, will let NAZ lift mack into Open Drive, multiple times as it will climb higher and higher each time.
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Keep in mind when drop stall NAZ may lift higher to pull in buyers to then only reverse direction until the buyers stop buying, Then the NAZ will shoot straight up like rocket after the buyer give up. Lift to 12200, drop back low, lift to 12225, drop near low or just above, Lift to mid range of day, the sideways and huge final hour up or down.
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Dropped 5 at hit of 12200, will go back and forth with outline above. + 175 on trade.
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Now look at NAZ game show, back at Lows. Read the outline above, this is the game.
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Closer look at PA during DZ (dead zone)
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Watch the KL Key Level of 12132 (give or take 20 points), may see a bounce here back to 12200. If not 1 way south 12050.
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End of the Rainbow is a Pot of Gold, Big Long or Big Short time, GO Long should NAZ hold. Just a Rec and not a call.
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I do see a 132 Hold Long to 12180 trade developing. 132 needs to hold.
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Long 5 at 12132 target 180.
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Drop at 180 and stop at 12120
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Counter Trend is nerve wracking, should or reversed at 12200. Lazy. May get stopped here, NAZ should lift some by EOD. Stepping away. I won't move stop or trade anymore today until this plays out for hit or manual close above 12132. Stalling drop is clue to fake lift.
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Stop hit -60, should reload, will hold off. Rainbow may be a bad kind.
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Long 5 at 12115
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Stop 12100, target 12132, then 12157
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12200 and below is just trader games, they whip it around, extend it , snap , flip it and head back to equilibrium. 12175 is equilibrium, currently. will drop all at 12140 to be safe. Moved stop to 12115 or buy in.
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stopped no loss, should pop here though.
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Long 5 at 12112
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Stop 12100, target 12150 / Precision Trading, using close stops, not my style trying to protect gains.
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Get onboard, I have a feeling on this one.
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Rang bar equil. is 235 and 30M is 175, look for NAZ to hit the middle of two or 12200. Significant difference, so something is off or games being played.
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12150 Hit and out, 38 point x 5 =190 points
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Do not fear the NAZ, it is predictable. You need to trade, trade, trade. Use the MICRO, stepping away.
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Flat and back at 132, just not feeling crazy drop here. Upside down day's, then it may play out. Watch Head Fake Longs near 132. Stepping away.
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last post was way off, i deleted it. Equil is at current price. Which means is may act as support.
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Friday was the top/flip, IDS 5o with lower target.
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12085 Long 5
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TLX support below, just playing a counter trend trade, I have some profit to play with. Stop at 12055. Target 12135
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12300 looks like a target/test, prior to a move lower. 12111 is must pass and strong Long. Will move stop up to 12070 now.
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Long trade is for the badly needed prop offset. This has been the pattern all year.
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stop at 12085, no risk with casino NAZ.
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Needs to pass 111, if Not close long at buy in or just let it stop
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Trouble Zones get magical support. You will see, MonkeyPox stimulus will be next!!
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Stop hit No Loss, may reload after 2:15 CT
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Long 5 at 12078
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Stop at 12058
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Slow move lower, could be Mopping at bottom, Pop up to reverse drop at higher short level. Typical play and better to short higher than lower. NAZ needs to get lower quickly or bounce higher.
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111 & 132 are reverse targets and will look to close longs there. Unless I see rocket boost.
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Ticks look normal?? Rocket Boost?? Move stop to 078
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Long developing needs to play out.
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No pass at 111, again. May get No Loss stop again.
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Closing long at 12098, 20 X 5 = +100 point
Trade closed manually:
Have a great night, I am out.
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See, magical opposite move after the close. The play all year. Prop tonight for sure and 12300 is in play.
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If you are not getting the hang of the game, you may want to stop trading. Tomorrow is a tricky one, look Long (a hint). Why is the NAZ trying for 12300? If stalls, it will drop (great Short, better than today bottom). No stall, it will just keep going until it does.