KLOD above will stay higher and below will have to stay under for Short trade to lower target. KLOD is 17052 and ML O/N is 17088, need to see the Open Range play and volume. I will update on Teams.
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Long above KLOD in Dead Zone back up
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17110 retest
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Range is KLOD 17052 to 17088
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Lately above KLOD will lift back up 99% of the time.
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Narrow, past 3 days seem to consolidation for move lower, lets see what happens when we get some volume. Likely lower retest, quickly.
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KLOD pop and needs to pass ML O/R 17110 or it may drop.
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Remember (it has been awhile) anytime that the NAZ stays under the ML O/R 17110 it will or may stay under and retest lower.
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Range now is 17110-17052
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1 HR Chart update, still a major Air Pocket below and will need to see MACD come up or it will drop like previous AP Call
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Drop from 17124 is just moving back on or retracing, every move comes back on each move. No pass is strong Short for deeper drop/test.
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Rejection at O/R Low, watch this it will retest O/N low and KLOD at no pass.
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Volume is 25% more than this time yesterday, that would be the selling. BTD/FOMO Snap set up may be developing as they sleep at the wheel.
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KLOD break/hold is key for balance of the week.
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Plays here KLOD bounce or drop on retest from O/R low
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Anyway, key today is to see if NAZ stays under the ML O/R or not. If so, we may see deeper drop test and above just BTD and look at 17140-200 by EOD and O/N prop magic.
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inside O/R watch the Long Head Fake and snap, it may be next move.
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BTD Head Fake or 17140 next
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The move from 17065 to 17127 have have been one of the best Stop Clean outs that I have seen in a long time. Apple watch or AIO will get the credit for retest higher, no hold will drop.
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When everyone is terrified to go short, GO Short.
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IDS20 users, The white MA above the KLOD is the Long play and Blue below with white to follow is Short. This is a guide for each day.
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Above chart would be Bearish or Short when White goes below Blue and both go under KLOD.
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The Circle is a signal for MA Drop and drop test trade.
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Anyway, Dead Zone (past 1st hour) is Long only 99% of time and O/N (after the reg session close) is Long only 99% of the time. This pattern will most likely change is 2024, we have not seen a limit down O/N session since COVID 2020. I am so excited to see some 2 way PA.
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Oh my, a drop of more than 20 points.
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Watch the KLOD for reaction here.
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All day in range of O/R High and KLOD
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Back near the KLOD, we want to see the usual Pop into the O/N or not? Or, the sell off and pop back up in O/N or not. Any deviation from the typical up pattern is a signal for a drop test. All because we are back under the ML of the Open Range.
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White arrows to the left are drop plays that bounced. Looking for drop no bounce.
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17065 is KL to look short under. Just feel a head fake on the way by EOW. A break will try FA below 16980.
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The idea would be to watch the KL below during the Close and O/N - O/R of tomorrow.
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MA's tight and White needs to get under Blue or NAZ may Pop Up.
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No drop by now, you may want to wait until O/R, too risky with O/N lift most likely next. NAZ at 17095 now and mid of KL 17065 and ML 17110. May see move either way in final 2 minutes of the day.
Trade closed manually:
Flat with O/N heavy lifters due up. Drop to KL 17065-55 will have to stay under for a decent move lower and may be a Long set up into O/N. Better Short near Open tomorrow.
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Final minute and up and away into O/N Magic land. Just love the games and Tricks.