Yellow is Long and White is Short target. Gap fill attempt likely in Overnight Prop Session only. If not tonight (looks unlikely) then most likely NOT during No Strength Open Session. No Prop tonight go Strong Short tomorrow after Open Drive stall.
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11344 or above, take Long to 11488, Short near Open or Stall out. You may wait on this one or hold off on this Long.
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The fact that we see an Overnight Session that drops 200 points may be a Bullish signal. We never see this and need to see it more, if we are bottoming or basing. Look for retests and holds near 350 or so, holding would generate bounce.
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My IDS system: Left side is Range Bar 50 and right is RB 20. This lift started at white vertical line and will most likely drop when Stoch on 20RB get to overbought. This drop/pop is the move that will show the next major move. I will draw another vertical to show short side trade (when it happens).
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Now looking Short under 11420 back down. Wait for 420 approach and failure.
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Short developing, this is early sign.
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No Short yet, NAZ just hit 420. May pass as pre Open Prop is in play.
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Short off, let it hit 488. Likely and 420 is now support. Stepping away until mid morning.
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Short cancel was good call, had a feeling that the range of low to high was going to be in play. Not sure where we end up today. NAZ is inside the past 2 days.
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Long above Red TL and Short below
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600 is neutral zone as NAZ is sitting on Red TL. Long is OK, just watch for quick drop.
Trade closed manually
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NAZ is still in mid range of PA of past 2 days. Break below 488 may see 11200 test. Believe direction from here is lower. Key, we may see a deeper drop tonight in Overnight. Last night could have been the start.
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11345 is 1st stop lower, should NAZ not stay above 488.
idk bout getting long here, prolly just another damned headfake imo
lacid_25
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so overnight drop and daily pop is behaviour in normal bull market?
MAZing
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@lacid_25, No, just a change up and could be a sign of buying appetite.
tradingdiscipline
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What is Prop Session ?
MAZing
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@tradingdiscipline, My inside Joke about how the NAZ 99% of the time goes up in every Overnight Session. When it does NOT, look out. It is just a pattern or Prop attempt by the Riggers or a manipulation play. Too many Overnight Sessions just do not make sense or flow in the broader trend direction.
DaddySawbucks
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@MAZing, Gets old tryin to guess eod what's next, yet most of these moves happen AH, so many gaps
DaddySawbucks
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yea methinks could fill that gap soon eh
Alt-B
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@DaddySawbucks I respect the gap fill, however I went hard hard short end of day today on fundamentals. These 2 gaps happened for a reason that has not only been validated but exacerbated since two Thursdays ago…75 bps hike with more likely and finally housing weakness..the actual economic fallout is just beginning and not priced in……
MAZing
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@Alt-B, Weakness is stronger than strength, currently.