NAZ just out of lower box and heavy resistance above. Recent lift was mostly done with a 1 minute 500 point run in pre Open and a momentum follow trough Friday. Above POC 11500 and would expect a retest prior to next move higher. Looking for some drop test moves, these will need to be bought quickly to confirm strength. BTD & FOMO PA as Long Only products can not miss any lift. Twitter & Bitcoin may slow tech rally some, inflation is still high. The 1,000 point move was a 1 minute blast and a Friday follow through. Bear market rally and would expect some retest lower days ahead.
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The 200 DMA is where the NAZ may try for. Only 900 points away and can be done in less than 5 minutes with some help from the Riggers, BTD's, FOMO's and Bigfoot. Should the expected drop/tests hold, do not look short until we reach the 200 DMA.
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Scalper's or Scalping is not Investing or Trading. The Scalper is looking for the trade prior to the trade or investment (buy). The example below will show the potential of points that are available, this is prior to Open and TTZ's are part of set up. Many tricks will be played out with drop tests at strange times, you will need to be quick. IDS 25/50, Friday 11-11, drop test set up. From 11620, Pop/drop/bounce: Pop = 150, Stall/Drop = 205 & Bounce = 120. NAZ went nowhere but generated 400 or so points. These moves will be done as to confirm momentum at strange or off session times (tricks).
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After O/N to Open Drop Test, the Dead Zone will slowly lift NAZ passed O/N high, lift and drop test near O/N high and bounce.
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KL's for this week. Dotted are MA's and white lines are POC's
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750 to 810 is range, wait for break out of either. Too narrow to trade now.
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Strangely slow push pull PA during O/N, very careful on Long side today.
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Boxes are target, stall and reverse zones. Not sure which one gets hit 1st. Look for ricochet after hit. Not so sure with bounce strength on drop to lower box 1st.
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Back after Open 1st 30M, price action is so slow I am using IDS 20. I use this with slow weak Holiday type volume/PA.
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11700 TL hit and bounce
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NAZ may drop on stall out at 780
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780 Stop clean out, Go Short to 720. Use Stop at 11830
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750 - 810 is still the range
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Push pull is tricking Longs. For now.
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No strength NAZ, trailing. Back Later.
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Close Short at 740, now in next test zone
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Rejection here and should retest 786
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Ricochet? Not sure dead zone is buying.
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NAZ drop, could be outside day reversal. Will need to see some low neg ticks after high ticks.
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BTD is too easy here.
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VIX and dollar are up and 10YN is down. Watch final hour.
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25 off high, so slow it is hard to see.
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870 retest will tell.
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898 retest needs to fail.
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here we go.
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Top 1st 30M test.
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No Outside day reversal but decent
Trade closed manually:
Drop offset
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Slow Ricochet and at TL.
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NAZ above Box & POC.
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NAZ above POC, Now above the box.