NAZ at Box Bottom and you would expect a bounce back to/near TLX 11536 prior to deeper drop. KL's below and Zero buying activity after several days of springy pop up type buying PA (like a switch was turned off or prior was fake). NAZ recent 1,000 point pop should have some up/down on way back down, watch 11350 - 11380 for a bounce Pop/Test.
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Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the end of January or so, until new program is ready. Thanks for following and all your support.
Comment:
Daily YTD, Yellow area is the Danger Zone and NAZ is on the edge of lower channel. Higher or lower from here, expecting some lift prior to freefall.
Comment:
Track 100 point moves. Yesterday Short from TLX. KL 11383 bounce back up for retest of TLX, if NAZ is to bounce. Strong Short at stall/TLX rejection. Bounce may happen at 11350, I would expect a bounce to short near Open or end of 1st 30M.
Comment:
Comment:
Mentioned Monday, Debt Ceiling drama is being used to push NAZ lower (other news also). Snap back will come for upper retest and that I believe will be the clear next move (up/down from there), this may play out today or tomorrow. BTD's & FOMO's may come back at 1st sign of decent lift.
Comment:
Big test now is 11362 Bounce, if not NAZ will/may drop.
Comment:
Current Drop is near 400 points and usually there is some retrace past 300-400 point moves as take profit starts to happen and such. Was the recent 1,000 point rally just another manufactured Drop Offset? It looks that way.
Comment:
Back after Open. NAZ is sideways ish near 383. Should hold, 460 is current retest.
Comment:
Long above 11362 if you want 30-50 Scalp, use 20 point stop. NAZ may try to break Diag TL (400-415). Just an idea based on drop distance and time of drop. Due for some pop back up as the Riggers will need to have buying lift the NAZ back up so they can re short the lift.
Comment:
Typical 50 point stop clean out. May pop back to 425. 11373 needs to hold here, stop at 11370 should do. No Risk Trade.
Comment:
Close the Long on Stall 425
Comment:
Retest 11383 for next Long or Short to 3838. NAZ is nowhere land.
Comment:
The lift to 11440 did get the extra contracts for the Riggers to Short, may do again should 11350 hold.
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11200 is not out of view.
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As of now the Open lift was just a curve ball to get you looking that way and now we go lower in to dead zone slider. Could be wrong, next lift stall fall will tell us.
Comment:
100 point moves, needs to pas 11440
Comment:
11362 is holding, NAZ in Mid of all indicators and range of activity, Big Move on the way. Short most likely, if Not Head Fake Short. Strong Long only above 11425
Comment:
Head Fake short with weak Clean OUT, try a Long above 11350, Pop to 11425 50 and then 75 test. Drop is slowing and Dead Zone may try and lift up. May see Big Long Pop here at Double Bottom at 11348. Edge trade with a Stop. Retest of bottom of 1st 30M. This may take all day as the NAZ goes sideways to lower, then we should see a pop.
Comment:
11380 rejected Long from 11350, will/may try again and pass. Ticks seem OK, if not Lower target is 11200. Scalp until break through. Mentioned this can take some time to play out.
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Should be the one that can get above 380.
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11426 Hit
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MOP below did play out and 11383 must hold.
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Back to Scalping days. Painful.
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11360, 50 above nd below is the pattern.
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Can't just trade and hold. You need to Take profit at targets. You can reload.
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Zero strength NAZ is back.
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Just watch Head Fake Long under 11425
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Looking for Stoch HOOK
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Debt Ceiling Drama may limit lift until Tomorrow.
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Pattern
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No Hit at 11426 will fall back to 11365
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Stoch did HOOK.
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Trick after Trick type day.
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NAZ is still nowhere and did get the lift, great Short set up so Trail
Comment:
11440 is under Top 1st 30M, watch out here or under.
Comment:
Lift from 11383 looks weak, may fall back.
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11441 long above and short below.
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11404 is level to pass on short to go further.
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Held at 04 may retry
Comment:
Stop at 441 or reverse.
Trade closed manually:
Need to see a big sell off at close or NAZ lifting is back. Final trade. Netflix may change things and the ETFs' that buy in O?N may help any lift. these sell at Open.
Comment:
80-100 points per trade is pattern for take profit.
