Overnight prop of 100 or so, Short at Open. Mid Dead Zone, go Long then at Stall reverse and let it drop. This has been the sequence for most of the year. Range day, Short near Upper yellow and Long near lower. The NAZ is not going anywhere with this weak intraday Open Session price action so just play the moves.
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Just another note. Was reviewing and you may want to look Long today as I think the Overnight Prop/Stabilizing will hold today and help NAZ rally higher. Just think test above more than lower, today. Targets, 14217, then 14360.
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NAZ is stalling at 14175, Overnight Prop will need some more gusto prior to Open. Looks like same old play book, Near Mid Level of Overnight Range, NAZ may support and try higher 1 last time.
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I am Long at yesterday Close, I will see how NAZ looks at 14200
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This drop may bounce and try another hit higher.
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Add Long above 140, my stop is at 135
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Closing Long at 14160, will reevaluate later. No Strength NAZ may show up after Open.
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Stepping away until about 9am CT.
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Going Short under 14200 with target cover at 14085, stop at 14220.
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Have points ti play with and just do not trust any gains that come out of Overnight. These usually dissolve at or after Open. Then lift near Dead Zone.
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AMZN, AAPL, MSFT and GOOG are al up exactly the same % pre market, what is that??
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Back, Overnight Prop Magic is not working, same pattern, Short after Open. Going to .236 Fib 13840
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I have been talking about it all year, the Overnight is the New QE and they use it stabilize the NAZ. We should be much lower. No Worries just go Long in Overnight for the Prop.
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NAZ box out of the Box.
Trade closed manually:
Bearish