Yellow arrow is lower target and 25,766 is upper Turn Zone. Past three days have been struggling to stay in range above orange TL below. O/N will have to pump it up and Reg Session will have to sell it off (big). Other option is snail life higher into Friday - Monday Long Play, just watch the head fakes long and failure of Dead Zone dip buying lift.
Note
This is setting up perfectly for the Short. We get the opposite counter move move prior to the anticipated move. The Counter Move comes in the O/N off session and nearly hits upper TZ (turn zone) 25,766. You could of gone long near close to upper TZ and then gone Short (2 trades). When you put all the pieces together, the flow works out perfectly with very little slippage. They should just close the NYSE Reg Session as it really does nothing most days except the selling in the Open Drive (1st 30 to 60 minutes). The the Dead Zone will lift any drop and then you have the Overnight jacking it back up. Play upper TZ until break out and expect a pull back prior to Open, play the entire O/N range for testing of H/M/L as KL's.Note
Last piece to look for are the Sideways, Dart/Spikes, these happen prior to any turn in direction. Just wait for the move, up/down, spike and then the direction usually will change back to an opposite KL for a retest, sideways, spike and then opposite direction move. Note
NAZ is safely above Long Term TL (580) thanks to the final 5M of close and the O/N. Look for drop test and under this is the Short (has to stay under). Prior 5 days has been working to get it above and away from this level, staying above may see breakout to KL 910 (above 766), this would be a great spike and better Short set up. Any stall there will come back quickly. Note
O/N volume is low and again about 25% less than normal. Easy to Rig.Note
680, 580, 480 are lower levels to watch today. NAZ may just walk down the stairs, stalling at upper (780) is 1st sign.Note
Question is as we go sideways for days, why dos the O/N keep redirecting the NAZ? Sell of today is the idea or risk to the propping (off session moves are not as creditable). This does not seem like strength in the markets, currently. Note
828-910 is range to watch after the 1st HR. Back under 828, play each KL on retest drops. Looking like typical Friday slow lift higher unless we see some drop testing in the DZ. Again, Quick drops and slow lifts, The drop did come in O/N after the O/N rigged it up (drop offset). Note
To help out with the flow, circles are sideways and arrow is spike. You are looking for Spike then direction change. sideways may be sign of pull back and not direction change. I am a scalper and do not care if the Post is wrong, I am just looking for movement and trying to catch it. Seems like I have a few that may not understand this concept. Note
766 will get hit and react.Note
860 Drop may have spike prior to direction change and that can be near 780, 680, 580 or 480. These are all in range and keep open the Idea of the ODR. Note
740-630 is range in here.Note
Next move will be near or under 720, looking lower.Note
10YN is up 1% again today, keep an eye on that. Bitcoin is lower 3-4%, Need a Tweet. So NAZ did retest O/N lift, may do again should it stall here. Note
Sorry, did not retest O/N low, may do that if stall out. Note
Above 760 may fly to the moon with Failed Auctions all the way, you will see a major spike and that is the short on stall. Been scalping this one.Note
Does not get above or comes back under, then it should head south with some force. Note
Is the market open? Won't drop and stay lower or move higher, back to delivering PIZZA. New plan is to just go Long in EVERY O/N Session and deliver PIZZA during the Reg Session. Here we go I see 20 point move to the South, trying to get under 720. Note
This may creep lower to 690-80 and then react back up or try 580 for bigger move. Now it is being stabilized above 720 which is ML. Think range of 720-280 is where it goes next for a reaction for bigger move. Trade closed manually
Day volume is low, the entire week has been low and since 11/20 the volume is off with lift being on. This is looking like the situation just prior to the 10% drop. This close is a gamble with O/N Weekend up next. What should go lower can open Gap up on Sunday lift and then sell off on Monday Open Drive, seems like all part of some type of trap as the end result is JUST Sideways. Too slow to trade here and watch the Spike move to reverse PA. Done for now and have a good weekend.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
