NAZ may target bottom Box. No Magic Dust tonight. Now you know why the Propping has been so consistent every Overnight. We still have not seen a limit down Overnight session this year, on its way.
Current Box Range
Current Box Range
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NAZ up more than other index futures, this usually leads to Prop signal. The NAZ Prop move the NAZ & SP 500 because of holdings and some crossover. 13700 is the mid level of Overnight, 13816 or 34 may be upper targets and limits, stalling may target 13700, 13650 then 13550. Let 1st 15M go and see from there or wait until 1st 30M. Dead Zone PA has been the opposite of 1st 30M.
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13665 to 13750 is range, need to see break out. No Clear Trade just yet.
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Suggest scalping in between that is what I am doing.
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Long likely at this point.
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Missed Short, Looks like Long Set Up, weak decline. I would suggest a Long above 13590, back to 13665, then 13700, 13750 13850. They will not let this NAZ get much lower, Expect some Magic.
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13665 Hit, Now stay Long above bottom 1st 30M 13617, will test 65 again
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Hard to see but W forming on NAZ at low.
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Stay Long until NAZ breaks Low. This is how the whipsaw shakes you out.
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13580, Long above and Short below
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Why would they Prop the NAZ all those nights? These are games that look real, a Drop had to show up and now you will see a retracement back up some. Just think off how low these indexes should really be this year. We have had 4 months of downward pressure and only off 10-20%. I would not be surprised if NAZ rallies into the close, just another prop offset. Stepping away.
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13580 break, Hit Lower Pivot, Take it Long back up. ORT next spot lower is TLX 13312. Still think NAZ rallies later by EOD.
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NAZ holds at low, should see move to 13617 test.
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Strong Long above 43
Trade closed manually:
NAZ in tight range, it will go up net week.
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1 way basically. I thought the NAZ would have some strength today. All rallies last 2 days have sold off.
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Overnight continues to be a Long Prop, do not trust it.
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Suggest IDS 20 0r 30, scalping works. Not typing as much as I am trading a lot.
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Upcoming weeks, I will be in/out so the intraday updates will be less. The IDS 30 examples will help you to identify Short/Long set ups.
Short
Short
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Long
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On Short let the NAZ get under top white/red and between yellow line, The Stoch must be above white upper. Long is reverse at bottom.