Yesterday was a start with weakness or potential direction change, NAZ was pumped up in O/N and U Tuned in Reg Session, went under TLX and dropped 200 from Day High. O/N is flat (today) and Open Drive will retest yellow arrow, break out is next move and most likely lower after a stall out as NAZ will not turn easily to the downside. KLOD is 17656, 17448 and 17253 are lower targets and upper is the TLX or yesterday high. I will update on Teams.
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Yellow Circles are levels to watch for drop/reversals. Upper is BTD/FOMO or sideways all day until O/N and up into Friday typical Prop to Sunday and Monday. Joking but not really. Should the typical upside play not work, look short from now until Tuesday morning.
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Upper circle hit and watch reaction
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NAZ at top of range or yellow arrow, most likely a pump drop offset for the Open Drive. Netflix up and Tesla lower, offsets. Look for stall out drop test 1st at Open.
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Just track typical moves per session time period, O/N up, Open is drop to move up or move up to stall and drop, dead zone is up and stall in DZ will drop and Close is Up in final 5M. Every move has a counter of similar distance.
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Should this stall out it may be a huge pump/dump, the BTD/FOMO's are what you are competing with if you are looking short. Just like yesterday 200 point drop, in the face of a rally was the trade.
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17665 retest is likely in Open
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17675 hit and Hook Short is setting Up on stall
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Battle for the Hook under TLX, watch the Ticks.
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Once again, inside O/N range and no Open lift, it will try a few times or drop to lower O/N range.
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Going to sloooow nothing and will try to lift it.
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Think trades at KL's in opposite direction today, back later.
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17665 hit range is TLX 695-665 for now.
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17695 rejection here is key
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Play O/R and under 695 is Short trend
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Tight range makes it whippy, let it play out and 17800 is not out of picture for better short if DZ gets this up.
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Every move has counter of similar, just way it is now until trend change
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NAZ not dropping and getting to O/N and then Friday is Long play and next Short would be Tuesday. Just keep that in mind.
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NAZ hit 1st yellow Dot from Pre Open Chart, 17500 Red dash is Strong Short if it hits and does not hold.
Trade closed manually:
Doubt highly that Friday will be rally into Monday set up, but keep that in mind. Below is 4HR and 17670 is KL to watch, Long above and short below. Today the NAZ did act in the way predicted and I think the O/N may drop tonight for a change and get ahead of the open with the move lower. The O/N usually seems to be the Boss and control almost all price action. Notice how today (most days) stayed in the O/N Range.
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IDS20 today, best move was Shorting the Stall Out at 17750 (closest to yesterday High).
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Maybe it is me, look at most stocks and they are near 2022 high (January, 2022). Any stock from any sector and any market cap. 2 years of down and back to origination of drop, should familiar? That may explain the Propping and such, drop offset was 2023 and 2024 may follow 2022. We shall see.