NAZ hit center line of the Channel on chart below. Going with 2 target scenarios (I am thinking white arrow over yellow). NAZ is again in Mid Level of FIB .382 & .236, thanks to the Overnight Prop Magicians. These guys have been working overtime lately. Why 2 Targets: is this a Long with slight Drop/Pop at Open (White) or Short Set up (Yellow)? Expect NAZ to stall near 14111 or TLX 14140, this may be a deciding test today. Regarding Magicians, with this Bear market we have not seen many down Overnight sessions (since 1/1/22). Compare this to the Covid 30 day Bear, it have many and some limit down. I just find that odd and question where would/will we be (at this time or future) if this magic stops working?
Channel Chart
Channel Chart
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Dip to 13995 (I was thinking 13950) may be the Long Drop/Pop for the attempt to take out Orange TL and try for 14100 40. 13995 is also close to Monday low. Bank earnings today, they will be great and this will help the Long play. Long wins today as Bad news is Good and Good news is Good. This plus the low volume type PA, stay Long, Proper's already lifting things up.
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Strong Long above 14085, this may push through 14100 & 40 resistance.
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Just thinking that the Overnight continuous Propping is going to work and create a serious Long Bounce/Run. This Low volume Holiday week would be the perfect fit for such a sneaky play, lets see if they can pull it off.
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13920 level gets hit again and holds, this may be the support for a run up, next.
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Just reviewing some movement, there is significantly more movement in the Overnight sessions than the Open sessions. I may switch to trading the Overnight only. Why pass it up when it is consistently predictable.
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Rnage Bar chart, showing a double bottom at 13940
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13950 Long, go for 100 or so, play 1st 30M's
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No pass at 14074, look short
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Still inside Overnight PA, this may drop. See no strength again.
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NAZ may most likely just float up today as long as it stays above 1st 30M Top. Go Long and hold your nose.
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Close stop, they are doing everything to keep this index elevated.
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14074 pop to 14120 was fake, careful here. Long Trap set up.
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May try again.
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Stepping away, sideways 14074 to 14114 is channel. Dead Zone PA will be boring today. NAZ may test 14025 should if fall under 14074.
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Above 14060, NAZ may pop higher after EU Close.
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Magic in the air.
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This could be a Short developing, Careful or just Pull Back.
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IF PB to 14100, buy it or look to add.
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NAZ in Grinder Snail Worm mode, this is the low volume Holiday PA, Pull back most likely will be small and resume.
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Failure to pass 14195 is short or Pull Back to 14139 or 14070.
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14139 hit back to 195 and then 14314 at 195 pass.
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195 likely pass as, may attempt yesterday Mop Zone. No bearish PA today.
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On 30M looks like an M set up
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Stall out and M may hit or not.
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M may go to 139, passing 180
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No M, 1 way NAZ. What was I thinking.
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Short set up here would be wicked.
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BTD, get on for the next Short in Final 10M. Still below Mop Zone. Stay Long with Stop. 1 Way is all you need these days.
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All this gusto and still a Snail, that is Odd.
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This weak PA holds, NAZ heading to 14600 in Overnight and by EOD tomorrow. BTD all dips should it show any 2 way action.
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Going Short for any PB.
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Will cover or reverse near 220 or 195 in Overnight. Stop is top mop or 285
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Retesting 270, Thinking 50 point drop in final 10M.
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Run Forrest Run
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Fighting the Algo's and the riggers, reverse at 220 or stop at Break even.
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at 230
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Long up with stop at Profit on Short.
Trade closed manually:
Stay Long as the Overnight will Air Balloon Up and Up. Watch the price 1 minute after the close bounce.
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Today was fun and I just can't take this market seriously. Long Long Long until Monday or Tuesday. Now on talk shows, they are all bullish. It takes an Overnight Prop and a Holiday LV rally and they all get turned around. ATH next! Don't think, just go with the flow of the crowd.
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Prop train looks good with support at 14210. Long to today's high, then 14314. Easy 100.
