NAZ to stay in the channel. New month and new money, the O/N prop may get some help at Open and get above Mid Channel. The twist tonight may be a drop in O/N as I just can't see them playing the same predictable, unreal play again after today. However, still going with O/N prop to Open drop. Need to play the TTZ's accordingly to rack up some points. Tomorrow may be a 1 way day after the Open, prior to Friday.
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Funny how yesterday and tonight so far are the exact opposite of my arrow. NAZ may pop back up as the O/N riggers had to lay off for a night. Below is the IDS 100 with price at KL. On the flips ide, the 1 way may be the flush out that we need should the NAZ not come back.
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Few days back I posted the Chart and mentioned the CLIFF with circle, we passed and now at TLX. We may see a bounce down here.
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Triple bottom at 12125, look for NAZ to hold and retrace 12200 for next leg Short set up. Needs to pass 12160.
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12125, rejected at 57, next try.
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Trying to get back in channel
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NAZ stuck at 12155, can not get passed channel.
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Long scalp did play out, this will most likely come back.
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What is happening is that when the NAZ hits a low and goes sideways or a high and goes sideways, it rotates around the level to pick up stops. Then it takes off in the opposite direction until it stalls out. On the Long Scalp today, the trick is to get you to chase and they will eventually sell as you buy at the time the price is ready to go back lower. This is what happened 5 times yesterday.
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NAZ back in the channel, not saying today goes lower. The above is an example. I would think it would retest the low or near channel line.
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Not expecting much today, we may still see the push pull jerky PA. Scalp and watch the Ticks.
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Long at 12100, mopping should pop to 12140
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NAZ has been at level for quite some time, just seems to holding here.
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12140 hit, 12240 next
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Stepping out, 12320 is not out of range on Long. Should NAZ stay in channel and pass top 1st 30M.
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Chart above explains it all. May retest near low, I do not think it makes new low and the DZ Riggers should show up. NAZ should be much lower.
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Long above 80 is safer.
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Same play here
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Watch for this on stall
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IDS and 30M
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12100 was Good Entry for Long. The Pros took it lower to pick up some stops, watch this level.
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11858 is lower target on drop. Not likely.
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Current Short trade Set Up should NAZ not pass and level for Long trade.
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Edge trades from two yellow lines above.
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NAZ needs to pass 141 and retest. May come back down near prior sell zone.
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This lift may be a prop up, decent divergence on IDS 27. 12124 may be landing price. Trail Long up or short at stall. May see a magic pop, OED 12207 is level to watch.
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Would not be surprise if Huge Short set up.
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NAZ index is 1% off while NQ is less. Does not add up.
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Gap fill, then Drop? Just noticed this.
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This why the NAZ is dropping, rigging so strong for what reason?
Trade closed manually:
Algo's seem to come back today at 11:30. The lift is back.
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Gap did fill, next move could be lower. I do not think so in O/N, more like tomorrow.
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100 points in final 10 minutes, not Rigging.
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Levels have been reliable for targets.
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NAZ did bounce off TLX