NAZ sitting at top of consolidation range of past few days. The price action is looking jerky with some push pull and the fact that it did not just race up over the past off days may suggest a drop may be lurking. Starting to hear chatter about debt ceiling. This could be a great excuse to drop the NAZ and then when settled (mixed with anything positive) pop the NAZ back up. White arrows are plays outside of TL triangle. Will try and update as w go.
IDS50 with KL's
IDS50 with KL's
Comment:
11560 is TLX and Major KL to watch
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Keep eye on weak lifts as NAZ usually drops after MOP up/ Long Trap.
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Back later, late morning. Should NAZ break out of Channel, Strong Short is developing. BTD's & FOMO's may come in and push NAZ higher in range, any stall will Drop Test.
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KL 11560 with Hold and Bounce to KL 11704, Look to Short any stall.
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Short the High with close stop, NAZ will test Top 1st30M. No Hold will drop today.
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Trail it
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Typical moves are good for 100 points.
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11626, look short again.
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Drop Test has slow buy in. May float some.
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Short and Cover are arrows. No Long IMO.
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Dead Zone lift and drop later, back later. Good test drop.
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11585 retest likely. Under 11626.
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Shorting today will be hard as the momentum , BTD's and FOMO's are in the way.
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11588 hit, range to watch is 100 point 11680 to 11580
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NAZ is still in Range, bottom would be likely should NAZ not pass upper.
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Watch the level, NAZ back at TL and retesting from under.
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Looking Fake, may drop by EOD
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Recent pop is just under 100 points, next short IF should run 100 ish.
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Just keep in mind that the drop today was 40 minutes and the lift is hours and still not back to drop start. Games during the DZ, usually Long Trap type trick as next drop would be a second chance to get out, should this be a top stall. Could be wrong and the NAZ may rally 500 points from here, you just never know.
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11600 40 point lift 2hours and 40 point drop, 10 minutes. Push Pull is back and may stay to speed up with short time on lift and quick time on drop, what to look for.
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Back for final 30M. Today is only about 150 in range, narrow and look for a big move by EOD or O/N.
Trade closed manually:
Magically the NAZ will stay positive near close, float up in O/N and drop tomorrow near Open and during Open Drive. BTD, FOMO activity is still strong.
Comment:
Fib Target
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Narrow day and other than pop or drop, the only moves was the weak retracement and tiny scalps after. Narrow and slow. Expect another pop, stall and drop test. O/N has been slow to flat as the propping is not needed, at this time.
Comment:
Potential short Trade after any Prop Job in O/N stall out.