NAZ will not go down and in a range. Each night the Overnight Propping lifts it back up, just enough. Short the Open and buy the Close would of been the trade the past two days. Look for NAZ to get past Diag TL and pick up steam.
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Long at 13960 to 14040, NAZ trying to get through KL and then 14040, then TLX 14101.
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Strong Long above 14216
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13752 may be the next add to Long, or above.
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If you are taking current trade, the idea or play is the Drop/Pop as laid out in chart/post. The trade may or may not work, the idea is the play the two connected targets. The Short side on the NAZ is weakening or may speed up, you never know so use a stop if you are long.
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FYI, many times I will see 50-100 point moves away from an entry point, then the NAZ fires. I only can think that it is a bad call (early) or a good call with Pro's making it better. EX, I like Long at 13960, NAZ drops even lower prior to original trade targets. This is usually what happens and is why I tend to hold my trades or add as this plays out. Now and then I do take a massive hit, FYI. This Long is 100 from original but at my post Long Entry, Let's see how it goes.
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Nice base in lower indicators
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Looking better
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13960 Original Trade Entry, 13860 Posted Entry Position, 14101 is 1st target. The NAZ will try and get through an upper target, prior to going lower. The Daig TL is the upper and KL. Failure will be drop and success will carry to next target.
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Back to original entry and up big on post entry.
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KL will drop 1
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So this move appears to be correct and may just be getting going. NAZ needs to pass Diag TL and retest and stay above. Close your Long at 13800, otherwise let it rotate around Diag TL for a bit. Have a nice day, this should be it.
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Remember, Stalling NAZ is dropping NAZ. Today, less trigger happy on selling. Let it rotate around 14000 some.
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Strong Support at 13960, NAZ will try 14025 again.
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Should see Blast off here.
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If you are not in you may want to wait on any pull back to enter or see if PB turns into a Short or Drop/Pop. In Close or Trail Stop at Open.
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Target hit on 13860 Trade, Closed Will add on PB
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Games in the range, You see why I use targets and SCALP. Another sell off at Open.
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What is confusing is that the Overnight and Open session's Price Action act very differently. You will need to get a good grip on this and not forget which session you are in.
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Stepping away, Careful today. Feels weak and likely not going where I thought. Ukraine is most likely the anchor. Long above 14101 and Short below.
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This is trade from earlier, now under 13960 may be the short level and target 13706.
See how this plays out, watch ticks. NAZ not looking Long at the moment, they may Inch worm float it up some and then drop it.
See how this plays out, watch ticks. NAZ not looking Long at the moment, they may Inch worm float it up some and then drop it.
Trade closed manually:
Not sure anybody will rush in Long today, Friday and Ukraine is still an unknown. The best trade may be to by the close at its low and let the Overnight Propping lift by Monday morning. Then Short the Open on Monday, this is the actual pattern that has been the best. Up on points prior to Open, may check in later. PA and volume too slow for me, things may get whippy.
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Trail up if are in it. I made the call but did not like the flow, strange days. Up is down and down is up, this may be a great developing SHORT. Just seems off.
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14238 is Bottom of yesterday 1st 30M, no pass will head south (TLX or KL).
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NAZ drop of 100 points off high should be taken serious. NAZ acting like a Pacman and eating up stops now. May be targeting lower for bounce test, this is the Long Trap point of day (235 is key here).
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14270, Short may be developing.
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Lower Stop
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Ukraine briefing
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Under 87 should drop.
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May try again.
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Multiple failed hits at TLX 14270.
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Under 14235 again. May be it.
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NAZ way higher than RTY and FNG1, does not add up.
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Needs to pas TLX in order to go higher.
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TLX and near in opposite is best until 4-5th hit. Then may get through.
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No pass at TLX, will drop far.
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Should be heading lower by EOD.
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235 and 087 are retrace spots.
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Mop Zone, Then lower.
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Mp Zone will be defended on short side, Should it get back up. BTD caution.
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Crazy, Drop/Pop and Pop/Drop day.
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TLX to TLX
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Use the previous example as set up for Shorts and Longs when in opposite set up. Less guessing in chop.
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Stepping away, any lifts are most likely set ups for next short. Targeting 13960 or Diag TL.
Trade closed manually:
Dead Zone prop, offset for next week.
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Highly recommend the IDS and not question it. I was out during Dead Zone and missed this Long. Called the Short and did not expect the Pop follow through that took out Mop Zone. The Target Post was dead on, need to trade the entire day these days.
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Next move should continue up.