Easy one from here, Long above 25340-360 and Short below. Let the Overnight lift and stall and look at Reg Session Open Drive for a drop test. Tweets, Tricks and low volume periods are only challenge on this one.
Note
Not sure it happens today, the drop or retest of lower KL 24,625 is on the way. Since 11/21 the NQ volume has dropped and the lift has run up. Looking for max lift near 25,766 and then the Turn for the drop test. AI Bubble, Tariff refund, Geo, etc. chitter chatter seems to be getting louder. Up in O/N and down is Reg is the pattern to anticipate. Watch the O/N into Reg Session Pump/Dumps. Note
620-766 is range, short drop test under 620Note
540-620 nowNote
Ticks have turned negative and Push/Pull will show up. Only go Long in Lower Volume periods and the Overnight from here. after 1st hour is Dead Zone and a decent long period for retracement trades back to the High. Drop tests the get bought quickly are the clue for continuation of lift and slow will lead to selling. Note
620-540 is range here and watch the Ticks. The NAZ is higher from O/N lift and 525 is O/N high so watch the drop should NAZ get under O/N High. Back Later, this is CZ until O/N rip pop or not. Still feel that decent Drop is to follow thie and last week's low vol lift.Note
Watch 630-675 range here as it stalls out some. Note
Jerky PA as volume is really low today.Note
Next drop test to 620-540 that does not hold may drop back to 340.Note
NAZ is running on pure FUMES, be careful with the BTD/FOMO play today.Note
Slow bounce spells SHORTNote
Today is a key signal for balance of the next 2 weeks of normal volume. I would think selling during and then final 2 weeks of year we see Super Low Volume lift by the Rig Team and MR. Retail. Again, interesting to see how today finished up and if ODR is hit or not. Note
520-540 is O/R ML and long tern TL, short under and watch the rotation around during the Dead ZoneNote
Drop there was UK, rumor is that they are selling AI related stocks as they believe there is a Bubble Brewing. Trade closed manually
The price action today, when it has moved up/down looks like we will see a drop next. The drop is most likely going to happen in the O/N session, by the Open of tomorrow or in the Open Drive. I feel the Short developing and I am usually a half to full day early. Let this play out unless the drop happen from now until the close of Wednesday Open Drive. Lower target is 24,625 and no drop, Go Long with the FOMO's. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
