NAZ in Mid New Box and under top long term channel. Expect some push pull or up down battles. The O/N may try and prop some as Apple did bounce off lows. Friday may see a late strong sell off. Will update as we go.
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11200 may be strong resistance
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The NAZ is only 60 or so points off it Thursday low. The 200 point A/H drop, dropped and vanished. The way to limit damage would be exactly that way as no damage is done during regular session and A/H really does not have any effect until morning. This may be it and the NAZ may actually rally tomorrow as the extra 200 dip kinda checked off a lower level as recent low. Just a thought, lest see how much the rigging pull off in the O/N. The YTD O/N price action has been extremely bullish, why would it change now.
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11200 did reject the lift. Red Line 11077 may look long above and short below, NAZ went exactly mid range of A/H drop. Add Diag TL to your 30M.
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11077 did bounce and will most likely retest should it be a support zone for a Long move.
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Retest
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Pull Back, not Short
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Narrow O/N considering the 20% hit to Amazon and META the prior day. yellow line is mid range and we should rotate around after Open.
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KL's opposite direction, still working for now. NAZ currently in a MOP. CPI in Germany is due, may be mover. I will be back after Open.
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Example, KL Trade with Divergence set up Short Scalp
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Just getting back, my Long above call I did not expect this much run. Push pull showing up, start looking shot or stalling to change direction.
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11400 may Roll, 10YN is dropping.
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Long Trapper?? We know that one. Couple more Retests through Dead Zone.
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Box Top and Strong resistance here or 100 more up.
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11490 - 500 may see pullback that may turn to short. Yesterday I commented on how the NAZ was struggling to get lower, compare that to today. This may sell off some prior to going higher. Should/when this stalls out, we may see a real decline.
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10YN yield still up today, and dollar is also up. This is odd PA and I am tapping into my palm reading skills with fortune cookies. Long with trail, just feel the Snap is coming so close the long with extra contact.
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Air pocket that I am watching
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Next high Ticks will tell the story. NAZ Voodo , do not try at home.
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Box Top
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540 is pivot
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Stall will take NAZ back to 434
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Amazon drop is offset by Apple gain, META is still down big, FNG1 is flatish. I just do not see why and I am a certified horoscope'er
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Closed long at 11500
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Normally this is a bad thing. Let 30M candle play out.
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NAZ will drop some by EOD, the real test is the quickness of buy back.
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Stationary at 540, really odd.
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This is as fake as it gets, it just may work
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We are basically back to yesterday O/N high, that is it. NAZ will need much more and it will not be there unless Fed steps in or Bigfoot shows up with some magic dust. Mr. Retail keeps getting sucked in.
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This set up is 90% reliable and just watch for now.
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543 is level to watch.
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543 to 509 look for drop.
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then 465, on drop if it happens.
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for now look short under 543 on retrace, long side has most likely played out. They shot Bigfoot in the foot, he can't run anymore.
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On short place stop at 545
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Zero Pull back really. Even that is not normal. Not normal usually leads to biger counter move in near future and that is no black magic.
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-2 stopped.
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Last trade did have scalp it got to 14 and not 09. Still not a buyer. so far I left 49 points on table, FYI the NAZ typically runs 400-500 a day with all decent moves. Today is average so if NAZ dose not go up an additional 100 or so it will go lower the amount.
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This 30M candle needs to close under 43 and next needs to stay under, and then we may have something.
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Usually this is drop/pop time 90 minutes prior to close.
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Stepping out, ticks are not matching price action. back at final hour.
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Past few Friday's have been hard for me, although the trades were about a day early. NAZ is selling some now. 543 is KL.
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Mild close/final hour so far.
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Snap or 621 here.
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Usually I go with big short about now, will hold that today.
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Shorting 5 at 11585, can't help it.
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Stop at 625
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out at 570 + 75
Trade closed manually:
This is just so unusual and not sure what will follow. We had a good day and this is just too easy, that also is not normal. NAZ has simply done back a day or so, I would expect major propping Sunday and Monday, may even gap open Sunday. The push pull ended after 11257 and then air balloon up. For the rigger, the circle was brilliant play.
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NAZ getting back in the old Box, POC above.