NAZ makes another mysterious U turn when near the Danger Zone. Many of my Post's do note this, eventually retesting the zone. We are back at 11,600 and 12,000 is likely (just in O/N prop alone). Strange price action with the struggling to get lower on many days, then followed with huge rallies at strange times and at key levels or zones. Just seems to convenient and not natural. Keep the Short play ready and wait for a stall, let this play out to channel Top as that is most likely were it is going. Chart below, POC is at 12,000 and circle are mostly buy orders so the NAZ should fly through this zone (needs to pass 750). Month end and Halloween, expect some Black Magic.
Comment:
KL 11680 -725 level is Long above and Pull Back below.
Comment:
YTD Long Term Channel chart
Comment:
KL 11423 may be a Strong Long at hold. May see Open PB to level with bounce higher to 750 or 12,000.
Comment:
Something I have been playing with. Use Regular session only, Fix the distance of session with bracket and add angle with +/- 70 degrees. Most days that rise/drop higher than 70, usually correct to 70 or more. Point is a 90 degree lift is coming back down or going way entirely. Friday was at 78 vs 70 so we should see pull back.
Comment:
IDS 50, 70 with FAN, both directions from KL
Comment:
Current with 11700 drop/pull back example
Comment:
See if it hits 518
Comment:
The PB would be to white line 1st and blue 2nd.
Comment:
Watch yellow on 30M and may see drops under.
Comment:
PB to 518 hit
Comment:
519.5 so far
Comment:
519.5 should retest 560
Comment:
Angle play seems to be working, KL's in opposite direction. Will check back in morning. Scalp, Scalp, Scalp.
Comment:
Circle is air pocket on Friday, 585 is Big Short attempt (Friday), White is 60 retest and blue is Short. 424 is short Target and air pocket
Comment:
70 degree angle is holding true
Comment:
11495 is also an air pocket from Friday
Comment:
535 to 545 is rollover zone, Gap fill may happen at Open. This drop is most likely a Long set up. Back after Open.
Comment:
Will test rollover zone
Comment:
Circles are Long set up Scalps on IDS 27
Comment:
Slow decline with no strength, again. Friday U turn from Danger Zone was most likely a prop to offset what may happen on Fed Day. NAZ may float higher, near O/N high. Not expecting strong bounce or rally today.
Comment:
Low of 450, near 423 target. Should 423 or 450 Hold NAZ may lift back to 520 1st 30M Top.
Comment:
Angle update, NAZ went to lower end of Range then weak test of 1st 30M.
Comment:
AP tested nd may go back
Comment:
Most likely by EOD.
Comment:
Voodoo head fake.
Comment:
Short set up.
Trade closed manually:
11434 is holding but not lifting much. O/N prop on the way.
Comment:
Comment:
362 bounce or Long above.
Comment:
Stopped at the Channel
Comment:
NAZ struggles to stay lower all day and just lifts in O/N through earlier resistance. Buy the close every night and let it float with a trail. This works 80-90% of the time.
Comment:
11-1, Not posting today. Use 10-31 as guide. Not much has changed. Just amazing how the O/N prop just keeps on stabilizing. Gap fill then sell off?
Comment:
New Month and expect some upward moves. O/N was all ip after a struggling Monday, just seems odd and many times we see a decent drop after Open. This is usually the confusion that seems to trap during Open Drive. I am out most off day, range is same, expect some magic moves higher, just seems likely.
Comment:
Starting to become a JOKE
Comment:
Comment:
11450 may hold.
Comment:
Long to 11440
Comment:
Outside day reversal, the drop will be offset with Dead Zone prop and the O/N prop.
Comment:
IDS 50, whites are shorts and yellow is Long retracement.
Comment:
Comment:
Friday big move continues to be a mystery and then the O/N prop last night. Expect another lift prior to EOD as the lift offset will be restored. The work will no be wasted and only reused to prop.
Comment:
11350 is strong long.
Comment:
Magic Bigfoot
Comment:
Bigfoot is playing games, stay tuff. Do not get shaken out, use a stop.
Comment:
Just cleaned out stop and and will do again. 10YN is up and Dollar is lower, just look long for now. NAZ testing yesterday lows. 11290 is support Mid MOP.
Comment:
Needs to pass 375
Comment:
Really, why would the NAZ go lower when they will not let it? All year long, why change now?
Comment:
Comment:
Testing 375, move up stop.
Comment:
Should pop out after 57 retest.
Comment:
Here come the late comers. Watch bounce off 57.
Comment:
Stalling, may see quick drop/pop test. I am stepping away until close.
Comment:
NAZ back in the Box
Comment:
Out of channel
Comment:
Bounced of Mid MOP and stayed short under red line
Comment:
Look Long for O/N prop magic.
Comment:
O/N Prop Magic is good for 70 from Mid MOP. Like clockwork and sooo predictable.
Comment:
11/2, Not posting today, Fed Day. Push Pull is back. 11345 is KL. 320 and 290 may support or use as turn levels.
Comment:
KL's so far
Comment:
Below 290 use Box Chart KL's as targets. Above O/N high, back in Channel.
Comment:
NAZ retested bottom of 1st 30M
Comment:
Crazy, That is why I skip these days.
Comment:
This has been reliable, combo with IDS