NAZ will need to confirm some Air Pockets prior to a continued climb. The O/N and Dead Zone price action is running out of steam as the volumes have been extremely low, look for any selling to take the NAZ lower.
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Long Term Channel
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O/N NAZ price did test top 1st 30M of Monday and is above. Next drop and failure will test 13585, then 13540. On upper side 13760 is upper pivot. Playing the short side again today.
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Best trades in O/N would have been holding my late Monday Shorts from 13688 & 93 to 35. The recent lite trading in O/N has been slightly falling back to test support, Open then tests upper, usually during DZ.
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Most likely next trade prior to Open is white line back to 13700
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Key Chart, NAZ in TLX Zone, will break one way or another
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Above chart is TL up or lower, I think Fake up then rejection to drop, stepping away until Open.
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13680 is top and 13640 is bottom of range.
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Short near 80 and strong short under 40.
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NAZ should go to lower TL under TLX 50.
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May expect bounce off TLX 50. No then short is in play.
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Funny, 88 is high.
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Look to sell rallies today, may be 1 way day.
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TLX turner, may have some strength lower. After Prop Pop.
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Strong Short needs to stay under 40 and retest and fail 2 or so.
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13585 Target hit on Short.
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Stepping out for few hours, 13940 is next target lower, 65 is mid support look for retest bounce at 65
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Retested 63 and did bounce to 90, Should be range and take profit on either range play.
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13540 is correct from above not 13940
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1 way NAZ is stubborn so keep in mind the direction here. This can go on longer than you may think.
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CME NQ volume is at 175K, 1 hour in.
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under 13585 is Key for balance, expect retrace (if) to and drop.
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Most of yesterday low volume gains are gone. Stepping out, looks like good day.
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Just got back, crazy.
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CME is at 380, yesterday was 440k. 3 low volume days on a melt up, will not hold when volume picks up.
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DZ rallies have been dominant. DOW is up and lifting others.
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13750 60 failure is bad for bulls. No pass look short. 13705 should bounce.
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no 705 bounce 670 next
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NAZ is running back lower. Just playing Point To Point.
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High negative Ticks.
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5 30M candles up erased in 10 minutes.
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DZ lift appears to have been a prop offset, larger drop is on way today or tomorrow.
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Mass exit appears to be happening.
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This is exactly why we are so skeptical.
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13885 was tested on this last drop, watch the level.
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Need to watch the 30M change and time your trades, many opposite moves at the change. Doubt the NAZ goes back to top.
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NAZ testing top of 1st 30M, will need to pass.
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No pass yet. May close here.
Trade closed manually:
NAZ looking flat on a whippy day. Just looking at volume levels and one-sided general trend. Target trading until freefall.
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IDS 27, yellow are turns. Use stoch and aver sold and overbought for turns.