NAZ is getting Overnight Prop, look for weakness after the Open. NAZ moved 610 points in 2 days and half from Overnight low volume, make a note as this will be tested in the future. 12-6-21 Chart Update, NAZ appears to be choosing the White Horizontal Line as apposed to Yellow, or is this a Head Fake? Hard to tell when half of rally is based of Overnight PA. 1st half hour of Open, we may see a Drop & Pop test that may validate the run up. Other than that, go Long to ATH.
Year End Post Update
TL X Chart Update, NAZ back in the Box and Red Lines are pause or direction change levels.
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KL's: 16325 Upper / 15870 Lower
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You may want to visit my 12/1 Post for a laugh, here it is again!
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Every major Tech Stock FAANG has Gapped Up on Open. Look for GAP fill in next few weeks. NAZ will likely test the 15800 level in near future.
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Stall at Open, Drop to 16000 potential for Pop.
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Long day ahead, If NAZ can't get higher it will go lower for bounce.
Trade closed manually
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Will be inch worm Grind day higher, do not Short this. Done for the day. Wil come back if Biden and Putin get in a fight.
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Upper target is 16360.
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16360 pass goes to 16530, likely in Overnight.
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All Pull Backs will be bought, add on PB's. One way, all the time and all the way.
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May see decent PB to 16250 - 40.
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Only concern is that Goldman Sachs on 12/4 lowered 2022 and 4th Q DPG outlook, previous times that markets Pop and then drop a day or so after. This sets up a nice Pop & Drop Short. Makes sense if you want a nice Short.
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Day may go into sideways consolidation for EOD Rally.
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NAZ struggling at TLX, no confirmation yet.
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NAZ stays below 16276, look short. Otherwise just a PB.
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Long at 77 and above for high take out.
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One more leg on this PB for Pop. Failed high take is short set up.
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Place Long
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Long target is high and then 16360
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Good, let se if it hits 60.
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Inch worm grinder days are tough if you miss the beginning.
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Only Short would be if up momentum fails or stalls, not likely since lately we only see 1 way PA. On Longs, you can place 20-30 point take profits and then renter on PB's.
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PB to 16200 shows good support, if NAZ drops over the next day or so.
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KL Upper New 16118. Watch this level on PB's. No Shorts today, only establish a Stop on long.
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Typo Upper KL is 163118
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NAZ back to that.
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Man, 16318
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Let it rip Long.
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add at 16200
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Hold Longs, NAZ will test Top prior to any drop.
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Drop pulls in selling and then reverses up.
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Many tricks being played these days.
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Closes at KL 16318, cant get more accurate.
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Inch worm grinder with Close Head Fake Drop. Try and remember these plays/patters, you will see them again and again. NAZ up another 200 from here before you think of shorting. Most likely in Overnight as Asian and other will most likely rise.
Thank you Maz. Appreciate your daily posts, real-ish time updates, and consistent comments. I find it helpful, useful, and educational. I’m in Sydney (Australia).