NAZ has to go to the Overnight Prop to stop the bleed. Today's range is inside of Tuesdays and Tuesdays is inside Mondays. Big move on the way once it breaks. Yesterday's close sell off then into the Overnight Prop, was a great Drop/Pop set up. The Prop may be to offset the next leg lower or the start of a retrace. I would expect a drop to 14100- 200 for pop to TLX 14717. KL's today are Upper 14440 / Mid 14197 /Lower 13978
Daily Chart Update, Hold/Bounce out of 1st Buy Zone.
Daily Chart Update, Hold/Bounce out of 1st Buy Zone.
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On main chart or post, yellow dotted are KL's and wrong, should be at Numbers above. Lower is correct.
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FYI, usually in normal days when the NAZ gets Propped in the Overnight it struggles to maintain it after Open or goes sideways to down. One thing that we have not seen with this 15 day drop was some big down days in the Overnight. This may be good or on the way/next (after bounce or next week).
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At some point prior to or after the Open, the NAZ may test 14306 (1st 30M top, yesterday). When the NAZ climbs today use TLX as targets, any stall it will drop to the KL's and TLX's on way down until support. 1st direction is up today, expect a stall and drop (retest below for support or bounce).
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Overnight Prop machine in high gear, EU up so following. Not sure I buy this will hold through Open and then EU Close. May want to wait, the at 1PM CT you get Fed. Decoy's and Booby Traps! Where is (Long Only) Mr. BTD? He may actually run into that buzz saw.
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Long to TLX 14482
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Needs to pass Upper KL
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Long at 14400 should hit 482, take profit near
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KL bounce to 482, next move
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Dip buyer day, careful with Shorts.
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482 Hit, now 587 after retest.
Using 25 RB today
Using 25 RB today
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NAZ not out of gate yet, all of this gain is Overnight low volume propping. Close stop on Long Trails. Most likely Inch Worm until near Fed Rates. Stepping away.
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May see 308 Test/Bounce here
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Tip, trade in one direction. Long example below, Yellows are Buys, the Red arrow below is where the 3 peak/leg should be. At white of that lower half circle look Long back to 14500 or see if it is Short set up?
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We are Mid TLX, do not trade here. Wait until it makes a move. Down move Bounce potential, Up move short potential from a TLX. After a few hits, it will may get through, just like Pop late yesterday.
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Whites are 3 hits at TLX, next one may get through.
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See if this works
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Typical NAZ after the Open and after a Prop session, It usually will pop again so watch it on short side. Stepping away for an hour or so.
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Update on 308 Test, you can see how levels are connected and develop into trades. Just imagine that moves are straight lines. It is the wiggling that shakes us out or doubt.
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Careful on 3rd Peak,
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Under 506, look short
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Under 506
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Got as high as 545, now testing TLX from above.
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NAZ will need to pass day high before you go long.
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3rd Peak, white higher than yellow, strong short under 14440 after confirm.
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Overnight run is at 600 points from bottom to top, That is a big move and may see NAZ retreat back some. Should it go higher, this game is fixed and go long for next few days.
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506 is key, feeling like Long Trap.
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14717 next upper max target. Total Prop since last night.
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Short under TLX 14587, if you have 50 -100 point stop.
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lower stop
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Strong Short zone.
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Classic Pop/Drop
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NAZ back under 1st 30M high is key.
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Move stop to 508
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308 Target
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Stop hit +80
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Strong Prop action. Short not that strong just yet.
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Only gains are Overnight, not real, FYI. Prop offset.
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Relentless lift. Overnight may see another Prop.
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Ticks -1500, unreal. NAZ should be much lower or going.
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Now you know why it popped 700 points. Just gave back 400
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now 349 is key
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Longs got trapped. Big time. 382 max beck max lift.
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All that and NAZ and SP are still up others are flat.
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Long at 14100 play coming up, lets see if it holds, just watching no REC.
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Lower KL next.
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Bouncing off Lower KL.
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Long should hold for retest add. Just watch
Trade closed manually:
Use KL's as opposite trades and Targets.
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KL's in Overnight Upper 14382 / Mid 14236 / Lower 13978