NAZ will drop/pop to get through the 12361 level. Low volume will help the Long side as things appear to be easy to whip around. Last night's Prop Drop Offset did help to stabilize the NAZ about 150 points. The drop in the O/N will be a head fake, the buyers will step in on any lift. Most likely tomorrow could be the next Short set up for a deeper dive for Thursday or Friday. The O/N riggers may not need the drop, if so the NAZ will try for Channel Top or Box Top. Strong Long above 12600. 12284 held up well today, this should have been easily taken out.
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IDS layout: With whippy PA and NOISE, take off the short color on one and Long color on the other. Follow the predominant color and signal line. This may help to reduce the noise. I use when whippy PA is running.
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The above is for Scalp trades. 30 point stop is usually enough and take profit at 20-30 or day range.
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If you do use this, just go with 1 or a few Micro NQ's and always be in the trade. Use the Reverse Button. Again, good for whippy PA as you tend to focus on the Line and not the whip of the price.
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O/N, no need to drop the riggers are just going to Mid Channel straight out. NAZ 200 points off EOD low. This just criminal how they keep propping this up. Hard to trade when you are sleeping, lets see how high it gets for the morning short.
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Upper target hit by the low volume easily rigged O/N. White lines are targets to watch and Yellow arrow above white will take NAZ to channel top. The riggers basically tested the bottom of 1st 30M of yesterday, rejected and now dropping. It may retest and get through.
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Riggers did their job so far. NAZ propped way up dropped to retest KL 12361 and held for a bounce. Look Long 1st today, stall out and drop test. Or, NAZ breaks past upper target. Back after Open.
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Below 12415 may go to white line below after 12361 break. 12461 rejection is key.
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Wicks suggest a drop.
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Just trying to figure out why NAZ is up here? O/N Pop Rig.
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NAZ is exactly at 50% retracement of yesterday drop.
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Range for Open 1st 15M
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Just like that and what I was expecting (somewhat surprised though), O/N erased 60-70% of yesterday drop on nothing new. Been working all year and read my post on TTZ's. 12563 may be max lift and short ZONE.
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Yep, same exact game plan. And nothing new here also.
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12338 hold for.
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Add to short under 12440, stop on short at 440
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Short closed
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Under 12460 now, Looking for retest to 400 as long or stay short
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Will see rally selling under mid channel. 60 to MC, then selling.
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Short is developing her at 12500, let run to 20-40.
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No Go O/N Riggers. Should rollover some. Tape is deteriorating.
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Scalp Up/Down. Stepping away.
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Watch ticks, best gage.
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O/N Prop Dust will not hold until bottom is tested and Holds.
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Careful today on Long side, internals still have push pull jerky action. Will switch direction in a flash.
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Lower target hit
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Not sure if O/N playbook will continue to work. The Open Range corrects that Prop. The DZ will try to get this back up and will most likely fail. The close will close this out if it does. TTZ's.
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NAZ only lower 25 points, thanks to O/N prop job. The flip side is that the NAZ may go lower 100-200 from here, so the O/N job did work to offset much or a larger drop should NAZ not had the offset. Watch the stall to stop during end of DZ and near close.
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12361 is next tough spot then bottom of 1st 30M. Back lower at no pass. Typical DZ lift on low volume.
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NAZ may drop here should it stay under.
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Under bottom 1st 30M and 60, break low and 12220 is target.
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NAZ at 346 is somewhat in a no trade zone as it is not on the edge. Use middle as set point or look for bounce near bottom. Rejection at Mid 12407 is also good for initiating trades, NAZ is trying for this. Pass 61 will target this.
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DZ PA is usually looking long 1st. Failure is good for short side after confirmed stall.
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The retest at bottom of 1st 30M was the better short trade. Now you have to wait.
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Stepping out, watch the 60 to 00 range, ticks picking up. Still push pull, so the tricks are in.
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Trick here is 360 hit and drop could be the short set up. The NAZ got the stops above 60 and reversed.
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The DZ lift made it unclear on drop, just like O/N lift did the same with Open. Think counter moves all the time. Now at bottom target and may pop up instead of drop or rotate around then pop up.
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Need to watch Ticks and 30M change.
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So far NAZ went lower to get stops and will try for 60. May try retest at 86. Many are going long at 316 with 20-30 stop.
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04 scalp to 35
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16 retest
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Ticks stay good this will try for 391
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NAZ only neg 40, crazy. Struggles to get lower. This could also bust lower and should. Not sure as the DZ and O/N will not let that happen.
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Rigger Time.
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304 and above is Long
Trade closed manually:
Trading on the edge of a S/R. Long in the O/N for the Rocket Magic.
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Just grabbing all the Stops on the Shorts. This creates the lift, while they Buy, Buy, Buy. When it stalls, it goes reverse. no 391 but 375 so far.
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Close Long Scalp.
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Day recap, the highlighted are nasty and almost impossible trades to hold. If you played targets you can do it. I missed the second, got the counter.
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This may help, KL's with direction of planned trades at/near KL. Yellow is usual direction at no pass or hit.