NAZ back at bottom prop zone and looking to go higher. 3/1 post had 3/2 calls, look for a slight drop/pop into the weekend. NAZ will try to break through the Diablo. Past yellow target are boxes that may be reached with some BTD/FOMO help.
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Defended Prop Bases.
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Long above Box for now.
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Looking like M developing 30M. The system I use shows some funky stuff from 11992-11942, the shaded zones below will most likely be retested prior to upper attempt. Funk zone is the only curveball. Could be nothing or we revisit in next few days. Again, limited updates unless I see something like yesterday Box Break Out.
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12053 was Diablo Break, this is major.
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The Orange TL (Diablo or Diagonal TL) has been running for 4 weeks. We may see 12130-40 rejection with Diablo retest.
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12120 is 40 point short
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Scalp Short, TP (take profit) or trail it. It may pop back up for retest.
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Hit
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12097 will be test back up, short PB Scalp under.
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Switch to Long above 12075, scalp back to Top.
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Range is 12080 -12120 for Open Range/Drive, back later. Scalp the Box.
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Until Break Out.
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Lets see if this plays out. Break out will 12170.
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The switch to Long did play out, now watch the Open Drop. Mot saying to Short just yet. Many new followers, the flow is Prop in O/N and the O/N High is usually the High for the day. NAZ may pass but usually falls back below and stays below. This may not be the case today as we have been lower for many days.
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The other point to note is that my short call at 120 was good to target, back up to above 120 and now heading back to 120. NAZ went nowhere but did offer over 100 points in opportunity. This will go on all day as the upper end is tested.
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On Pull Back, Strong Long Zone is 12060-30, strong Short below.
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Drop/Pop developing hold on Long under 12160
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12160 Short for 100 points. 30 point stop on Short, Shooting for FUNK Zone potentially.
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Stopped on Short, look to add/reload under 12170. 1st stop in weeks this may just fly higher.
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So far above 160 look like a Turd.
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Funky town next ? Turd check.
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This should fade. here we go. Bounced on Turd Start, needs to go under 160
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Play 12190-60 for next move, NAZ may rotate in the Turd Zone until next move. Not seeing move to upper zones yet. Buy PB's until stall out. Then look to reverse, back later.
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Push Pull showing up, Look Short for some scalps.
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Slight moves up with quick drops. May hold and pop
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Looking like 12320, next move is 100 in either direction.
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12160 to 12190 was Turd play and you will notice that the 12190 level was defended twice since. The only way the NAZ will tank is if the 190 does not hold.
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Expect a quick drop test should NAZ stall at high. Back later.
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Also 12140 and under is really Funky. Look for zone to be hit in next few days.
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Slow lift with divergence, needs to fill out or it will drop. Playing out my forecast, was just expecting some more 2 way price action.
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Expect PB to 12130, failed auction all the way up.
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The failed auctions usually do work out for pullbacks or targets. Just watch 230 and 200 level on any retest.
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270 is test here, short Scalp below to 230. I go flat at targets.
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270 divergence, needs to get above.
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Ticks should or have to drop.
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270 retest is next
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should drop here or will go to 320
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now retest 270 hold is long.
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280 pb, getting bought
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12300 is next test, only 30 points above short zone.
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Next 100 was up, many failed auctions will be retested.
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Upper hit, way above value area.
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280 should be hit, still 30ish
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250 is target
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Hit 290 and bounced
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12305 is KL now. micro 20-30 point moves.
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should be decent drop. All Long targets have been hit. NAZ going up on Neg Ticks??
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280 Hit
Trade closed: target reached
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281 Hit and tested level. Should retest other FA's next week. 1 way day. Expected just wanted more 2 way.
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Retest levels for next week
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arrow is extremally odd
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Mentioned the pop up was on the way on 3/2 (3/1 post). 2 up days are larger then 6-7 down days, NAZ struggles to get lower but will 1 way freight train higher.
hmm, could go a bit higher, 12230 max. If this breaks we'll have a lift off, but I doubt this...
SaneusiRsebuN
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12050 level will be tested for sure today. So having some active shorts at this moment will pay off
SaneusiRsebuN
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I see 12196 max O/N prop, if not the case, will be one of the targets in open session.
jakslo23
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Dropping 3 remaining 850 long contracts at 12100, adding another 750 points to the pot, and done for the week. Today might be a crazy day with lots of unexpected PA, prefer to start the weekend early. Cheers.
jakslo23
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@jakslo23, also, better don't hold long over weekend, crypto seems shaky.
jakslo23
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@jakslo23, another risk factors for today: 1. We get ISM for services, yesterday these data was pro-inflation, maybe lack of drop was due to hope today's data will counter pro-inflation trend on industry. 2. We have 4 FED heads talking through day, and they seem determined to tank the market since weeks. Altogether, careful today.
jakslo23
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@jakslo23, the 'diablo' has been broken on 15.02 too, and then NAZ started 1k down move, so I would not get too excited about this part.
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@jakslo23, could've keep it, but did not expect bears to be this pathetic. No hard feelings, and back to full blown BTD I guess.