NAZ may continue to lift, mentioned last week that smart money typically can't get out easily during Holiday weeks. Seeing that our world is now primarily Long only products and Indexing (with smart money trapped), you would think up 1st. The targets are yellow lines and we may see a typical drop/pop at Open, 11670 may be low buy zone.
IDS50 Chart, Red are sell, Blue are buy zones
Daily Chart
May be limited updates for balance of week. Have a great Holiday and I appreciate the support.
IDS50 Chart, Red are sell, Blue are buy zones
Daily Chart
May be limited updates for balance of week. Have a great Holiday and I appreciate the support.
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Busy news day with Fed Minutes later. I would expect the Drop/Pop after Open depending on pre hour and Michigan release at 9AM CT. You can short to or wait for hold on drop and Buy lower. 2 way day to start with potential rally or major wiggle at 1PM CT. Yesterday only generated 300 intraday points so I would look for a wider range today. The Post call is just a guide, the range is the bigger picture.
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IDS 20 Scalp Trades. View arrow for play. These add up as you wait for the Runner that may show up. Hopefully you get that one correct since you have e been waiting for it. Focus, block noise and execute.
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Playing the Long side on each Dip has been working, may see a shift or less conviction for a break or rest.
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836 Hit near Target, needs to pass again.
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Holiday Long Only Grinder so far. Every dip getting bought.
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963 is next, on Long Side.
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913 is pivot
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850 retest possible
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Retest, Should bounce
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50-65 is Back up or head fake and retest 50
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Head fake, watch Bottom 1st 30M.
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This is normal, trade was Close Long at Stall and short to 850 and waiting for head fake to play out.
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KL's
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NAZ at 11810 is about mid range and will wait on Fed Minutes
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11750 NAZ is flat. Notice the intraday points generated. NAZ will give another 200 hundred or so. You should have the 1st half of point in. If you shorted to 850 and held, you are on fire. One more run on the way.
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Long developing near 11760, waiting on Fed.
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Divergence below usually works out, waiting on Fed
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796 is KL, mentioned it yesterday and back today.
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Sneaky Low Volume games. They scare people out of trades. This will most likely go back up 840 or so. 11760 set up has played out as example. I am Flat. Waiting on Fed.
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The circles, whenever you see these look for the opposite move. May see a drop here or not since Fed.
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Back to Top and now back to 850
Trade closed manually:
840 EOD
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Just look back at decent or many up moves. They happen in O/N or strange Open session periods such as Dead Zone or final 10 minutes/close. The Holiday run was expected as this would be similar to O/N type PA. Markets are rigged and propped to upside. From now to Monday Open, we will most likely see a lift that will be retested. he chart below will show the 3 up days that support this level. 1 huge 1 minute pre Open and 2 Holiday light volume days. Pay no attention to anybody that does not trade intraday. Have a Great Thanksgiving.