After the drop back into the Churn Zone, we have a NAZ Triangle of Range. Upper circle is the break under 10/22 TL, Mid circle is near mid CZ and Diablo pop on 12/1 and lower circle is CZ bottom and U Turn Target. Open Range (Reg Session) is shaded zone (yellow arrow), white arrow is break out to retest Diablo and lower yellow will be to KL 24,910. Watch the counter moves (Spikes) prior to actual larger moves, Overnight Pump/Dump at Open Drive and of course the Tweets during the Dead Zone. IDS27 Friday Open to current Chart:

Note
NDX Chart, NAZ is under the Orange TL, at top of upper TZ. A retest of -10% level is likely (but will be defended by BTD/FOMO's). Key, the two previous 150% pops came after -30% plus drops. This year we had a -25 and just not sure the 58% pop will go another 100% or from here, may need to drop again or below recent low of 16,700. NAZ under orange TL is a start and what to watch. Note
Will update after the Open, may let this day playout some prior to calls. Previous weak/strange lifts played into two Long Traps that sold off with some strength/volume. Current churn zone is now tow months old. See stronger potential for a lower breakout of, rather than higher BO. Play range or pick a side up/down as the moves are similar in points. Note
410 is ML CZNote
Steady Negative Ticks, watch the dropNote
Overnight with another drop offset attempt, may pop in the Dead Zone. If not, the drop will resume. Note
160 is pop or drop zone.Note
Looking weak, expect a Tweet or lower we go in the DZ.Note
What is a MEME Coin and why does Bloomberg keep airing the article about Wash Street how it is making money off the a Pump/Dump? I think I see a connection to the O/N Pump/Dump play and that of the MEME Coin (Wash Street). I thought that government worked for us and not against us. Think we see the same Pump/Dump developing with AI?Note
10YN Yield is creeping up and BCoin is lower 5%Trade closed manually
Note
In other words, O/N is selling off and you not see it looking at NQ1.Note
The game today will most likely be to the Long Side. Yesterday the held the NAZ up (all day, after Open Drive), took it into the O/N (dropped it and back up, no damage recorded), now NFP in to Reg Session and most likely toe BTD/FOMO's will help to create another Long Trap on themselves. No Pop, Go Short.Note
NQH2026, Lower support today is 25,100 and upper target is 25,560, we may churn in the range until next move. Note
Long above 230 is the plan and under may go to low.Note
NQ is at 25,280 and under high of 25,400. NDX is better reference of where we are. NDX is on the Danger Zone Edge of falling back into the area that could retest -10% level below. The BTD/FOMO group will try and defend that off and is why we are stalling out. Just need to see the break out: 1 Long back up some and 2 over the edge toward -10%.Note
Nobody wants the NAZ to tank, except the Traders.Note
Above 302 should keep climbingNote
Hook Long should be next or major drop will follow, if not.Note
Above this range is Santa BTD/FOMO rally and below is the Grinch.Note
We need a Tweet to put into passing gear.Note
At this point we would think the sideways play is for the O/N to do its job, no go (sideways to O/N) and we may see the O/N sell big. Note
ALL Long Tricks should show up here, Spike, Failed Auction lift, Tweets, huge boost in final 10 minutes of the day, etc. These do not work or show up, expressway lower.
Note
NDX chart above looks like an M. Anyway, so much has been stuffed into so few (Wash ST Tariffs, AI and 8 or so Tech stocks). One tiny crack anywhere and the flood gates may open (except in the Overnight). Just wait for next Reg Session Open Drive for that to be tested, if so. Current level is a No Trade Zone (NTZ), Going with a SHORT at 25,342 anyway with 200 points Stop. May be early, not sure I care.Note
OUTNote
Just watch Short Side, many of you know I am usually early by half of day or so. Note
Drop should retest 345 for next move. Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
