Look for direction changes just above TZ. White is Long and Yellow is Short Target. Not much to say, now Wash ST Hedge Fund Services wants to push out quarterly reporting. Too much meddling, this may end very badly, let's see how Fed day goes this week.
Note
Weak Rig, Go Fed.Note
PT Barnum will get sucker punched, going to get real folks. Note
Pure Garbage, nothing doing in Reg Session, again.Note
Trick Alert, 500-530, pop or drop. Could see a Head Fake LongNote
9/17 Update, The previous trade completed and we now have Rocket Move (1 way) Fed Day. Notice how long many calls take place, forever. We use to see Fed Days that would battle (up/down) in 200-300 point ranges, and then move 1 way out. I will stay with the clean out of fluff and go with the drop move, not a 1 way but an eventual (after all long attempts stall).Note
Long Trap BAIT over past month or so.Note
Word salad on the inflation, may work for a long move or not (if you are human in the real world).Note
These mild Fed Days are puzzling. The no selling market is just not sustainable long term. the NAZ will have to balance out the 90% buying with some selling. That selling when it comes will be quick, heavy and deep. Just a warning. Note
The yellow arrows are Reg Session sells, the past 8 of 11 days. These are followed by dead zone and O/N redirects back up. Just notice the hours per move. Each drop takes much less time while the lifts are much longer. When the redirect lifts stall out or fail to show up, the significant drop will be next. This one today is up/down in the range so far. Note
Moving into sideways to higher lift, this has been working and may just keep lifting with some quick drops along the way. Back Later.Note
Stop moved to 800Note
Wash ST Hedge Fund has been playing games that retail is buying. Go back to the "Time To Buy" play, before the 10 minute 12% pop in the NAZ. Then the Intel "CEO should resign" Tweet. This was setting up the drop that then was followed up with the Gov't stake in Intel. Now we get the NVDIA news to boost it higher. These along with O/N lifting is setting up some clear signals, just waiting on the Drop Test of all this noise. All new territory for trader's and impossible to gage. Scalp Shorts until the bottom falls out. Trade closed manually
Just insane how the Reg Session rarely lifts up and most upward activity comes by way of the off session overnight. Staying with the Short play after stall outs. If NAZ keeps dropping, watchout for the Tweets and Dead Zone redirect tricks, these will shake you out. Have a great weekend.Disclaimer
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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.