NAZ will need to get through the upper sell zone (box). A pass through the zone, an up away to upper Box test. Rejected at zone, back lower to Fib level below. Again, 1 big day after 3 lower and still no limit down Overnights (YTD), I just feel the NAZ will retest lower prior to the true rally out of the Bear.
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BL Chart
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Box Time, still some time to go in Box.
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All Boxes going back to last year have been similar in length of time. Bear market rally is most likely and retest lower box prior to move higher. Box time does match idea.
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Using IDS 27 today, buy signal at 12505, needs to pass 12563 and stop just below low.
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IDS 50 left / 27 Right, 50 shows NAZ is still in Short and the recent lift on 27 is a retrace. Pass at 63, then no pass at 92 and NAZ will retest low.
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White arrows are key moves/30m candles, this was the move. Just these periods. The Overnight had half and other was typical Fed reaction Algo Pop. White Target arrow is what I feel may happen today. Will be out some, scalp your trades and watch for the drop. This would be a great time to reverse/flip the the trapped Longs. Go back 4 days on my posts, I mention the upper sell zone and what I felt the NAZ would do after rejection. the 132 bounce played out too fast.
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No pass at 63, mentioned 12564 as KL ti watch yesterday after close. Still NAZ is in between on IDS Charts
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Will be out to mid Morning. IDS is effective for scalping, I many times do better with trades that are in between to points. I use more contracts and play the likely moves to upper or lower target. Missing the bigger move is not such a concern and many times actually harder to catch. Keep this in mind if you are using IDS.
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1 poke in sell zone, will need to get through. If rejected during Open Drive, they will sneak try again during DZ Dead Zone. Still staying with, Lift to Box - Sideways and Drop.
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IDS Update, Red arrow Long, Yellow stop and White is add. Dash line is projection.
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Look Strong Short on next 12650 rejection.
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The idea is that NAZ will Drop/Pop should it get rejected. 12500 for bounce zone. Need to see Short play out 1st.
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See the game and the trades that are available. I can't type them all and trade at same time.
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IDS & Ticks are about all I watch when I get serious with Scalping or gathering Points.
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12500 Hit. Target HIT XRay Vision Trading
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12500 Sneak Pop is most Likely NEXT. Back to Sell Zone.
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You should of closed short at target and looking Long after confirm.
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NAZ under 12564, what did I say. This keeps happening so Sneak Pop may be Sneak Flop.
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5 Short and that is Final.
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No stop today, letting it go.
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Do not follow if you do not have points to play with, Aggressive counter and probably early trade.
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Slow creeper roll here at short level 12500. Head Fake or bust. NAZ at LT TL (White Line), needs to get under.
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Stepping away, Going South to the beach with the NAZ.
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Back from beach, Still looking short, no loss yet gave back profit and still in range.
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Flip or stop at 12675, was early again.
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Sneak Pop failure so far.
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Double Top, No Box top.
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High Ticks, Drop should follow.
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Great place to short.
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Stopped - 250
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reloading at 12680
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That should be it.
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Battle zone.
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Stop at 12700
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Free Fall ?
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3rd rejection at Sell Zone.
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Ba Bye?
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Stop at 12680
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12600 is 1st target.
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Profit taking and shirts have to show up or Box Top.
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Closing at 12640 +200
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Will reload on Stall near 675
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All this movement and nowhere new
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Range day for Scalps
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This is not REAL, just another Prop. NAZ has gone nowhere.
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Will test 33 again.
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675 Test is next big MOVE.
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Battle continues.
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Shorting at 12675 10 point stop
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33 then South
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stop at 12675
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Just count hits at Resistance, then go opposite direction with close stops.
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Like I said down below, Gathering stops and heading in opposite direction, last man standing wins.
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DZ is tough with Low Volume and such. Stepping away.
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No more stops, should take off now.
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Bounce off 650 is most likely a head fake or last clean up.
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The idea is that the Riggers dropped/Popped to create a better short for move lower. I just am getting impatient with the games and Shorted early because I had some profit. I do not think that the NAZ is strong or bullish.
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Lower stop to 12650
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See the game, it is all a game.
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For now the Sell Zone is in tacked. This drop should accelerate. May float up again or twice. 633 is now the KL.
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643 should head south, leave atop at 650
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High Ticks and NAZ is dropping ??
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Stop hit +25 or 125
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Battle Zone Fun. Stepping away.
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Earlier, Short trade turned into a Clear Long while I was at the Beach.
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Long side is trying to win the Battle, Maybe AAPL is looking Really Bad?
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NAZ is Vertical and looks mechanical. Shorting 5 at 12729
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Stop at 12759
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This not real.
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NAZ Tested Top or 1st 30M 12653 and went a bit lower, then popped out as if it was going higher only Trap The followers. Will now retest 12653. Lowering stop to 12740
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When the Price moves quickly near a high and not a tick higher, You are at a Top in trend and should take a counter trade for a quick scalp. Testing that now. Just shows a lack of real force as the NAZ needs to keep dropping then popping. Lowering stop to 12729
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One of these MFers' should Run for the fences.
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Lowering stop to 12709
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Sop hit +20 or 100
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Testing sell zone Top now, could POP and it should IF REAL.
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At Yesterday high, No Real Gain. This will drop big if back under sell zone.
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Prior Arch could be half of Double Arch or M. Throw an Arch over this and you can see. The paste chart feature is not working. Box Top and Sell Zone stall is setting the stage.
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Major divergence at IDS 27, could see drop.
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Shorting 5 at 12741
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Stop at 12791, Targeting 12650 & Take Profit. Stepping away. Playing Knee Jerk Negative on AAPL.
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VIX Looks like it wants to Bounce.
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Back in the Sell Zone from 12760
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A Real Strong lift would not will so slow to climb, just looks funky.
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Stop at 12765
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Stop at 12741
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Stop no loss
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Should see drop in final 5 m.
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Not much strength. Stops Kill.
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Short 5 at 12735, stop at 755
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Stopped -100
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Short 5 12830
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Stop at 12845
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Stop at 12830
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Back in Box
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Closing at 12800
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+150
Trade closed manually:
Tough Floater day.
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Nobody left to buy, will most likely come down
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AAPL just reported and NAZ is way up, where is the Recession definition drama? That can not be the end of the Bear?
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We have to get smarter. The points for today came in Overnight, only. The yesterday high and final 30 minutes and AH made all the gains. This continues to be the pattern.
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NAZ at upper Channel, should drop by Tuesday.