This may be a bad call, just have a feeling this gets through today. NAZ needs to get through VAP "Air Pocket" on the right, should be easy and most likely prior to Open Session. Open may retest lower some and lift quickly back up, 2nd or 3rd stall out hit Your SHORT button. Strange intraday price action past few days to upside, usually proceeds a drop.
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Should EU markets stay up, NAZ will attempt 14673 prior to Open.
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Look for NAZ to bounce off 14600 and get through Yellow Arrow (Easy Pocket, VAP), next move.
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NAZ pulling back to 14565, Long Set Up, Buy It. Should try to Pop and take out 14642. 14642 has been strong resistance, try for Drop/Pop to bust through.
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14560 is holding, NAZ may attempt a run to 14642, no pass go short. May try prior to Open and again after Open. Again, NAZ is trading like currency lately, big bursts to targets and reversals.
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Watch 14312 and bounce, No Pass above was Short. 2 way trading until clear direction.
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So far we have had an Overnight Prop Offset and Sell off at Open, typical. Careful with Longs, may not hold.
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Now you can see why I make fun of the Overnight Prop and yesterdays PA and Mystery Pop. These are all fake offsets that prop the market up. They just add confusion, expect the same today. Where would the NAZ truly be if it did not have those.
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14177 is lower target on Short side, stalling NAZ is falling NAZ.
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OK, Lift in session off 14310. Play tops and bottoms of 1st 30M. Doubt highly that the lift goes 300 points like yesterday. Short it at half way or or 14457. Wait for confirm and retest from under.
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14426 looks to be strong resistance, short below and look long above. On Long NAZ will need to pass 14457
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Stepping away, Highly doubt that NAZ gets fake Pop today. May rotate and then go much lower.
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14360 bounce to 14440 was a 3 minute 80 point bounce, that is propping, get shorty should it not pass 14450 75 level. Why must they continue to Prop? What big drop is on the way?
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Max lift is 14516, yellow line.
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EU close and after, we may see US sell off. Algo's are liking the EU Pop. NAZ seems off today.
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Expect a bounce at 14400
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14360 Prop offset almost filled, expect another.
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Now NAZ will not lift with Good Ticks and Others moving higher. I am Long with a Trail. Will check back later.
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14476 and above is Strong Long, Needs to pass, retest and GO.
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Bearish PA, NAZ needs to get above top 1ST 30M. Not sure why it is struggling.
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Tough PA, propping just turns you around. Bearish days.
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The plan seems to be, Go Long in Overnight until stall. Short from High and let it drop.
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Watch for major prop.
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Not feeling it, watch final 10M.
Trade closed manually:
The fact that NAZ stayed inside the bottom of 1st 30M is good for the Long side. Expect Propping over the weekend, drop some on Monday. Any hold will bounce up.
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The original call (yellow arrow) was a bad call. Thought the Riggers had more power. When these markets break, tricks will not fix or Prop. We may see a big 500 point day to downside before any serious lift higher. Watch the tricks and do not get caught on wrong side.
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Feel we are due a big drop. Retest Fib .382 fail, then Fib ,236
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Quick note, I may not Post daily on Monday, just posted an update. Note that Friday had a Higher high and Lower low (outside day reversal). This could be a set up for a move higher. They have you thinking lower based on way NAZ closed, just keep this in mind.
