NAZ is saying above Launch Zone from last week (16810-20), break below and rejection back up may send it lower to 16000. O/N ranges are tightening (past few days) and O/R's set to change direction for Pull Back. KLOD is 16812, Lower FA at 16730 (1st bounce target) and 16630 (2nd). Last week of somewhat normal trading with best volume, after will go lower vol with potentially whippy upward PA into next year. Low Slow Volume days have been snail lifting up so careful on Short side unless you see good push/pull PA. I will update on Teams.
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Monday's usually move up (80% in 2023) and Open Range/Drive usually has a move lower of drop test with Dead Zone lift back later in day. Should this Monday not follow the typical pattern, it may set up 1st half of week for lower drop test and rally back once we get to low volume holiday type days or have a few huge O/N runs up. Games are not over to the upside, some pro's and smart money may start to exit prior to the bigger dipper/drop. Should we get a drop, just watch have quickly it gets back up. Slower than the slow PA that we already see is bad and quick is Longish bias.
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IDS50 with Divergence as NAZ stays above 16810-20. O/N will hold it up until Open Reg Session.
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16840 may have 50 point move up or lower with redirect for 100 from move stall.
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Current Volume is on lower side as compared to other days, Good Luck and BTD/FOMO Forever.
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Going back into O/R may retest ML O/R
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HIT, ML O/R may bounce
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Scalp, Long above ML O/R to O/R Top
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Top Scalp Hit, sideways to nowhere from here.
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1st Drop Test
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Under O/N High is what watch
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Under 890 ish may be decent next Pull Back
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Above may float higher like a SNAIL
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16910 NAZ may snap here or POP, move on the way
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16910-37 is stop clean out and look to Short this on Retest fail under 37
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SZ's are targets on drop or rejection
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Channel rejection or To the Moon on Low Vol
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Vol is 25% lower than Friday at this time.
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Going to be tough as the Shake Outs on every Short will be wicked.
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Snail NAZ, 16860-960 is 100 point run ,may redirect now.
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Typical games, the lower volume and slower PA just keeps grinding higher and then you get a 100 point 3 minute drop.
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16968 can drop back to O/R or 100 points, next move is key as the Monday Prop is stalling.
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FNG1 should drop some prior to higher lift or it just keep going up 1-2% a day?? Not that likely.
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Should see another Drop Test by EOD or O/N, just too easy with the up PA.
Trade closed manually:
Shake out 1st SZ hit
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1st arrow, Long off ML Mid and 2nd was Short to SZ