Key week for balance of year for the NAZ, be ready to trade. Key levels for Monday: Long above 15250 and Short below (Slight slant TL White). Upper Target for Shorts 15440 (Short is preferred 1st or Long should NAZ break through) Lower Target for Longs 15125. Notes: 15490 to 15125 is the No Resistance Zone (on way up and now no support), should NAZ get in zone it may drop like a rock. 14850 is Lower TL X that would be a Strong Long, should we get there this week. Solid Yellow are Strong S/R and dash are Weak S/R.
General rule recently: Prop in Overnight is Drop in Open Session. Drop in Overnight is Pop in Open. This has somewhat been stabilizing the NAZ since 10/12 and 900 point run. Few 'Air Pockets" remain and we may see a Drop & Drop this week. This would actually set up a better case for a rally to new ATH's. Short rallies, buy dips near Key Levels this week. Go in the opposite direction at key levels.
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As we get into late October, understand that we only have about 1 - 1.5 months of good PA (price action) before Holidays it. Some followers are struggling with pulling points on trades. I would REC that you review previous day or two intraday comments that I make. Many times I make predictions about next or next few days that play out. Example: 10/21 price action made No Sense (my view all day) and on 10/22, it played out with give back. The Overnight/Open "Air Pocket" statements, historically have played out. Also, try and follow the Drop/Pop to Pop/Drop flow.
This week (start of 6 good ones for 21) will be yours to keep (points) and may start you on your new journey with trading. Also, trade more, do not be afraid to trade. Net positive points is our/your business.
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1st Range tonight is 15313 to 15345, buy at lower & short at upper or let pass for next round.
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Still better to play Short from upper and ragtet lower. This will change once NAZ break Diag TL. Do not get caught going short at lower range or only Short from upper for now.
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15256 is lower Pivot, Long at Pivot and Short too 256, is a move, FYI. Long back up to mid pivot at 15358. See if these play out.
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NAZ broke Diag TL at 15320 and stalled at Friday bottom of 1st 30M Open. NAZ usually gets Propped in Overnight, Drops in Open and then decides/plays out next move. This is why I mentioned to not short at lower range. NAZ Range is 100 PTS, Mid Level is 15340, NAZ may drop near prior to Open.
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All 4 Update, Next logical is mid or lower channel. Drop & Pop to get higher?
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Range of PA in channel this morning, 15370 is upper and 15336 is lower. Look for NAZ to bounce around and turn at these levels. Short under 70 and Long near 36, for now.
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Might be early, lets see if this plays out. 84 is strong resistance and key level.
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Note: NAZ Overnight Propping is effective and can turn the NAZ Long after a big Short day. If you Short today, only at Highs and not lows. 75-85 is Short Level with 95-90 being Stop, the idea is go or get stopped, do not get caught going wrong way on a Long Prop. Short target is 40. Odds are next move is short, keeps in mind the bigger move may be the Long after the short? You choose which to play. Shorting Now at 90's is good play, wait until 7am ct or 7:05.
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Switch day, NAZ may switch to Buy at 30M Lows. This is switch from Friday. For now go with NAZ long above 15340 and Short below should it go under and stay. If you are short, short to 40 and cover/reverse should it stop declining.
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Hit Upper Target Range and stalling, look for Short to play out here.
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NAZ may retest highs prior to dropping. Do not short at low of 30 M.
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Long near 40 is most likely safe play.
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NAZ is ringing at key levels mentioned, you just need to see it. Stepping away.
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Update 85 is Key, Long above and short below:
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NAZ basically tested lower on drop from 15434 and bounced. Switch day will confirm should NAZ take out todays High. 15372 is strong support, expect Dip Buying at some point today. Russell is key to watch today.
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If you are long, 15445 is target.
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Should 15445 get hit 64 is next. No pass at 45 or 64, look short.
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Update, new paths to follow. NAZ looking sideways or stable: Other 3 are looking the same.
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Slight rejection at 29, watch the level.
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45 Hit, 64 Next (62 current high), 83 next should it pass.
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New Box, will be shocked should NAZ break trough TOP:
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Short under 15485 for pull back to 15420.
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15340 Long trade Close at 15485 and Short to 15420 or below. Stop on Short at 15495.
Trade closed: target reached
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Final Trade above, leaving for the day.
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Stop hit, re short at 95 with 40Point stop, TSLA up 10%, will give back some and take NAZ with it.
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Adding to Short at 15.
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Taking off stop as divergence is developing. Not REC for trade, Low Prob Trade.
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Rising on Neg Ticks, usually sign of game being played or head fake, could be wrong here. Only one way to find out, Short the thing.
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NAZ has no business being vertical today, Big counter move on its way.
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Adding another at 20. Looking like Pop Offset move.
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Projected close 15450. With days like today, ask yourself, what changed between Friday and today, nothing. I may be early, but counter move is most likely to follow. Let it play out and take hit or get ahead of the move.
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Move stops on this if you are in, could pop back up. I will hold for a few.
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3 Shorts hit 15450, Closing.
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The 15450, 90 PTS dip may set up Overnight Long, watch the upside propping in Overnight.
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Divergence was the key clue on Short Trade, still seeing some in NAZ, careful in Overnight should propping get crazy.