Today's 200 points came in a strange way, 5 minutes in middle of night and another in final 20 minutes. Low volume and nothing but lifting with ease. Just not the usual NAZ. Again, most of gains come in O/N and selloff in Open after a pop. Dead Zone to push back up after the drop. Strange days and looking like a great long tarp. The NAZ is well above Danger Zone, this is for a reason.
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NAZ out of short term channel and back in long term.
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Looking to Short the NAZ at 13200. Will set alarm and review at level.
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NAZ gave back final 20 minute close rig and back at top of 2am 5 minute rig pop, out of long term channel, I have TLX at 13050 as KL.
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For those that use IDS, this a good example of a Long set up and Short. Yesterday when I was closing the Short, I missed the Long set up. This is hard to do, in the heat of the moment and requires a strick system. Whites are Long and Yellow Shorts. You need to match up the upper indicator with Price Action. The current drop (blue lines) are or could be creating a long set up. The upper indicator whilte signal line is key here and needs to get up for the Long to be higher probable. Point is we got the Short trade yesterday and missed the Long because of the mind set and not the system.
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13119 is the level to watch, Long above and short below. Stalling long will drop.
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NAZ is juiced so much with prop, I may not be taking any Long trades today. I will wait until all signals are solid before I take that trade. 13077 is looking Long and should go test 13119, lest see if it works.
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No go and dropped to 68, Notice the lower highs with white peaks. The price needs to break yellow line and retest for the Long trade to be solid.
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20 retest, Looks weak but these moves usually get propped then fall.
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Prop fade, prop fade.
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13119, did not hold.
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NAZ is actually not moving lower with force, drifting. Stay with 119 being the short zone with trailing stop.
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NAZ back in the Box and may try for 13000 retest.
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Danger Zone 12850 WILL HOLD as the defenders WILL Step in. This will be interesting.
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NAZ in Danger Zone, now you know why all the previous propping was taking place. This should be max drop.
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You can stay Short or try and trade any retrace back up. 12750 would be the zone and this is your call. You know the riggers will show up in the DZ, pop, stall and drop. Otherwise trail stop your short.
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Danger Zone low target is 12665 should lift from Riggers not develop, stepping away.
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12760 Long for 100, 30 stop
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They will try to get NAZ out of Danger Zone.
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Trading on the edge
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Stop at 60
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NAZ has moved less than normal, will generate additional points up prior to another drop.
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Pop to 850 and close or reverse.
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Weak rigger PA showing up, stop at 12780
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95 should bounce.
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Looking like retest, then pop.
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80 stop look to reload long at 60
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Good news is you closed the short at current bottom.
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80 hit +20, watch 60
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going to bounce, riggers have strength and do not want to EOD be in DZ.
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Plan for balance is, out of Danger Zone by EOD and prop Magic into Monday. They will spin the good bad or bad good play.
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CME 485K so far, decent.
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Long at 60 or close too, with 20 stop. Use profit on last scalp.
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12760 does not hold should drop 100. be quick with retest from under trade.
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Huge negative ticks and NAZ not dropping?? May see some magic here.
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Stepping out, retest to Short at 60 or pop up. Going with pop up and stop at 40
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stopped -20
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BTD, where are the RIGGERS?, this is too funny.
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Original Long at 750 was close, lets see how this goes.
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Long at 40 to 850. Going for it, RIGGER Magic will prevail. 30 stop
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A bottom stall on a huge down day is not good, can go either way. And on a Friday, do not follow on this one. Points to play with.
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Stopped -30. No Rigging.
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Long at 18 stop 30 back, 3 contracts.
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12760 close trade.
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stop at 18
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stopped - 0
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NAZ is frozen, feeling like a POP in works. Up 50% of drop. Lets see.
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Having fun today. NAZ stays in DZ we are going to 12400 - 200 early next week.
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Such a stall will require a lift prior to a deeper drop, that is why I am looking counter long now. These counter Longs actually turn into Long Rallies as the BTD's and FOMO's just push them higher on low volume.
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Crazy high negative Ticks and NAZ not moving lower, this is odd. Something is up here. 5-10 point moves.
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Trickle to 12665, mentioned earlier and just did not believe the Riggers would let this happen after all that hard work the 3 prior days. This is good to see and sorry I missed some.
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Wow, Mid Lower Channel 12600
Trade closed: target reached
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I just continue to struggle with 1 way day's. Too easy, today was 500 1 way and yesterday was 500 with 2 way action. The NAZ produces 300 every day if you look at moves. No Rigging or DZ action today. Previous days did build up a decent drop offset, we should be much much lower when you think about it. NAZ in the Danger Zone and October is a month away.
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200 away from my target from the Top of drop.
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Circle is Prop Drop Offset, 1st yellow is where we should be, 2nd is target and 3rd is target.
NASTY close after hours. Monday could be Black 2.0
BruceWayneEnt
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50 Day MA at 12,481, already broken below the 10 and 20 day MA
BruceWayneEnt
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20 Day Weekly MA at 12597.50 now trading below but I believe its more important what the market closes at not during trading hours but when it fully closes but I could be wrong.
digicool
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The first chart of this post has played out so well. Its amazing how easy it is to talk out of your own plan as the market moves. But incredible calls.
Closed right at the bottom. Sweet, bear market is back.
jakslo23
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Only an idiot would buy today after Powell's speech and into the weekend, and even all of the riggers with all of the BTDs, and all of the algos could not tackle it. The riggers are responsible for NAZ dropping 3% slowly instead of 10% rapidly.
MAZing
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@jakslo23, Hey now, they pulled me in to the draw. Got most of it. This is great though.
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@MAZing, I don't mean you or traders in general, but anyone buying actual shares, which is the main reason indexes keep falling now because only riggers are left to put hands under the falling knife. You are anything but an idiot bro, I really respect you and it does not matter that sometimes you make mistakes, anyone does. Sorry if you thought I am calling you out.
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@jakslo23, OK, yes I agree and do not understand why the retail investor falls for the easy trap. YTD, the BTD's are far behind. The smart money guys just keep feeding off the easy moves.