NAZ with weak buying price action, looking for slight sell off. Hitting upper channel and Box Top.
Baseline Chart
Baseline Chart
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Example of IDS 27 Short set up, white arrows. Yellow expected range or retrace zone.
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Diag TL usually is a big problem for no strength in the Open NAZ
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Short to 11580
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11660 and under, 20 point stop.
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The white arrows are early signal of fall or NAZ will Rally higher. Currently we have a Divergence from price, expecting a drop.
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20 point stop hit is worth the risk as NAZ is stalling out, why won't it go higher? My thought is another Long Trap, we shall see.
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stopped -20
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10YN is lifting, watch any change.
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11664 test to show up.
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11729 is pivot, should see selling back to 11664
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From 11664 to 11685 looks weak, Grinder.
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10YN is dropping.
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11660 was Good Entry Short and NAZ may have gone up 50 to clean out, may drop here some. Back to 11660
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10YN is dropping some.
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The back and forth are clean out of stops and will most likely bounce off 11670
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Some Divergence on IDS 50, may see snap. play shorts until hits recent high.
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11670 hit and bounce or not
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MOP 11700 to 11660
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11675 Hit. NAZ back in Box or will stay out.
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11670 Hit, 11664 is KL
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MOP Plays, stepping away.
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All we can do, I missed Open Drive as I was on a train going into the city. Great Short set up for today or later this week.
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11664 break went to 11615 and back to 64. Looking like head and shoulder with 64 being the right shoulder. Nothing but stalling since 1st 30M. Use stop on Longs.
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I doubt we see my lower target of 11030, that would be crazy but not the first time I have seen a staller just faller.
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Note, If you switch to IDS 20 you can see these snail moves better.
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IDS 20 Scalps
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Crazy, I use 20 during the Holidays. That is how odd PA is currently. Bigfoot is coming for Halloween.
Trade closed manually:
NAZ lower 100 in O/N.
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Approaching the Box.
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IDS 50, white arrows are Air Pocket development. You can see the price rise and then eventually fall. The red above with falling volume/strength is the weakness.
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Below 11621, NAZ going back to lower MOP.
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Very strange to see the Open Prop and the O/N drop. Tomorrow may be ugly.