NAZ needs to retest 12588 and head back to Open Drive base. Looking for Pop/Drop PA near or during Open Drive tomorrow. All Dead Zone and BTD/FOMO strength (usually wrong and late). Smart Money is ready and waiting to exit. May be early, white arrow is Long target.
Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.
Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.
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O/N lift underway, as forecasted. The key point at this time is that the O/N and Dead Zone price action is after the Open Drive. The thing to look for is what the OD does with trades, this can be selling with lift in DZ or buying with lift in DZ. The DZ and O/N usually lift (lower volume). The 1st 30 minutes are the institutions with huge volume, this sets the stage or tone for the day. The Sneak lift of the O/N and DZ will be welcomed by the Smart Money firms when they exit/sell (as the prices are higher). Watch for the day (could be tomorrow) when the OD sells off and the DZ follows. The clue was today when the intraday price action was sold off at 12640 and after the weakish lift just continued. You can be Long and I did call the target of 730 at close and 12800 in O/N, just watch the snap (possibly in OD).
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The divergence below is usually not good. May be off since O/N, just a note.
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Traders need to be 1-2 steps ahead. Lets see how tomorrow plays out.
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The circled Turd is what I have a problem with, at this time.
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So the circled Turd in above chart is being tested, as questioned. If you are trading the daily Post, You would of gone long to Upper KL and the at stall/failure to pass Shorted to 12730 (next lower KL). The Divergence chart does play out as a Short from propped O/N lift.
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IDS100, yellow arrow is Monday (strange lift day #1), Circle was original lower target (prior to U Turn parade this week), white arrow is adjusted lower target (should NAZ stay under 12800-50)
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Daily chart going back to May, 22. NAZ needs to get above, retest and go higher. I just do not see that with internal PA. The games/tricks will not get that done, FED is out for awhile so what will push it up?
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Here you can see the quality of the questioned level and NAZ below Top
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Back later, You should be Short from above. NAZ may have used all the U Turn chips, we will see. Open Drive is usually selling 1st, so this may be the 1 way (no U Turn) that I have been looking for.
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You have to question the Turd itself and the Turd placement. Was the fake move just the Stop clean out that I illustrated in yesterday Post? If so, where is the lower set up? Below 680 is freefall to 588.
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KL 662 has to hold, you can look Long here should NAZ hold.
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Trend still lower, counter Scalps will be a play. Choose your trades.
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Counter Scalp is taking a Long Scalp against the Short Trend or vice versa. Somebody asked. The Diagonal TL (Diablo) is what to watch today. The NAZ has a very very hard time with these. Many of the pieces are coming together for a down day, may be today.
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12740 to 12540 should be range today. NAZ may float back up some, any stall may try for 580-40.
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Watch the KL 12662 and any fake moves up during Dead Zone, Open Drive should sell off and the 1 way move should play out. The U Turns this week during Dead Zone have been to offset this drop. 588-40 needs to pass for deep drop.
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Today is an outside day reversal, all signs of deep drop.
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Dumb Money will lift and Smart Money will sell into it.
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Lower Target hit and you should be out of Short there. Was out of office. Now under 12662 should drop back down. DZ will stall out and drop. Smart Money unloaded and pattern should continue in final hour or tomorrow Open Drive, O/N may sell off tonight.
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Just Scalp KL's
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The key with my program is the trading at KL's and understanding the expected direction changes based on TTZ's (Trading Time Zones). We are in the Dead Zone and the DZ usually will lift up, stall and drop when we have a sell off. This has not been the case with the U Turn mystery moves. The open statement will also help, the Smart Money move did drop back to OD Base. Now the battle will play out. The lower volume TTZ will lift until the hammer is dropped by the larger firms. Again, they want to sell at higher prices or this hold could confirm the PA that just keeps going higher. I just do not see pure strength and more rigging and games and is why I am leaning short during the run. many points on both sides so play either way or both.
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Now watch the Diablo
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12690 to 12734 is the Turd range, NAZ should stay out of there.
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12640 is in Mid of Range and will move 100 in a direction, looking lower but may see a pop prior. At this time the NAZ is somewhat in ahold pattern. May see 12588 hit pop. This is a low probability zone and is why I exit at targets. You can get chewed up in here.
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Try to trade on the Edges, much better.
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Turd move from 12630 to 12662, looking to set up a Short are fake out.
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The yesterday stop clean out was what set this up, now the opposite may play out or they may look to clean out near Diablo and go lower. It is hard to say, the FOMO/BTD PA makes it harder and harder as every drop lifts.
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Most likely no pass at 62 hits 588 for bonce back to or near 62.
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Wait for next Pop Dart and stall, may pass 62 a bit.
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The longer this goes sideways, the stronger the Dead Zone gets and will most likely lift.
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Tl retest, pass is Long and no pass is Short.
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Divergence on IDS20 and at Turd Level.
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Look Short Back Under 62 and staying Under.
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Now under 12690 should 62 pass.
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Back later No Entry on Short yet.
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Just a grinder to last hour. This is why I rarely trade in Dead Zone.
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12660 to 20 is range and No trade zone. Waiting on break out.
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Every drop pops and every pop drops. Ticks are normal.
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H/S on 30M.
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Short under 12680 with stop at 12700 is 1 play. Next would be Long above TL at 126800 with stop at 12650. Dead Zone has us conditioned on the Long side. TL Break will run and could be head fake Long.
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Diablo is blocking, still a lot of time here. Big move is on the way.
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Diablo and Turd level seem to be holding
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12670 is level of sell off pre Open.
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I doubt that NAZ can pass 12705
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12662 KL Short to near 12588 would of worked for Scalp, Now heading back to 12662. I am Flat as the range is still 40 points or so. These KL trades are almost 100% for scalps the past few weeks. I may just set these and go.
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588 break goes to 545
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588 hold goes to 662
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For reference the trade would of ben Short at 662 with stop above with target at 588
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545 hold goes to 588
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Watch 30M time change and Ticks for entry.
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100 point move here look for reverse at 12560 or bounce off 545 watch ticks.
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12460 is lower KL
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545 Long may happen now retesting. Watch Ticks for entry if going.
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This may be the way to go, I will tighten this up.
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Pretty simple, the close is random and tough but place trade at KL with stop behind with double contracts. Example: Long at 545 1 contract with2 contract stop at 530, should NAZ blow past 545 toward 460 you would be stop 1 and short 1. Get the idea. NAZ Holds at 545 you are good.
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Apply idea to the close and you can see the results.
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Retest lower Target may bounce. Back to 545
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Again entry at target with stop behind and take profit at KL 545
Trade closed manually:
When you make money on the way down, you have points to use to take counter move off a KL. Just trust the KL's. This will help with whipsaw moves that are too fast to trade. As long as 12486 is held this should go up. Or you could short to 12460
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486 long with stop behind 460 like 450, watch ticks and let it ride, you know O/N will prop this back up some. Ticks are not bad here.
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12500 is mid 545 and 460 the 2 KL's, perfect.
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Retest 486 is next
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Load up long on retest hold and place stop behind
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545 pass goes to 588
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move up stops.
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Stalling fall will blast higher.
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Long above 12460 for now. 12486 retest #2, Here we go, blue is final hour. You should be fine on points and use them on the counter trade STOP.
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So you could of just taken the Short and not the Counter. I will be using the format in future days so get familiar with the lingo and plays off KL's. NAZ at 12478 Now, great example and close of the day that was really a strange 1 way with 2 good shorts. No more staring at your screen, take some shots.
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IDS20 with Shades and grey KL's, use these tomorrow. The NAZ will climb back up prior to next drop. The O/N Riggers will most likely do that.
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12690 Turd Level did hold NAZ back, I will find some more. TIPB is very reliable.
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Seems like many on TV got this one wrong. Just felt it coming and it gave you 2 chances to get. I got the 1st and practiced on the 2nd with KL's. The counter trade in the close was not needed, however NAZ is back at 12480 level, should pop is you are going in O/N with, just us a KL to exit and reverse.