NAZ out of channel today. Feel it will need to drop/pop to get near upper target. O/N may just take it higher and Open may sell it off some with DZ taking it back up. Push pull PA today at lower range, that changed mid day.
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Key Levels
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Powell to talk tomorrow, I did not realize this. This may explain the Box below, appears or looked fake during the day. I believe we got another prop drop offset to counter his comments or markets reaction too. Could be wrong, I usually sniff this stuff out though. 12120 was tough R/S.
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NAZ has a Diag TL to get passed.
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Usually it struggles with these.
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12246 is support and under will drop to lows or more.
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Long above 12246, NAZ should pop some. Mopping lower range.
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12300 is target on Long, stop at 12240.
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12246 scalp to near 12300 and drop for test.
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Under 12246 is most likely a stop clean out for a long back up.
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Sniffed out fake move from yesterday, Chart above. 121 is base.
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Pivot at 160, most likely a Pop is next move.
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NAZ tested fake move zone and is popping, expected. Play lower range should NAZ fall back.
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Scalp not included, just major Signals.
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Stay Long above 12200 or 12220
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12285 is KL at Top and strong resistance watch out for games around level.
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Doubt that it gets to upper target. 12400 more likely.
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Dead Zone did lift the drop. 12280 test maybe.
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Only 30 points above O/N high, Not much.
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Pull Back developing at 12370
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PB to 12350, bounce and Mop.
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How this works is at a Key Level's the NAZ will rotate around and pick up stops, once cleaned out (Sell & Buy Stops) the NAZ will head back to KL for another test. This whips the traders around and the Pro's take advantage of the Stop orders by heading in the opposite direction after you are out at the worst price. Yellow arrow is KL and Circle is Mop Area. Anticipate their play and follow them. Good Entry price gets pushed 50-100 points before the turn. This is many time just 20-40.
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12370 was my PB Call and NAZ may go the KL if no bounce at 12350.
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IDS 50 (right) 2nd line Grey, is usually the max drop and Long Entry with stop below KL and Add at KL. Scalp the Mop.
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NAZ stopped at O/N high, No Gian in Open Sessions and this is weak.
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Hard to trade in Mid Mop, you are late.
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Pro's appear to be done rigging up, for now. 12284 hold may try for new high.
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Freefall and O/N and DZ did provide a nice Prop. On Long here, only if NAZ holds at KL and retests.
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KL's back up and play opposite direction 1st.
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Short signal at 12285
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Whippy and no real strength since Open.
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Testing 12285 from Under and under Top of 1st 30M.
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DZ is trying, sellers above may be difficult.
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Strange but bottom of Mop Zone is bouncing more.
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Magical DZ!
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Just like that, Top is not far from here.
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I am Flat, watching the Mop.
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Going to be Wicked!
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Feeling like an Up lift and decent Head Fake that may work out for the Riggers. Drop Fake 1st.
Trade closed manually:
Slight Drop Fake, and Up we Go. 12244 has been holding all day. No selling at 2 2:15 CT is very odd, sign of rig work. Too strange for me, use a stop.
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Flat, it may all happen in final 2 minutes.
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Mr Retail trader, FOMO, BTD, makes it too easy for the Pro's and just confuses me with how easy it is at times. They buy high and higher and sell low and lower. Final 10 minutes will be your time to trade.
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The entire day has been strange, This close is what? The mid day sell off happened for a reason, could be smart money getting out. Strange closes and such just confuse things and are usually to up side. When things are off, go long or do not trade in the direction that you may think.
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Off course, Final 10 minutes. It will keep going.
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Same old tricks, NAZ gets propped 80 points in final 7 minutes and more in the O/N. The Open sold off, DZ lifted and then dropped only to get lifted again. Today could have been a drop test as opposed to Rigging. Thing is the drop today did not get bought quickly with strength and the close was pure prop. I see an air pocket developing that will give way. Prior to CPI, I mentioned similar tricks and we had that huge drop. Usually big drops do follow these types of rally weak days.
