Red TLX, Long above and Short below. Algo's are back, final 10 minute 100 point rally and the internal PA has gone stopped the jerky push pull. O/N propping is likely tonight. Long weekend may change things mid day. Hard to tell, today and the tonight's O/N prop may be drop offset moves more than buying strength.
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NAZ moving in sideways 60 point channel, Scalp Up/Down, Flat near release of Jobs Number. EU is up, Asia Mixed. Pop to slight drop today is my feeling. No Pop in O/N is very odd when other world markets were OK. This slight drop is most likely a Long Set Up. Pivot at 205, support at 12160 just above TLX.
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Above 72 should be good scalp long. I think this slight drop is over.
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Yellow is retest, IDS is reliable.
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Divergence on way back down
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Take profit and short signal
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Above when red and white, no trade zone.
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I do not know how people trade with time based charts, can't see the internal move.
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Yellow line is look short under zone.
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Under Red will target lower yellow line.
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Circle, less that 5-10 dots is Pull back or retest long. White dots confirm long when no red dots.
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Need to get ready to switch TTZ's PA, may retest lower after OR.
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Somewhat narrow range, stall will drop.
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NAZ did test the Red Line at 12284, watch divrgence and yellow line.
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Look Short at 12395
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stop 20 above.
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Strange push from 12380
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Drop or close short
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-20 stop hit, this should fall.
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Note sure here looks fake, can go on for some time, reload short later.
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Reliable, lest see.
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Short was early, this may drop later.
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TTZ's NAZ not much higher thane O/N high.
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Targets
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Inside top 1st 30M.
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DAX up 3%, NAZ will Fly up or Drop big at EU Close.
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NAZ is here on half day run and 100 final 10 minutes and O/N pop. That that strong when you think about it. Could be Long Trap or it may work. Careful on Long side, could be gathering stops and take off in opposite direction. Upper target is top channel at 12520
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Now push pull jerky is back.
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Getting both short and long signals, Range is 12381 to 12420. Retset at 12400 and pop or sink. Looking Long just can't commit on Friday and long weekend.
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Arrow is Weakness and fake lift.
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12400 retest here we go
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NAZ just retested the 12400 from Under.
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Mop Zone, The early Short is normal, I need to wait a bit.
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What fake weakness looks like.
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When you see the push pull jerky show up, look to the Short side. Yesterday and this morning WAS a drop offset. They have been doing this all year. They may try again by day end. NAZ needs to go past bottom of 1st 30M.
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12125 is lower target should this continue.
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12292 will be trace target from 12200. Close Short above 12245
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Just wicked, DZ not lifting today.
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DAX Futures is now .80%, global effect.
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TLX is bounce or big drop. 12120
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TLX may be low, close next time near or now.
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Should bounce off and retest lower after lift.
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122840 now
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Sorry for bogus miss, going lower. Watch the 30 or so below TLX then Snap Back.
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Outside day reversal would be past yesterday low This may be what is happening. Notice the GAP fill from yesterday PA today.
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May see another drop under 140 with under 120 big drop.
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On original post, may see a hit of both targets. For now 40 point snap back from 120.
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Highlighted are Mop Zones. The close may be the curveball will lower and why the 2 directions.
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Why the TTZ experience does help. Under 120 and under retest and lower, above is higher.
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Still mopping.
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Price will take off out of Mop Zone.
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Mr Clean Mop
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Usually goes in opposite direction of the last major Mop
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Looking Lower
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Slow Mops usually create big moves.
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Now looking Up.
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Is this the CLOSE??
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Looking Lower Now
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Shorts away. I can't take it. 30 stop
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Stop at 125
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out of Mop Zone and still hanging, may get stopped here.
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120 ish retest.
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Ticks look good for short side.
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This is where many will go Long with an Edge trade. Which is OK but on the close on a Friday, I would not.
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Since they agree, that is why the NAZ did not pop so far. Stop at 1090. I will keep lowering it.
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This should inch worm lower.
Trade closed manually:
See how they do it, 100 points from Mop and you barley see it move. Have a great Holiday. Closing at 12045
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Last Mop Trade, Circle is Mop, Retest arrow and take profit arrow. NAZ will go back near 120.
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White arrow is 1st trade (big action) and yellow are the others (bigger reaction). The stalling NAZ will usually drop more than the day low (current prior to drop) after a decent pop. The fake PA of yesterday pretty much set this up.
Look LONG tomorrow as you can just feel it. You also need to take into consideration that QT starts this month, this will be negative. It just feels like the current drop was getting deeper in the Danger Zone and the half day Rig was needed. Much will be needed to get & keep the markets up over next few months.