NAZ fell below KL 16922 and held at support of 16900-910. ML O/N is 16924, Boxes are target and TZ's Turn Zones. White arrow is long zone and yellow is Short. NAZ is still inside the Outside Day Reversal of Wednesday and O/N High of Thursday. Need to see what the Open Drive of today will show, pattern has been 1st move drop with lift in the Dead Zone. Look for the same and any stall out may drop quickly to FA below 16790. KLOD is 16906. I will update on Teams.
Current Air Pocket above 16910, look for retest.

Current Air Pocket above 16910, look for retest.
Note
Play Edge trades today. Top/Bottom of range opposite direction back to Mid of range, O/N and Open Range H/M/L are KL's to play.Note
16940 and above are FA's, will drop back after Rig up.Note
Pump/Dump developing for Open.Note
New O/N ML is 16950, prior TZ. Above TZ is Prop to offset O/R Drop.Note
Divergence on lift, look for drop to ML O/N or 16920Note
Again all O/N on gain, will need to Open or Reg Session do something.Note
17010 Hook Short DevelopingNote
Let Ticks pop and drop on any ShortNote
Watch O/N High and below, may rotate around or sideways and then drop test.Note
Hook Time or POP.Note
This can go on for awhile careful on Head fake.Note
Needs to get and stay under 17000 for strong ShortNote
Funny they just Rig it up, Peg It and Grind it sideways until you get shaken out.Note
100 points from support, look for TZ Drop.Note
This move up is Head Fake most likely.Note
Has to break out of O/R now Short under ML O/R 17015, has to stay under that.Note
This is like walking down the stairs, running, tripping and then falling.Note
Short was good but bounced, expected. Thing to look at is the O/N High and ML O/R, these are now resistance.Note
Just like every day, every moves will come back on previous move.Note
NAZ still at O/N Rig High and nothing more. Not sure the strength is there to take it up.Note
Here we go, under ML O/R and O/N HighTrade closed manually
Going to let it run and Have a great Holiday. Outside day reversal #2. 16814 would be that target.Note
A tip and something that I have noticed is to play the Overnight Ranges as the O/N controls the Range (most of the time). Then when the Reg Session starts, plat the 1st 30-60M range 2nd. Try it and just let the NAZ run the the H/M/L of each group. Merry Christmas!Disclaimer
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.