NAZ again can't hold on the Monday off session pump during the Reg Session and does hit lower zone of 22,920. Next trick is Gov't controlled news (released in off session of course) should that not lift it then KL's 881-780 may be next.
The NAZ will go lower under 780 and will be a Strong Short under 22,700. The issue is with getting past the off session propping/rigging (up). Circles to the left are drop target zones that are likely to be revisited as ultimately the NAZ goes sideways in a larger range. The current 14 day sideways moves feels like an Long Mop up or Long Trap. The NAZ will need Tweets, O/N Prop moves and Dead Zone magic lifting to stay away from the Danger Zone of sell orders near 22,881-780.
The NAZ will go lower under 780 and will be a Strong Short under 22,700. The issue is with getting past the off session propping/rigging (up). Circles to the left are drop target zones that are likely to be revisited as ultimately the NAZ goes sideways in a larger range. The current 14 day sideways moves feels like an Long Mop up or Long Trap. The NAZ will need Tweets, O/N Prop moves and Dead Zone magic lifting to stay away from the Danger Zone of sell orders near 22,881-780.
Note
Note
Keep on eye on this extended move, looking for some retracement back to old ATH and then under.Note
Circle to the left is the Air Pocket that needs to be retested.Note
Give me some big strong moves in the Reg Sessions and not just Overnight and I will stop looking Short. Until that, it just appears fake/rigged or gamed. Note
Look Long above Box and Strong Short below.Note
Back to KL 23,095 prior to open, not much of bounce on data.Note
Back after Open Drive to see who shows up today. Today should be a key day with next direction of NAZ. We have had 10 plus direction changes in the range, bust out is next (looking Short). Note
Open Trade, under 095 short to O/N low for reaction. No hold, we have a 1 way train ride lower and Hold would be back in range of noise. 095 pop above will just have to stay above or Short Open Trade will play out.Note
Needs to get under 928 or will Magic Dead Zone Lift all day long and then drop in final 5 minutes of the day.Note
Back later or by day end. Waiting on the selling, still scalping the Short Side until Danger Zone break through.Note
Looking Short under 23,040Note
Here we goNote
Push/Pull is chewing up the BTD Longs.Note
In the BOXNote
Bottom BOX Long test.Note
Watch the SP slow drop.Note
Perfect timing in the BOX, Washington Street is talking about Powell and other noise. Note
Any drop can not get passed the O/N lift or Dead Zone lift. We have divergence below on this pop up and the Close & O/N is next. These may keep it in range as the NAZ did pop off lower BOX.Trade closed: target reached
Done with scalping Shorts for the day. We have a potential Head of H/S. We will see and the Close and O/N Lift Magicians are up next.Note
Danger Zone KL 881 has been defended, we will see what happens with next moves.Note
Hard to tell since we are in the same range, this could be a Head Fake long. NAZ will need to go above 23,095 and stay above. Note
The Magic reference applies to the NAZ usually being Flat near Key Trading Zones (such as the Close or O/N). This is usually after a Reg Session sell off. Off Session Magic would be with the constant lift in the Overnight. Then you have the Friday-Monday usually Long Move. Trading Magic = Rigged Markets or some type of Trap Set Up (in the opposite direction). BTD/FOMO Forever (or Tuesday).Note
7/17 Update, Thursday O/N Magic, looking like sideways to EOD Thursday into O/N for F-M Long Play. I have highlighted the Dead Zone Long Move (after sell off, yesterday) and Overnight Long Rig. These are a set up into Open Pump/Dump or sideways to Close Thursday session that will stabilize the NAZ for Friday - Monday typical Long Move. Look Short again on Tuesday (should we not get a sell off). No new Post today, I am out.Note
4 HR chart with BOX. Look Long above and Strong Short under the BOX. Yesterday PA was a drop test inside the BOX, may see another should NAZ stall out under 23,200Note
23,200 hit and Short on any stall out under day high 23,300 or load up short above 300 all the way to KL 23,486 if you are playing the Turn Zone trade. Edge Trade, counter move should be magnificent as the likelihood of F-M Long play is most likely out after this move. Note
Under 217 is the key level to watch.Note
NAZ hit Mid Level of Turn Zone range and may go up next half or drop here.
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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.