The NAZ appears to be due for a Drop Test back inside the lower range. F-M Long play and O/N lift moves seem to be loosing their effectiveness. Looking for a 22,300-200 target on drop and if not, look for U Turn under 23,300.
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7/13 O/N Curveball drop got within 20 points of busting loose lower. KL 881 is what to watch into Monday. Most of the major moves have been happening in the off Reg Session zones. The Long side games/tricks have been weakening, just watch the Tweets out of Washington Street. Note
Pre Open, just above 881 and day 13 in the range. Let's see what happens on this (usually Long) Monday.Note
Should NAZ go near arrow, it may head south or go sideways just under KL 881Note
May just be a simple Pump/Dump Gap fill drop play.Note
780 and under is Sell Order Zone and the Longs will keep it away for as long as they can.Note
Play or pop above 930-60Note
Shorts away under 960, needs to stay under 910Note
910, 780 then 700 or sideways to O/N with drop into Tuesday.Note
Strong Short under 960 with stop at 995.Note
Move stop and add short at 980Note
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Clean out and drop or to the Moon.Note
23,020 adding Short, Do not follow aggressive Edge Trade.Note
Adding more at 23,015 stop 100 up.Note
Looking for 23,095 and under rejection drop play into the Danger Zone below. Note
Back later, will be adding Short on lift toward the KL 23,095Note
Key day today, the Dead Zone will try and grind this out sideways until the Close and into the O/N. Should the hold fail, the NAZ will drop pretty big. May get stopped out as the sideways move is pretty stable and the Drops are quick so you have to be in them or may miss the drop.Note
Same old games, need to stay with it as the lifts just do not go anywhere, we will see how the O/N reacts or fake lifts it up. Note
7/15 Update, Well the O/N with 200 point pop (Not Reg Session lift). The typical pattern continues and just wat for the slightest version of real price action to return and the games will end. Long in O/N and Short in Reg Session continues to be the pattern. If you got stopped, get ready to reload. Slight divergence here going into the Open Drive.Note
O/N Pump/Dump just under lower TL of Channel. I just do not see it, looking for some selling to balance things out. Just keep in mind that the pop out of 13 day sideways range came in the off session and a retest back inside will most likely show up. Note
22,920 drop looks bout rightNote
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All O/N, still Short Scalping, waiting on the big break.Note
Drop turn zone is 22,095 to 23,480Note
May see lift to 23,170, back later by EOD.
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Disclaimer
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.