Great trading day ahead. Many targets and Key Levels to play off/from. Arrows/Plays: Thin Yellow is range for break out ( 14269-14395). 14269 is 200 MA / 14395 is Mid O/N Range. White arrow is Long Target after Break out and Yellow is Lower Target after break out. Thin White is Gap fill, 2 way retest Long Trade that may play out. KLOD is 14328 and Orange Zones are FA's that usually get retested, more higher than lower. God luck and will update intraday PA on Teams.
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IDS20, Circles are Pause/Turn Zones inside MA's. We are in one now.
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Overnight Range is 274 points with Mid at 14395. Prior day O/N range was 238 points with Mid at 14831, watch this level Upper FA Zones. Yesterday Open Range was 151 points which was double the previous O/R. Today above KLOD (key level of day) 14328 is Long above and may see multiple retests from above and below, Short below into lower FA Zone.
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10YN, this would help for Long side or drop/pop before/after gap fill Long.
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Since the start of 2022 I have been waiting for 1 Limit Down Overnight session (-5%) and I think last night was the closest. This may suggest a bounce, unless the big down regular session and big down O/N is on the way. Should today's regular session hold, we may see the O/N tonight redirect the NAZ back up.
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1st Long Trade test. This needs to play out or going lower for low retest.
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Needs to pass KL 328.
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Move your stop on Long, this is a zone of pass/fail and redirects.
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White arrow, These are SZ's or Shaded Zones that are targets that I will call out.
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14300 Long use atop as news is coming out.
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Blue Box is Open Range for the day. 1st 30M
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KLOD is Holding watch this thorough out the day
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Should see move higher pre Open, usual prop play. Just place stop on the 14300 long.
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Long target Hit, get or or trail.
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Going Private, Play the Zig Zag
10YN
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14328 is LOD, just take Longs when the NAZ approaches for Long Scalps and one will run. Under KLOD go short as NAZ approaches and one will run. You may only get a few shots but the level or daily calls of KLOD have been reliable and accurate.
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10YN may be near a high, may see drop at no pass.
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Pump/Dump time is normally near Open. 395 is Mid O/N so may go higher before dump
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One more Note, Red Line on Forecast 14418 and 14340 are TLX's. These usually produce a reverse of PA, since KLOD is near Under 340 TLX we have look at as support should the NAZ drop back. 1st Upper FA zone is gone.
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Drop on the way as 10YN is dropping and NAZ may be setting up a Long Trap here. Just use a stop.
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418 TLX 370 Fib Level and 460 High are levels to watch. TLX 340 and KLOD may get a hit.
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Above KLOD is key for Balance of Day.
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Back near the close. Targets higher as 10YN plays nice. 384 needs a pass, 457, 598. KLOD retest has to hold.
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W forming on 15M. NAZ struggles to get lower, usually goes the other way. Drop or Pop on the way, pick one.
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NAZ at bottom of 60M Open Range low and needs to pas KLOD 14328
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Move lower may have had sellers selling into buyers that will try to take it back up, whipsaw.
Trade closed manually:
KLOD Rejected and back down.
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10/27 KLOD toady is 14307, Long above and Short below. Good Luck.