Yesterday Post was accurate with daily forecast. Today is Friday, pre Holiday week and rolling into a Monday of a Holiday week. This is usually low volume, long bias upward type games. The NAZ is stuck inside yesterday's Open Range, rejected at KL 15920 and staying above yesterdays KLOD (15873). Here is a fact, the O/N Pre Open Futures volume is typically 100,000 contracts and the Regular session is around 600,000 plus. The PA in the O/N is usually up and the RS is usually flat to negative. Just beware of the Pump/Dump should the O/N not (during Holiday volume) lift the the NAZ. The lift to drop cycle offsets the RS drop and should that not happen then we may see a strong negative Regular Session. Yellow arrow is range for break out, KLOD is 15881, Red Box is Strong Resistance, white dash is O/N Mid Level and purple lines are previous Reg Session H/L. The bigger picture is which FA Zone (orange boxes) will the NAZ hit 1st? Looking for break out to an FA and then a big reverse. I will update on Teams.
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The white box is the fluff that appears to be all FA created and pre reg session. Under the box we had Fed Day (pre reg session) and a 200 plus point O/N prop (followed by flat RS). This lift should retest lower white box and clean out FA Zone. However with the Holiday week near, we may see a continued slow (very slow) lift.
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Yesterday I called the U-Turn Long at 15790, should the NAZ stall/drop and retest the level and not hold, stay Short as it will/may be a 1-way ride lower. We may be seeing a weak pump/dump attempt in O/N with Reg Session bringing the sell side for 1st time in a couple weeks.
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Many have ask about FA's (failed auctions). The Yellow Zone and blue arrow will help you to follow the price action. Price will move from FA to FA, we have 2 large FA Zones (above/below) the NAZ currently.
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Below Zones
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IDS20 is showing Bearish Divergence at 15915, may see drop or pull back near/prior to Open. Many times you will see a pop up prior to Open and then drop during Open.
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The strong resistance above (red box) is easier to bust through during O/N, so they will try now prior to the Reg Session. If not now or pre open, then it may be harder during Reg Session.
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Good Luck today, going Private and will check back later. Just remember that the Peaks and Valleys are where the best trade are and if you can identify a fake/rigged peak/valley, go counter.
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Stalling at KL, Good news bad or bad news good will be spin today to justify the drop, if so. BTD/FOMO Forever.
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15920 rejection again, watch KLOD and 920 range
Pump/Dump on a Friday is very odd, lets see what they do. May be looking to lift it back up next week when nobody is working.
Pump/Dump on a Friday is very odd, lets see what they do. May be looking to lift it back up next week when nobody is working.
Comment:
NAZ under KLOD is bearish and will need to stay under. 880-830 is range now. May see KLOD retests and drops or Head Fake near and drop.
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Notice the U-Turns near Danger Zone. They may get this above that until Close so it can get in O/N for Sunday/Monday Prop lift.
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NAZ may be trying to get through 920-40 zone and any rejection may send it all the way back down.
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NAZ is just back in original break out range. Normal Bearish activity
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Typical Friday and should NAZ not stay above O/R it may drop big. It needs these crazy weak days to get higher. Just like last Friday.
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Last Friday's 400 point move, saying that may happen again.
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The VIX has to start going up, a drop would readjust many things that are out of line.
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This lift may be related to Options expirations today. Final hour may get whippy.
Trade closed: target reached:
past 3 days looks like consolidation to sell.
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Again, Reg Session is under O/N high. Same PA every day, only lift is O/N and Sunday into Monday will try again.
Comment:
Red zone rejected the Dead Zone Friday typical lift and dropped it back to KLOD. We now have a 30m 16000 and 15920 spike, just watch these 2 levels. O/N Long Targets and Reg Session Short from levels. O/N Pump/Dump at some point during Holiday week may play out.
