Yesterday was a pure Drop Offset on low volume for any drop that may send the NAZ into a decent pull back. Powell at 8:15 CT and 10YN at 12 CT. These will or may be Key Times to watch. 10/26 volume was double the past 2 days and the highest since the lift started. We have all buying or this may be reason why lower volume and less to no selling. Recent lift may have been combo of buying and short squeeze. Looking for an event today or tomorrow to provide a good Drop Test. KLOD is 15345 Mid O/N range 15359, Shaded Zone 15440-75 is Turn Zone target on any lift, 15480 is Long Term TL of resistance and Circle is NAZ breaking out of downward channel. Orange Zones are large FA's.
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4 HR View
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Potential 1st moves, outside O/N current range. Pop/Drop or Drop/Pop, counter move usually 2nd move and larger. 1st one is a set up.
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15377 KL to watch, NAZ is rolling over for a drop test. Since yesterday 1st 15403 hit. KLOD and FA below are targets for Test Bounce
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KLOD Retest
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Range is KLOD to KL 15400
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Yellow Arrow was 1st move
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KLOD Long calps until break out or drop below KLOD
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KLOD to 85 for Scalps the short at no pass of 85 or 400
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Under ML O/R 96 is strong Short
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Narrow day so move out will be big and 10YN Auction will be the event
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Volume today is actually lower then yesterday at this time.
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KLOD long to 96 or head fake.
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May not be enough strength to lift the NAZ, low volume and NAZ should not be here anyway.
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Back later 15220 is lower knee jerk or deeper drop test. Dead Zone will lift it and set up next Drop.
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TL is support and may hold NAZ until Noon.
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S CAR GO, PA is back to suck you in. BTD/FOMO Forever.
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Yesterday was clearly a drop offset and the turn today would be normal for a Pull Back or retest below.
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Recent rally was a Fed Day, an O/N 200 points, a Friday and a Tuesday Offset. Tricks.
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This lift had a retest at 15400 and the prior two 7% plus moves had No Retest. This one is real or may be a major mover.
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270 then 220 or back to KLOD
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Yellow Arrow move complete
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Only 100 point range so far, much more to follow.
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NAZ retest Mid Range and is under MR and KLOD, levels to watch and the 396
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Should this drop get bought, NAZ will go to FA above in next day or so.
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396 is key and may see big drop from level in Final Hour
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Do Not Short Slow PA, it is a Trick
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Watch 396, Drop offset Tuesdays was a success, this may be MOP up for drop now.
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2 Yellows are Range for Break Out
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Where and why did push pull stop?, Machines are off so Long Side is possible if this is not a MOP up
Trade closed manually:
Stayed in range, Long, Short, long. May be next day or so as we retest 15400