Look Long today or tomorrow, U Turn on the way or down the NAZ will go. Yellow arrow is range for break out, NAZ is in ML of O/N Range, KL 17867 look short below and long above, Orange Zones are targets for redirects if it, above 17908 is strong long. Final day of month and tomorrow is 1st day of March and a Friday, could be great set up for the Friday-Monday Magic Long Only dance. I will update on Teams.
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NAZ is getting rejected at low of yesterday O/R, look for FA Zone retest and bounce 17835 Range.
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NAZ may rotate around KL 867, need to let it play out some.
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Hook Long setting up at 17865, may pop 1st here.
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17865 should try 17890
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17865 retested should be good for pop above.
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Today should be 1 way runner and the Shake outs should end. Just need to pick the correct direction. If taking Long use a close stop.
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Bingo
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Now look for Pump/Dump play at Open or NAZ will just U Turn to the Moon. Back later and going Private.
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So typical. this is the only way the NAZ can stay elevated. It is all O/N PA. Just waiting for this to break down. Go Long until on every dip or pull back.
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NAZ may turn or stall out near 18040-60 zone
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The U Turns near Danger Zones have also been extremely reliable. Block the Noise and play the game with the O/N and then Reg Session. Good Luck and Long until Tuesday is 1st play here.
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Pump/Dump Drop Test and some Divergence should go back up
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980-020 is range here
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18045 is next test and no pass look short for pull back
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Classic O/N Pump/Dump and O/R Sell Off test, DZ to lift or hold up for O/N Rig Pop, should that not happen we are going lower and this is a Long Trap.
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Update and under O/N High
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Careful now, today may try Outside Day Reversal play and that would be perfect.
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18045-17908 KLOD is range here and up/down
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I am Flat and out until later, something is cooking here inside the range
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Pretty Shure the day ends lower as many Stocks are not up much. NAZ in mid range at 17980
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Pre Open Pop was been retested with KLOD hit (17908), NAZ did turn at 18040-60 Range, now 18020-40 is range to watch and under is short back lower and a pass will try 18120
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Funny but the KLOD hit may run up until Tuesday. You can feel the slooow lift developing and nothing will stop it. Need strong rejection for EOD Drop.
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18045 and under will have quick drop test to 18000-980
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above 045 will try 18070
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Now under 044 is short set up, prior test and drop, needs to stay under
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FNG1 is way down and NAZ Index may be fake lift
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So I get the pop today prior to open, the pop after drop test is OK, I just can't see the O/N tonight Rigging Higher through Tuesday. Friday may be a curveball drop or Monday may be curveball drop. Only lifts continue to be in the O/N and not Reg Session. Why is FNG1 off so much?
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18020-50 appears to TZ Turn Zone and lower we go to retest below.
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NAZ is above O/N High, that is crazy in Reg Session, wait we are getting near the O/N for their turn to push up on no volume. These are the patterns that you need to watch for a break or change. they are getting too easy to spot/predict.
Trade closed manually:
New Money New Month Friday, not sure the Short side will play out, unless we see something in final few minutes of close. I may post one tomorrow to continue this one, may get interesting.
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About 50 point drop in final 1 minute, games are to up side so careful on any stall out.
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3/1 NAZ hit TL and may drop at no pass
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3/1 NAZ at 18350 may drop and retest 18250
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Chart above is the typical Friday rally into the O/N weekend to Monday Long Play. I would expect that there may be curveball by or during the Monday Open Range or Dead Zone. The pattern is just too easy. The Friday Reg Session did actually go up, Friday and Monday Reg Sessions are typically the only that go up. Many trader's do not fight the Friday pump and take off early. This week's posts did call much of the PA's moves. I just think that the party will be over soon, most likely with a break in these patterns. Monday or Tuesday may have some selling.
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Look for TZ at Top of Channel (Turn Zone)