NAZ is surrounded by FA's and no O/N Prop, what do you think is next. Pop/Drop would be white arrow and any stall out at KL's may send it the the lower FA Zone. Drop/Pop would be the yellow arrow and the drop may not get a pop. KLOD is 15873 and Mid O/N is 15861. I will update on Teams.
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Not a great daily formation if you like candles.
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White Arrow is KL Short or potential direction change call form yesterdays post.
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KLOD is Key Level of Day and generally the NAZ will go near and fall or pop. You take trades near and enter trade. Today would be near enter Short, should NAZ get above, you may switch to Long Side only after a retest from above and watch the Head Fakes. NAZ is typically a 1-way ride once it gets going with the machines. However, the BTD/FOMO's may show up to donate some contracts since they only have 1 trade or strategy (LONG Only).
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ML of O/N (mid level) is 15853, white dash on chart is wrong. KLOD - ML is range for next move.
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Diablo, watch the Red TL. The idea is the current break through can set up a Pop or at Open NAZ will fall near and follow lower to target KL.
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15840 is the 2 minute high Rig Prop Job from CPI, this may be Defended or drop like a rock.
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18540 did defend Rig Level, KLOD retest and LR still active. Keep in mind that the only lift is in O/N Pre Open and Open usually sells off.
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So big question today is, do we see a U-Turn above the huge FA Zone below? You would think yes and why not. But if we do not then drop will be nasty.
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15873-15830 has had 7 direction changes in O/N, expect a narrow Open Range or Blast is one direct and 10YN is lifting (good for stocks).
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ML 853 should be support for Long trade to and above KLOD and used for Short side and is usually near Mid Level of O/R.
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15881 is strong Resistance.
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15895, Drop test back into O/R
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Open Range. watch the Ticks get Negative.
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KLOD and 860 is Long Play, above and has to stay above, short below.
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May see lift sideways stall drop, below 920.
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Needs to get out of O/R Open Range. Looking for rejection under O/R High or Mid and 15790 test.
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No real direction, just scalping points inside range. 50-60 point range with 10 direction changes since O/N to Open.
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Actually looking KLOD Long for Dead Zone Magic Carpet Ride Up. I do see a Hook Short developing but that would be too normal so go with carpet ride.
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So painful this SLOOOOW PA. No lift, just Short it, it has no gas.
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840 Rig level may de make or break for the day and the riggers have serious tricks
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here we go.
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OK, KLOD near is short- the Short from KLOD is a scalp short and then it bounce back up but the main level is the KLOD pointing lower. These are all Scalps. Should the NAZ hold it will bust through the KLOD once and for all.
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820 and hold is LONG, 790 is support, back to 860 for next short set up.
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820 Long stop clean out may go to 20-30 points below and then look long. Or this is the FA Short clean out?
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U Turn Long Trade is the idea above the Danger Zone
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I highly doubt that they let this get below 15790 in the Danger Zone.
Orange FA is DZ.
Orange FA is DZ.
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820 Long Hit 860, Wait on Short as it may go sideways to up should DTD/FOMO's get excited.
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Waiting for KLOD pop and retest from above, otherwise going Short.
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881 is strong Resistance
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U Turn now near Top of O/R, Long above KLOD and Mid O/R 905-920 is next test up.
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From 15900, we may see sideways to Long in O/N with Prop into Magic Friday and Prop this up to Upper FA Zone 16000-50. 15840 was protected well by Rig Group. Drop to 800 ish with SLOOOOW lift into O/N and set up Friday for rally or Drop Offset. The other option is we Drop through FA Zone below, that would be crazy.
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NAZ has head/shoulder formation.
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850-840 Should pop or hold.
Trade closed manually:
Looks like the NAZ will just go sideways until its gets in the O/N so it can be propped back up. BTD/FOMO Forever. Done Too Slow, Good Luck.
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NAZ closed at day high and is now ready for O/N lift into Friday. The Friday - Monday rally combo has been pretty reliable, so only look short during Open (1st30M). After that a Long usually will play out and really get going when they turn off the machines in the afternoon. FA Zone above (16050) may be a pivot after they clean it out. This may drop to FA Zone below (15760).
