NAZ is 250 points off yesterday low and that came in final 30 minutes of close and O/N, look familiar? The Yellow arrow is O/N Range and this is the range for break out (the O/N is the BOSS). NAZ may have hard time passing 17850, KLOD is 17731, FA;s are Orange Zones and all over the place (targets). White TL is Long above and Strong Short below. Expect a U Turn up at some point and do not fight it, if no U Turn then lower we go (Until Friday to Tuesday or Wednesday low volume prop up). Holiday on Monday, expect a lift or drop offset. Today is a key day, I will update on Teams.
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If you look at pre Open LC Tech stocks they have retraced half of yesterday drop. This is the high concentration O/N rig that is used pre Open. The Reg Session usually sells this off and yesterday was the highest volume in weeks. The BTD may work, just be careful as the tricks are getting old and Reg Session volume can crush the O/N and game players. This is what the markets need and will happen at some point.
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Range for Open is 17825-17730, Good Luck today will check back later. BTD/FOMO Forever (Friday - Tuesday, 1 last run).
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Careful, 250 point move up may be easy Pump/Dump
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Stayed in projected Open Range, look for a move next.
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780-810 is range and 780 is tough holding but may snap
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1st drop test is 840-875 range
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Pump and Dump, typical BS
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Pop or drop to follow, love the dead zone.
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U Turn from yesterday is seriously trying to make it happen, most likely will so be careful. U Turn number 25-30 since 2022 decline. Friday to holiday will be the make or break.
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BTD/FOMO, no need to have any trading skills.
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TL 17730 break under should be a Short and Hold, Back up.
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Let's see something, already
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Bad day, while I wait for the break out I am missing 100 ish point moves. Hopefully you are getting some.
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Do not rush today, do not want to get caught going wrong way. BIG move coming and can be up with long weekend near. Nobody tends to work on the Friday before and that could be all LONG since that is their only play.
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17782, Previous 30M candle is Bearish, will drop if NAZ stays under the high.
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This move up looks fake or a trick, could be part of weekend rally RIG
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Well KL 730 hit and popped for 100 like a sloth, this is the NAZ lately. BTD/FOMO into the O/N Rig show and long weekend trend is your friend. Just use a stop.
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17850 may show some teeth, doubt it.
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Anyway, should NAZ rally here and into O/N to Friday. The only play will be LONG. this will set up huge Short when everyone is offside. NAZ is only back to prior rejection zone, may be long trap, I am still flat.
Trade closed manually:
2/15, Yesterday had the weak U Turn off hit of KL 17730. Below is 4HR YTD with 17200-18200 as range to watch. Need to see how today plays into Friday and the what games for long weekend into Tuesday. No real signs of selling pressure in O/N or Dead Zone. The Open is the only part of the day that actually will show some selling.
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2/15, Look for NAZ to stay in O/R today and not get out with potential move lower should it stay under ML O/R
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white TL is lower target
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Ticks are steady negative, careful with BTD or wait until machines get turned off, looks like now
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17820-40 is major TZ at no pass back up, look short
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Stalling and looking at lower lows and lower highs today so far, this is dead zone time and may just go up 100
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KLOD is holding for LONG trade now, may get shaky
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Reg Session again with no lift and under O/N High, this may be the turn lower or may set up Rig Pop Friday. The idea is that this is clearly not a strong market when there is larger volume.
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Watch ML 17860 here
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Typical mid day Snail Run, this may go all the way until Friday Open, needs to pass O/N High
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May drop to 840 and pop. no pop will test 810
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As the NAZ struggles you would like to Short but the O/N is next and typically goes up. This is all by design. We need to see a drop in final hour and then long in O/N play. Up in Final hour may use the move for O/N move up and then if O/N does prop up, that would be a great Air Pocket to Short for Friday Reg Session 1st drop.
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The close has not provided any clue as it has gone sideways.