Chart was posted on 7/2 in Q3 Post. The Yellow Circles are TLX Targets, still sticking with a 14700 retest, after 14850 Danger Zone U-Turn failure. I am starting to hear the various analyst's talk about recent rally: Narrow, Low Volume, etc. They should add the fact that half or more of gains came in the O/N off session. The O/N drop offset play has been so...
NAZ moved up 500 points in the last week of June and Q2, did so on a lower volume Friday with decent portion from O/N PA. Since May and many previous (past 10 years) the post May lift's have been consistent. Usually will retest at some point prior to next move up. The noticeable change over the years has to do with up bias (regardless of reality) coming in/near...
NAZ has run 1200 points in 7 trading days and may revisit 14700 for retest or reality check. The no Friday late afternoon rally (pre Holiday long weekend) was the signal of Rigger, BTD, FOMO, AI Magic Potion, etc. exhaustion. I was shocked not to see the typical nonsense rally into the Close with failed auctions and the like. Anyway, Monday may Prop some still......
White verticals are May 1 dates and the PA after each. Notice the lift and pullback or Drop/Pop. Look for drop/pop to develop in upper half of channel for next test. This may play out through summer and into the fall. Use NQ 6/20 Short post for lower targets for drop/pop play. Drops typically happen in Open Drive (1st 30-60 minutes), Tuesday's - Thursday's. Lifts...
Late day and O/N games with lift to KL's that will trap. Look short at stall and no bounce may be the last chance to get out at decent level on the Long side. Games are getting old as we approach mid year, month and quarter end.
NAZ in drop back near Danger Zone. Crude and Copper is lower near 1.75%, most FAANG lower and Tesla gives back yesterday gains. Short below 15134 and under Blue Box. KL 15083 did hold for now and strong Short below. Watch the Diablo rotation lower, NAZ lower in O/N with a Diablo is not good. Will update on Teams.
Relatively calm Fed Day, get Short. The Smart Money shorts will attack at this level as the YTD high is in. O/N to prop and Open Drive to drop.
Up is easy, just follow. The chart is a lower target on a drop, these normally do happen from time to time when (just thought I would remind). Drop would most likely create a pop or up/down channel for the summer.
NAZ with failed auction all over the place. Monday was the highest volume since 5/1 and the Shorts were early and squeezed some. White arrow is Tuesday and Yellow is Wednesday. Retest lower is likely, if not be a Trader and let it ride with the tide. NQ Sep has higher volume NQ June, the repositioning of and typical Monday Rig Prop (drop offset) may be the why of...
NAZ at red line on accurate contract (not NQ1). Long above Channel/Box and Short under. Lower Orange are failed auctions. May see drop/pop as NAZ does have an "air pocket" below. NAZ has been rallying with no Fed, this may change this week with Fed Drop as a curve ball with heavy Short interest in NQ/QQQ developing.
NAZ with failed auction all over the place. Monday was the highest volume since 5/1 and the Shorts were early and squeezed some. White arrow is Tuesday and Yellow is Wednesday. Retest lower is likely, if not be a Trader and let it ride with the tide. NQ Sep has higher volume NQ June, the repositioning of and typical Monday Rig Prop (drop offset) may be the why of...
Long above Channel/Box and Short under. Lower Orange are failed auctions. May see drop/pop as NAZ does have an "air pocket" below. NAZ has been rallying with no Fed, this may change this week with Fed Drop as a curve ball with heavy Short interest in NQ/QQQ developing.
M forming on NAZ, below 14476 may test TL and below 14325 may go to FA Zone. Above 14476 or TL may lift to upper target.
NAZ with anticipated drop/test out of upper zone. Look for retracement and some dip buying in zone.
The NQ Commitment of Traders (COT) is showing that leveraged traders (Hedge Funds/CTA's) have been exceeding Short positions over their Long positions over the past 2 weeks (as a percentage basis). Asset Managers have a net Long, greater percentage over same period. Asset Managers (such as Mutual Funds) tend to be primarily Long Only and typically are limited...
MAZing Private Post of 6/1 is attached, new month new money pop today. Look for white Arrow Range Long and below 14370 Short Yellow Arrow Range. Use the KL's as targets & entries. Algos's took over after 1st hour today with typical no strength snail run, one drop test near the close (after the machines got turned off).
NAZ heading back under VA high. NAZ may test 14050 and no pass may see drop back under VA, strong Short under 13750 and Long on hold. Lower target is 13250, NAZ staying under VA top and 13750. Friday looked like Long Liquidation day with Push Pull showing up for 1st time in days. May see some drop testing after Sunday/Monday prop play or any stall out during...
Active Session daily forecast's have been dead on. Links of prior private daily forecast's are available, by request. Gets your shorts out and head to the beach.