NAZ will need some help from pre open (Overnight) and Holiday (Monday) closed markets low volume price action next week. The move should be to upside 1st and then lower. Mian channel is the 17000-16450 with 2nd channel of 16900-17500. Arrows are potential plays, yellow dots with lines are TLX's (trend line cross) and orange boxes are FA's (failed auction zones). Under 17000 may head retest ML of channel (mid level 16740), this may be after the usual Sunday-Monday Prop Lift up is attempted. Should the Prop Lift not happen or stall, look for ML as target on drop. The 4 HR chart goes back about a month and may be the PA range for next month or so.
Nota
Sideways Snail PA til net move at 17000-025Nota
TLX 857 is Long above and Short below on retest. Looks like Dead zone Top MOP, Back later.Nota
Tuesday was another Outside Day Reversal FYI. Just keep in mind as these usually do not show up without actually causing a train wreck.Nota
Lower Range today will be 720-785 passed TLX 859, Needs to pass TLX and stay under. Good luck and going private.Nota
725 hit, May see lift at 16725Nota
Lift target is 16800 and no lift can drop another 200Nota
If you look the moves since O/N high drop equal 550 points on major moves. This is rather large for recent days but getting back to normal. NAZ may be setting up the lower direction change move should BTD/FOMO's bail.Nota
Look Short under 17061 TLX for drop back lower and pass above is Long to the Moon as BTD/FOMO's are back. Top of Channel is 17500 and that may be by Monday Close target with Prop Friday through Monday Close play, been the pattern. Just watch TLX reaction and Push/Pull should it show up and it should not for a while as machines are slow to change direction.Nota
Starting to look like a Pump/Dump, will check back laterNota
The tricky thing about the range over past few days is the current move in O/N last night. This will create a big move out of here to the downside should the NAZ not stay above 16800-900. The O/N just pushed the index to a tricky level to go Long or Short, let this play out some and the Dead Zone may get whippy.Nota
NAZ is above TLX 17060, look for float higher and potential Snap drop. 10:30-12 CT will have some news releases that can be a sucker punch to the O/N Prop and weak PA of Reg Session today. Pump/Dump caution, Long with typical Dead Zone, Friday to Monday typical lift is next play should NAZ not drop.Nota
Looks like the TLX 17096 was upper end and TZ should be 17060-096. Anyway, the O/N lift is huge for the NAZ as the Reg Session is Dumping any lift. This may turn the Friday to Monday or Tuesday usual Prop Rally off and have NAZ start decline to lower end of the Channel (16450). This would be a great O/N pump/dump to long trap set up.Nota
TLX 17096 may be a retest and drop like as the lower indicator is does show an air pocket some. No drop here, Trail Long into Close as the O/N should prop up into Open of Friday. This would then Prop Sunday to Monday. This is why the Drop here could be big should all these typical Long moves not play out. Nota
At Close NAZ is at 17105 and will be pinned up through the O/N on loooow volume. this will not drop until Open on Friday for drop test. Then the drop test will show next move. BTD/FOMO Forever (or through Friday into Monday Open).Nota
Stopped, Typical Friday. This may run up to 17500 by Monday CloseNota
Upside indicators, the Long call through Friday was accurate, just can't hang on all the way. Do Not short until next week.Nota
1/21, Short under 17520 and Long above. May rotate around for next move.Nota
Today's Open Drive will be very key to the next move or direction change.Nota
Play entire O/N Range, Good Luck going Private.Nota
KL 520 to O/N High, watch next move.Nota
Once again, O/N Lift with Open Sell off and Dead Zone will be next after 1st30-60M, most likely try up 1st.Nota
Hanging onto 17460 level like a life preserver, No strength on a Monday is not a good indicator for the week ahead, look Short as O/N tonight may be only push should it stay up until close, SHORT on Tuesday is the plan.Nota
Just watch as if the media starts saying "AI" the NAZ will rocket up. That is all it takes, that and the final 2 minutes of the Close and the O/N Prop play.Nota
Looks like NAZ will try to hold up until O/N or near close to get to Overnight.Nota
RiggedNota
NAZ can only or usually lifts on Friday's, Monday's and the Overnight. Other than that sell to snail lifts.Nota
sideways to the close, thought that would be the deal. Will not leave O/R, no power and not sure if has any strength to get higher? May see a fake pop/drop between today and tomorrow. BTD/FOMO until the Open tomorrow.Nota
Been looking Short but calling strange Longs in odd trading zone times. The new QE is the constant lift in O/N while we sleep. Sideways all day yesterday and then up over 100 in afterhours. 1HR YTD with some divergence showing, this can pop or create an Air Pocket drop. Since the Open Drive/Range usually sells off 1st, we may sell that drop and this lift would be just another pump/dump or drop offset. The orange zones are drop targets and failed auctions. Nota
17700 to 765 may be stop clean out. Just remember the buyers buy from seller and sometimes sets up the counter move as the seller are set and buyers are trapped.Nota
Watch Hook Short on IDS20Nota
Back to top and sideway or dropNota
17660 to 17760 is range to watch and NAZ may start the decline out of range or hold and retest upperNota
Stall out may test FA's below, just nee to have an O/N that does not go straight upNota
If Short set up or Long Trap, last move up from O/N high is another MOP Up. This may continue until buying dries up. Bets moves are at PEAKS and VALLEY's, need to be brave or use a stop.Nota
Under 760 is 1st key to short maybe happeningNota
On/N Top to 17800, another 100 point move. watch this pattern in either direction.Nota
Today looks weaker with move up, air pocket is developing , next half to day and we may see direction change. Back later, BTD/FOMO Forever.Nota
Any huge O/N lift is usually trick or head fake, lets see how this day finishes out. Still above O/N high and that is what they do, for as long as possible trying to get it to next O/N for more.Nota
Who would go Short on a day like today? They got you thinking the other way with the O/N lift, it may work but NAZ is getting weaker and weaker and that is why it can only go up in O/N.Nota
I may be early but NAZ for 200-300 points lower is the idea, it will retrace back up and drop again, this will continue as the direction MAY change. Need to clean out FA's below prior to next leg up. Back by Close to see if final 5M is a rocket long trick.Nota
Above signal, spot the divergence and it will continue to run up and then pop the air pocket. This may hold and retrace up some.Nota
Nothing but O/N PA for gains here, as usual. So the close and O/N PA will be the next clue and next few days will be more up or retest lower and potential direction change to mid or lower channel.Penafian
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Penafian
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