Sell in May should NAZ float back up or, Buy in May should it drop from here. The Buy in May would be near lower range or 17,000-500. Yellow Zone to left is the 10-15 minute "insider trading" move that was needed to get the NAZ away from the Danger Zone of death. Not much doing since so expect more of the same with tricks, games and O/N magic rides higher. Reg Session seems to still prefer the sell button. Anyway, until we break out of this range (could be weeks or minutes, as we have seen) we are in a range of insignificant noise. NDX Chart below, Diablo is hanging Tough.
Nota
Should NAZ not travel higher, the Big Action (chart below) may be followed by with a Bigger Reaction in the opposite direction. The markets tend to balance or show fair balance at the end of a run/trend. Chart is a range bar, 16M / 8.5% pop. Nota
O/N No Strength session so far with 2 1/2 hours to go. For a Monday this is off pattern and may continue in Reg Session, starting with the Open Drive. Chart below does show the lower target and basically a huge air pocket that was created with the 15 minute NAZ pop. Should we drop to/over, ratio is up in 15 minutes and down in 6 days. Should we drop and not hold, it is the 15 minute 2,000 or so point drop from there that is the concern. That is really what I am waiting to see. Above/Near the Danger Zone low, look Long as they will do all they can to keep it above. Should we go over, Strong Short is the call.Nota
Uncle Bunker is now pointing the finger at Fed Chair Powell. This may be the "Black Swan" should this actually play out. Nota
Markets are sitting at 3.5 years of little/no gains. Should the NAZ drop under the Danger Zone, it will take all others with it. Just not sure how, what, when it can get back to ATH or beyond in this environment. Off Session tricks are fun and predictable, have worked up until now. Just not sure that can hold back a major "all cylinders" sell off. Nota
4 HR, 380-400 is KL to watch today. Anything under is Strong Short. Lift, Stall, Drop or Sideways (bait), Stall, Drop.Nota
Red TL is a Diablo. NAZ will need to get above or may rotate around as it goes lower, pick one. Nota
IDS break out range for Open. Nota
Rejected ta lower range, may try and get back in. If Not, heading SOUTH.Nota
Black Swan flying South? We need a Tweet.Nota
900 break may get real ugly.Nota
Holding at 900 for now. Sideways to next move in range, a lot of time so wait for it.Nota
Pop or drop near KL 900, they will not want this to get much lower.Nota
Rig Team showing up at 930, may not be enough today.Nota
Under 900 and stop clean out to pop or deep south. Nota
Under 900-30 is Tweet or Tank.Nota
Yellow Arrow? Why not.Nota
Still dropping but the BTD/FOMO's have nothing to do so may step in and fire some buy orders (that is what they do). Should they, it will have to hold and may be welcomed by the sellers. Dagangan ditutup secara manual
NAZ gave it a go today, feel it needs to hit 17,200 or so to confirm the "Hold In Range". The O/N Long Only crew is next and will jack it back up to 18,100 or so. We will see if selling continues after the Rig Crew lifts it back up. BTD/FOMO, Go Fed (while you can, Your Fired). Insignificant Noise, do not take this price action seriously, just point and go. Nota
Watch the Diablo reactions and rotations in the O/N.Nota
Final 30 Minutes, like a machine. I may sound odd but the Price Action (these days) means very little. It is all about the Tweets, Fed, etc. Any down day will be offset in the O/N until we have a complete absolute route lower. Until then you have to scalp in /out. Nota
350 point lift and all the way back to Open Drive Mid Level, this is how the markets are stabilized in the Overnight. We have been seeing this since the 2020 Covid lift Bear to Bull (30 day Bear). 17,200 is trouble for the markets, notice the redirect in the off session. Thing is, what happens when the rig tricks do not work? That would be the concern, otherwise just play the flow. Long in O/N and Short in Reg Session has been the typical pattern.Nota
350 point lift and all the way back to Open Drive Mid Level, this is how the markets are stabilized in the Overnight. We have been seeing this since the 2020 Covid lift Bear to Bull (30 day Bear). 17,200 is trouble for the markets, notice the redirect in the off session. Thing is, what happens when the rig tricks do not work? That would be the concern, otherwise just play the flow. Long in O/N and Short in Reg Session has been the typical pattern.Nota
500 Point POP now, most in O/N and well manufactured.Nota
These are back.Nota
4/22 Update, The O/N lift does its job, just amazing. Short for pull back under 382 and then sideways. O/N is The BOSS.Nota
Start Short all the way to 385 and stop at 450.Nota
Drop or pop here, may get stopped.Nota
Need to get stopped or let play out for drop to 18,200-100. O/N air pocket needs to get retested, will happen today or next day or so. Nota
450 clear, games being played with the Stop Clean out. Move ore reload if hit. Prior drop to pop was 1st drop test. Nota
Stopped, 700 point move here. Train Ride up, need to let it stall Nota
Stall out and drop back or next O/N will do this, YEP.Nota
Huge move with half in O/N and half Reg Session. What was yesterday about? Seems like U Turn or just another drop offset away from Danger Zone. Yesterday and today are all insignificant if this stalls out. This may go one for months. Nota
There it is, see the games and why stops can hurt more than help. Anyway, games continue and this one is all Overnight manufactured noise. Nota
19,200 is the target for the next O/N Rig Play and if not or we stay under today's high, lower we go. Nota
This chart will show how the Overnight continues to stabilize the NAZ. With out the O/N lift, look at where it may have gone. This has been going on for 3 solid years and on/off for 2 years prior to that. Without these move in the off session, the NAZ would be below sea level with the Titanic. Things are getting quite insane. Watch this drop now. Nota
Air Pocket below, usually these do drop.Nota
NAZ is sideways in a 200 point range. O/N will try it again, this is how it is done. Need to see how the Reg Session acts tomorrow. These types of days are usually followed up with a decent sell off, this has been the pattern all year. Nota
O/N to the rescue, on its way.
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