NAZ in the Danger Zone and selling volume is back. 20,990 is the Edge, Long above and Short below. Currently struggling is U Turn Zone #1, white arrow is lift target for retest & rejection. Yellow arrow is weekly lower target. Passing TLX 20,758 and landing on 20,300. Should the NAZ stay under 758, look month end target of 20,000. Expect Overnight Rigging lifts, Dead Zone retracements and any off session prop games that have been working for years. 2 way trading is back.
Nota
We will see a decent lower retest at some point, this may be it or not. It will show up and usually after a decent run up. We ran up over 110% since level 2 hit. 17,000 retest would not be out of the picture, we almost did that in 8/24 or maybe that was the retest and higher and higher we go. Since you can trade either way, it does not matter. 2 way trading is back and sideways is great until we break out of any range.Nota
O/N is the BOSS and is changing its tune. Reminder the New limit down Overnight is now -7% (old was -5%). What took months to lift up no volume snail moves can erased in hours (when you sleep most likely). Ben saying for years that the Price Action has changed and the Reg Session is 80-90% sideways to lower movement. Anyway, they -1.5% or 300 point O/N drop is below TLX 20,758 and I added 20,454 just above TLX 20,300. Above the shaded Box is the break out of triple bottom and now NAZ is 500-600 points inside the Danger Zone. 450-300 would be next lower U Turn Zone should NAZ say under TLX 20,758. Go Fed, Sell the Dip/FOMO, Help.Nota
Back in early December I was expecting the 1/13/25 week to be the start of the drop, it is here and started last week. You know it will pop back up and retest near 200-300 with and off session help or Gov't related events/news. LL/HH's are all you need to watch and KL's as targets. New view of O/N IDS35:Nota
Just remember, Monday's want to go up 1st. Need to see if still active.Nota
1/14 Update, Yesterday's price action had that lift look, has turned into another slow U Turn. The way these happen is simple, they go sideways in a Reg Session and then lift into a Close or O/N. They have to pass previous KL's (on the way up), this is done in the Dead Zone or O/N or both. The 1st 30-60 minutes (reg session) will usually be the only selling PA of the entire day. Just watch pattern and look for jerky push/pull for the short side, no P/P stay Long. Rigged and F-M play is still active. This pop up may be a Pump/Dump, if so we have to see the reaction in the Reg Session.Nota
So far you can see that the O/N range is all we have, Reg Session just can not lift it higher and hold it. This is the drop offset trick that will be used every night. Nota
Should NAZ not hold or U Turn we may see a decent drop to OED and in O/N into tomorrow. A Hold is sideways until O/N Rig show. Nota
840 is yesterday O/R high, will have to hold.Nota
840-920 is next range test.Nota
stop at 820Nota
Most Mag7 lower but NAZ will not drop, crazy rigged and then you have the O/N magic show.Nota
Playbook, O/N up, Open down Dead Zone up. Nothing has changed, just follow the flow until it breaks. Nota
1/15 Update, Banks are reporting and next move is a Long back through major resistance to DZ TL. This should set up next Friday-Monday play and test, should NAZ get rejected at DZ TL it will drop back under.This would assume that 20,990 is passed and stays above. I am out today, just giving 1 play here. 990 up Long and under Short (but may not drop much).
Nota
Mentioned this a week or so ago, seems to be playing out. NAZ will drop and get under the DZ, any Gov't related information (prior to Reg Session) will lift the NAZ back up. Then you get the F-M Play into 1/20 and more Gov't long play as we are all happy and such. Should that not play out, the Reg Session does not seem to hold any lifts or create any lifts. Just watch the DZ TL Zone.Nota
Back later, nothing new in Reg Session. All O/N Prop Play.Nota
Only caution long here is that the NAZ is stationary (no buying).Nota
1/16 Update, O/N Pump/Stall, Flat. Watch 350 and under, 380 is large FA block so U Turn above 350. NAZ may try 21,700, which is ML Mid Level Box. Under DZ TL we may see a decent drop. Today may be sideways to F-M Long rally into Presidential Inaugural or buy the rumor / sell the event on that one. NAZ continues to primarily only lift in O/N, let's see what the Reg Session does today. Nota
ML hit and stop at 380-400 or so just in case.Nota
Sideways to the O/N, back later. NAZ staying under ML 433 is short signal of potential drop and will be fast.Nota
FYI, Monday the markets are closed so the Friday-Monday may be off. Tuesday is DC Inaugural, may be U-Turn on any drop or fake out the BTD/FOMO's. O/N vs Reg Session Price Action is like comparing Fools Gold to Gold. Anyway, NAZ always appears to struggle lower I am waiting for that to change.Nota
1/17 Update, Clearly we can identify that the Reg Sessions sell and the O/N Sessions Prop/Lift the NAZ. The white arrows are O/N and yellow Reg Session. Today is Friday and these will usually go straight up in to Monday Close. Monday is Closed and Tuesday is Gov't Event. Saying that this or today may be a huge O/N Pump into Reg Session and into Tuesday. Why else does the O/N Pump to Reg Session Dump pattern keep playing out? Danger Zone TL is Long above and Short below but expect rotation.Nota
You can also notice how the NAZ could not get through Diablo (Red TL), gets through in O/N. NAZ may be 2 way trading but primarily 1 direction per session (O/N or Reg). Once the direction changes in a session, look inside range of 21,500 - 21,000 as next target until breakoutNota
May be the Pump/Dump of all P/P's or just another Friday-Monday Drop Offset rally.Nota
Other play maybe Outside Day Reversal. This may set up nicely for that. The idea is that the yesterday high is taken out and the next move will take out yesterday low. Unlikely but always possible and a great way to break typical Friday-Monday Long Play. Nota
May see decent drop under 21,600 stall out. Just keep an eye on this. Nota
Anyway, 21,600 will see big move when it breaks. Not sure on direction.Dagangan ditutup secara manual
NAZ needed the U Turn badly and got in the O/N on a Friday. All gains are Pre Open. No Rig in O/N and the NAZ would of been in a free fall. All around the Danger Zone TL, done here and have a great weekend. May see gap up or below over long weekend. NAZ may go sideways to the EOD.Nota
Think this is connected to options and weekly expiration games. Nota
Stop at 655, just in case. may reload until next move if stopped.Nota
All Indexes should give back half of gains by the Close. If not, then early next week.Nota
Apple needs to go negative, up .30% now. Nota
630 now is drop or pop to stop out. Nota
Stop moved to 725 and Short add at 640Penafian
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Penafian
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