Final week of the 1st month, so far not much has changed with intraday Price Action. The original Danger Zone TL (Orange) now has a lower long term TL that may be an indication that the Danger Zone is dropping (NAZ may start to experience lower lows and start a decline). Short below 22,200 and Long above. 19,200 is Strong Long Zone, we did retest U Turn Zone #1 (21,000) and may retest #2 (20,000). For now, Long in the O/N, fade the Open Range and Long in Dead Zone or near the Close. Should this pattern change, it would be a minor miracle. Go Fed & Washington Street (Wall Street is 2nd Banana), the Fed Is back this week.
Nota
Eight days of rigged gains are gone in hours, and before to Reg Session is even open. If you go back to some recent prior Posts you will see the mention of a massive of "1,000 / 1,500 / 2,000.... point drop on the way and may happen in 1-2 days. This is in hours and in the rigged Overnight (usually long) session. Anyway, NAZ Flat on the year and the entire stock market is exposed to a massive hit should this continue, no kidding here, the machines will go crazy if the FOMO/BTD switch is not turned on. The new limit down in Futures is -7% (no longer -5%). 21,000 is next hope of a U Turn or sideways for a bit until next move.Nota
Update from Friday high is 1,000 point move (drop) with NAZ at 21,100, FYI. So do I hear 1,500 / 2,000 or 2,500???Nota
Just goes to show that Washington Street just got spanked by Wall Street. Looks like a perfect Pump/Dump after 1st week of new administration, they let it get just rigged up and sold the event after all (media, retail...) was think "Golden Age", blah blah blah. Seriously, this heavy off session volume is a problem. Bloomberg reported on it last week and I have been commenting about for 2-3 years. I would think the Fed is enjoying this one and will let it just tank, we may see a power /turn battle between Washington Street and other forces. Not political, just think of the plays to follow. Nota
O/N hit -5%, this is old limit down, we now have -7%. Think about it, 3 or so negative O/N's would erase all of 2024 gains and if you look back the 2024 gains are the only gains since 2022 Open/High. Fact, 2024 had only since 2022 high or 3 year period. My extreme comments/calls in priors Post's are actually playing out. I think we go -7% in Reg Session today.NAZ reversing at TLX 835 for now.
Nota
The Friday-Monday Long trade has been broken, took a few years. Let's see what other tricks break? Did the Long only O/N pump break? NAZ drops and the entire stock market will be hurt badly. With that, i would expect some stabilizing or rigging to the Long side should we revisit the O/N low. Nota
1/28 Update, O/N top pump was up 175 points and has dropped back 75 from high. Yellow arrow is range to watch, NAZ is under DZ TL (Orange TL). May have a hard time getting through yellow shaded zone (415). Fed Day coming up and may be a doozy. Or, is this just another U Turn in the works? That would be UT # 40ish. Bigger zone to watch are the two white arrows for Fed Day or any breakout from Yellow Arrow range. Nota
I have noticed for a few years that the overnight (O/N) price action has created much noise and whipsaw set ups. The yellow arrows to the left are O/N's that just evaporated in 1 huge O/N air pocket bust. The sad news is that the Reg Session really does not have much strength to the upside, usually. Not for O/N rig plays to the left, think where the NAZ would be? They are primarily drop offsets and will most likely come back once/if we stabilize. For today, look Long above YTD open (blue) and Short below and we may rotate around that all day.Nota
Expecting sideways, head fakes and a nasty drop. This is juiced with no strength, may lift as that is what it takes to get out. Sellers need buyers.Nota
Leave it may be a dead cat.Nota
Hilarious, yesterday was bad news/bad news and today is bad news/good news. Spin it to fit the PA. Same old tricks and expected moves, nothing has changed. Just watch counter moves prior to main moves. Caught me today, twice.Nota
Bigger view of channel and potential plays since we are still playing inside a range. 21,075 break may try Diablo below (Red TL) and Red Zone. 21,974 is ML of current channel and may be Gap Fill Reversal Zone. Thinking if we go up that would happen with New Month reversal next week or failed Friday-Monday Long play #2 this week.Nota
BTD/FOMO Go Fed, It is Fed day. Fed may shake it up as the Washington Street vs Wall Street battle is just getting started.Nota
NVDIA is down 5% and all MAG7 are flat to negative and the index will not drop much, just crazy and fixed. Nasty drop from yesterday is delayed or offset. Nota
Mild Fed Day, stay with Short below 615 and Long above. O/N will most likely try and pop it up, it does not matter what happens in the Regular Session as companies will report after the close during Earnings Season and most moves should be higher 1st. NAZ will drop again but like last time, probably when the can sneak it by in the O/N or off session. Nota
Whites are Reg Session L/H and Yellow is current O/N fluff, above L/H of Reg Session. Noise and will most likely drop in Reg Session if Reg Session shows a L/H then yesterday. Lower High is L/H. You can also track the L/L and L/H of the ML of O/R Mild level of Open Range. This is how to KL Trade (Key Level). All other info is just Noise.Nota
30M Chart, notice the attempt to gap fill and my comment yesterday regarding the it des not matter what drop happens in Reg Session as the o/N will just prop it up. Trading the games in the new skillset as now 50% of volume is in the off session. The drop (selling) will happen in Reg as liquidity is huge. The drop on Sunday the 26th was during the O/N, this was massive and does show that the exit can happen during off session times. Nota
Have a good day today, I will be out.Nota
Up in O/N (The BOSS) and down in Reg Session.Nota
Pattern for about 2 years has been simple, Long in O/N, Short Open Range and Long in Dead Zone. Looking for a change in pattern and the 12/16 drop was a major shift.Nota
UPS, FedEx and Caterpillar used to be leading indicators, interesting. UPS-14% today.Nota
Many have asked, A Turd is Price Action that sticks out like a Turd in a Punchbowl. Dagangan ditutup secara manual
Nota
Stop at 22,000 just in case. Shake out, again?Nota
The entire lift except 100 points from 01/25/25 was done in O/N. The Reg Session just churned after each O/N high. Gap Filled and the Mass Exit may follow by EOD or Monday, Have a great weekend. Nota
You can see how the O/N lifting keeps the NAZ safe when it creates the O/N lifts higher (everyday). When this ends the NAZ will not have the pre-rescue support and will really really head lower, just like earlier this week. BTD/FOMO and Go Fed as the O/N is still THE BOSS, until its Gets Fired by Wall Street. The Washington Street /Wall Street battle is just starting. Nota
Friday drop and set up, FYI. 1) The Divergence of PA and lower indicator, 2) The reaction/action after Gap Fill KL 845, 3) The Air Pocket and then the falling back to previous ML O/R's. The fact that Friday was stalling after all this, you had to look SHORT. Monday will gap open lower or lift then retest under 845 at KL's and then drop, again. Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.