Going with the recent pop as: Short Cover rally or Drop Offset. We may see a decent head fake long set up as some may start to exit (up here). Give it the week with the Friday-Monday Long move to change to Short Rip lower.
Nota
Going Short near 22,400, looking for rejection back in the lower range. 300-400 is expected Turn Zone.Nota
drop test in O/RNota
Nearly a 1,000 point move in past day or so, looking like a TOP. Mid Level of range is likely.Nota
Stop at 550, let it run some as it retests lower. May take 10 point hit and reload. Looking to hold shorts today.Nota
O/N and yesterday has created the chase game, looking for reverse side of this and should be quick.Nota
22,400 next stop should NAZ stay under 520Nota
500 of 1,000 point move was O/N, look for that to be retested. Back later will hold short as the snail moves nowhere.Nota
Take away the O/N Prop moves over the past 2 or so years and the NAZ is at 15,000Nota
6/26 Update. The NAZ does retest Short call level in O/N. Look for some dumping in the Reg Session. Same typical pattern.Nota
The O/N continues to be The BOSS.Nota
May see an M on this chart. M for Magic price action.Nota
Major divergence, interesting to see how this one plays out. Back after the bell.Nota
BoringNota
Look for M follow throughNota
Back on at stop out of 625, stop at 675. Fumes, drop play, previous shorts were 1st and 2nd drop tests. The weak lift is signal of 3rd DT and break lower or sideways to the O/N. Should that happen, it is Long into F-M long Rig.Nota
Add heavy to Short with Wide stop or close stop at 650. If you can at 600-625. Major Air Pocket and just needs a nudge.Nota
22,620 now is next move for the day. Will move up or down and that move should be it. Hopefully down, back later starting to chase/force this as it may not be ready. Let it go and walk away. Nota
22,550 and under is the idea. Hit or near take profit or strong short should it go and stay under, until the Close or O/N long magic zone.Nota
Here we go drop or pop at 640Nota
No stop and will add on the lift, aggressive and do not follow if you are unsure.Nota
These breaks usually fly up and then drop to test. Need to be on or usually miss the drop.Nota
CPI and U Mich today, may be C Ball? To redirect the Lift Rig.Nota
Well, we will have to see the O/R and 9am CT U Mich reaction. Inflation release seems to do nothing. Or, something if the lift has stopped. No lift in O/N = no lift in Reg Session, usually. Nota
Holding Short here. Under O/N high if you are looking to go.Dagangan ditutup secara manual
Will let it ride Short and check back on Monday or later should it actually move. Too slow for me. Nota
Extremely low volume, this is all noise. The recent 1,000 (21,700 - 22,700) points are fake and will be retested.Nota
Have a great weekend, leaving now. NAZ may struggle to get lower, but will go lower for a few days. 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.
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.