NAZ near lower YTD Channel after struggling to get lower during lower volume Holiday week. Usually the next move is back up the entire distance of the multiple day decline and this is typically done in the off session (non Reg Session) over 1-2 days. A Gap up may show up on Sunday and if so, retest gap drop then up and away. Should that not play out and the NAZ heads south, use yellow arrows and TLX's below (red lines) as targets. Chart is general guide for April and not a typical daily forecast/post. BTD/FOMO Forever and Go Fed.
Nota
Today should be Long from ML O/N up, or 15800 zone. Or, Pop to 18600-25 with stall and lower retest at O/N low 18445. Pump/Dump is not playing out so the next trick is drop/pop with FOMO's at the Open. 1-way runner lower would just be insane and that should of happened months ago, why start now.Nota
Strong Support at 510, 495 and 485. Long on Hold and strong Short on drop below with not Pop back above.Nota
470-80 to 560 retest 1stNota
Typical games and nothing has changed as of now. Air Balloon up unless you se the push/pull PANota
NAZ may stay inside O/N Range and churn around. Aimless with little strength in Reg Session and will need to go sideways until next O/N session or Short this.Nota
O/N continues to be the Boss, watch head fake longs todayNota
VIX up 6%, what is that bout? That is big for today type days.Nota
Back later, So far NAZ is playing out with Gap, Gap Fill and Pop. Opening statement from Saturday. Just watch the KL 592-514 range.Nota
May see decent sneak drop this morning as a drop test, under 18610Nota
Dollar Up, BCoin down, Vix Up and Crude Up , NAZ is Flat. RIGGEDNota
O/N to the rescue as the sideways is most likelyNota
Just watch 440Nota
Forgot, 10YNH lower (yield up), RIGGEDNota
NAZ will act normal and drop soon, prior to a retest higher and may try 592 again.Nota
A Flat to negative Monday should set up a Drop for next few days. O/N will really have to deliver tonight, if so. Go Long 1st move in O/N until near Open.Nota
NAZ getting near its Viagra Time (O/N), starting to move up.Nota
Thinking the O/N pop up may have 1-2 more shots and then the drug will loose its effect. Will need a Reg Session Viagra or mega dose (24 hour). Go Fed.Nota
The 440 hold did get as high as 515, for now. The jokes that I make regarding price action is based on the fact that the NAZ does trade with type very different types of PA based on the O/N or Reg Session. The O/N will lift while the Reg Session will usually sell off the O/N lift. Predictable pattern and just getting to be a joke (after 12-18 months or so).Nota
Today will be very interesting in Open Range (Reg Session), VIX up again, B Coin -5%, TSLA -1.6%, FNG1-.30%, 10YN been lower past 2 days, Dollar has been up, all LC Tech are in the red. May (or should) see 1 way runner lower and if not just BTD, FOMO to the moon as you just can't fight the Rig.Nota
18442 is blocking on way back up, 840-820 is range to watch and ML O/N for pop test and reaction. Back Later.Nota
Needs to pass 265-85 for pop throughNota
Extremely weak jerky PA on low volume, today is nothing and O/N will redirect this back up most likely.Nota
4/3 Update, 350-250 is range to watch. Go back to last weekly post and I mentioned that the NAZ would go up on low volume Holiday week and drop this week. Daily volume is 500-600k NQ Contracts, not low or high just average. The NAZ tends to go higher on low volume near key times such as O/N, Dead Zone start (9-10 am ct), last 10m of day. KLOD today is 18353 and ML O/N is 18300, yellow arrow is range for trades and use the Red TLX's for entry/targets. Nota
Mentioned 340-80 as TZ and NAZ has turned and dropped for near 100. time for sideways or redirect up or sideways and drop for 100. Just watch that pattern and use my KL's/TLX's. NAZ is popping off 18258, yesterday ML O/RNota
Back Later, Go Fed, Powell is to talk later and may give a comment that will at least create a wiggle or some good movement.Nota
285-95 looks like strong resistance and TLX 236 hold is a Long.Nota
260 and above should retest 18300Nota
Just watch Hook Short at 426 no passNota
Go FED, we need the juice, Print moneyNota
NAZ should drop when he is done talking, or BTD FOMO Up UPNota
He needs to mention AI a few times or this may sink.Nota
426 Hook Short try #1Nota
Someone just said AI, NAZ will not need the Viagra today.Nota
AI mentioned 3-4 times and no lift, go shortNota
404 is Mid of TLX 378 and 426Nota
At TLX 426 I am Flat, too long of period with no strength. FYI, many times this is a signal of pop to follow so do not follow me or place a stop under your long. May see curve ball drop as a surprise. Volume average, NAZ will need some tricks to get up.Nota
O/N has been lower to flat past 2 days and Dead Zone is not delivering today, this is a major change, just an FYI. Those two produced most of previous recent gains.Nota
Zero gas, this is very odd. Markets are just half dead unless there is money from the Fed or back stops, etc.Nota
403 test and wait on reactionNota
Watch for negative Ticks and the NAZ lifting, that is a Head Fake signal.Nota
Ticks need to go positive and NAZ needs to pass 426Nota
Tricks or bust for the NAZ. Looking tired.Nota
Nasty and why I am flat. Pick your trading times well, many will just spin you all over as you get more confused. Low volume is helping this jerky PA. Back by the close.Nota
4/4 Update, O/N volume is lower than normal and chart is 4HR for today and Friday. Mentioned yesterday (when I went Flat at 426) that the NAZ would need some tricks to get higher. Then, the NAZ drop/tested to the white arrow (could be base retest) and in final 30M and O/N ran up 175 points. Chart below, today KLOD is 18357, Yellow vertical is range and white is Long zone, Friday is break out white or yellow arrows. I would think that the NAZ will try to get back in the YTD Channel with the typical Friday - Monday Long Trade. Nota
3 LC Tech that need to fall are AMZN, GOOG, NFLX. GOOG is lower today, should these 3 drop from current highs, we may see others start to lift up. This is how the NAZ is stabilized, we never see a straight flush and most likely will not.Nota
KL 18590 rejected the NAZ about 20 times, this is another retest and potential break though, review past few posts. This will be interesting and a major retest. During Reg Session is real and O/N is just a fake attempt.Nota
Final 30M of yesterday close and O/N 220 point pop on lower than normal O/N volume. I would wait for a stall and retest of KL's and look short for Pull Back. Back after 1st 30m Open. Taking some Short at 540 will 100 point stop. 450 is scalp short target.Nota
Volume so light that I just do not trust any move and looking for some push/pull which we have not seen. If push/pull does show up, careful on any long until the machines are turned off.Nota
NAZ will need to get above O/N high and stay above. Usually will not and falls bock under eventually.Nota
What will happen is the O/N trade that many did miss will need to keep moving up or if no up it will drop back in O/N Range to retest and create some points and then make next move from there.Nota
TSLA is dropping and NAZ is stalling, watch yourself if long.Nota
Dead Zone magic up or Push Pull will come in heavy, I will move my Short stop to 18600Nota
Stop at 18560 and looking for NAZ to roll over in DZNota
O/N continues to be the Boss and if you do not get in prior to Reg Session you have missed most of the moves. Sideways to nowhere and BTD FOMO, Go FedNota
Waiting on the Push/Pull and may happen under 540Nota
Some Machines are switching over and the battle begins. The entire range of 570-510 will be in play and I am moving stop to 18600Nota
Back later, rigged garbage is what this has become. The O/N is where you need to focus and less in Reg Session.Nota
Covered some at 490, 50 point runner, stop at 18560 nowNota
Should push pull not get crazy, switch to long as this will go sideways to up for O/N LiftNota
490 hold is 590 retest, closing other shorts and waiting on Long signal.Nota
This has been the slowest PA I have ever seen. It is hard to trade SLOOOW PA. Slow, light volume and off session moves. These are all the hardest, weakest and rigged conditions. The fact that the NAZ usually lifts up in these conditions (primarily) is a huge signal.Nota
Should of stayed short, looks like pump/dump day. Just illegal.Nota
TLX 478 Long with stop under is play. Target 18510 and 18540Nota
FNG1 up 1%, NAZ should PopNota
Back later and flat here after a few scalps, just keep your eye on Failed Auction zone below as they usually come into play when the NAZ stalls or struggles. If hit, great Long Entry 18400Nota
518 is next KL to pass and stay aboveNota
Earlier comment of "what will happen" is playing out and will continue as long as NAZ is under ML O/R. Play 18540-18460 until break out and stay out.Nota
540-460 is playing out, look for Break Out Stay OutNota
May try FA Zone at 18400Nota
Should of stayed full short from Open. O/N Pump Dump finally broke out with little Dead Zone magic lift or FOMO.Nota
KL's for O/N and morning. 150-960 should be range for next move.Nota
I adjusted the YTD channel as the lower end has dropped 200 points.Nota
Yesterday I mentioned the Push/Pull PA. It did show up and when you see it do not look long. It will end and the NAZ can lift and usually does. Prior to the drop, all was normal and then selling volume picked up.Nota
150-130 is range here and a drop below 130-20 may revisit 100 and O/N Low.Nota
Back later after the Jobs Number, just do not trust the O/N as it can easily set up the Pump/Dump. Need to see the big volume of Reg Session and if the Reg Session wants to take over being the Boss. Yesterday's big action could easily be followed by a bigger reaction today in the opposite direction. If not, then look for the push/pull.Nota
All world markets and indexes are lower and the O/N is up in US. This was the case all of 2022 when the NAZ was lower all year. Get use to it and watch the seesaw from O/N to Reg Session.Nota
Many of you that have been following me will understand the following: For months we have seen the O/N be in control and the Reg Session do very little, this is not normal. We may be seeing a change back to normal and if so the O/N will start selling as opposed to just lifting most Reg Session drops. Should this happen, the two may drop this quickly on heavy volume. If not, then BTD/FOMO is back on this decent drop.Nota
Watch 130, mentioned it earlier.Nota
18087 needs to holdNota
KLOD hit and no pass go shortNota
NAZ will play O/R and O/N levels. 18190 is O/N Top and KL here.Nota
Back Later, Short under KLOD with stop above. This may go sideways all days and actually pop up by EOD.Nota
Sideways and then a 100 point move, not sure on direction at 360Nota
Hook Short potential at 360Nota
Upside down indicators, that usually is followed by drop in next day or so and not today. May see Failed Auctions all the way up. Nothing has changed.Nota
Unless NAZ sells off by close, it will just go back inside the channel and retest KL 590 again.Nota
409 spike may be drop test set up, target 306 on drop. Unlikely but what may happen.Nota
Anyway, notice how today has zero push/pull as compared to yesterday. Need to see fast push/pull PA in order to support any short.Dagangan ditutup secara manual
PA is insane, Flat and done for the day. Trade micros only, I trade 5-10 minis, too much heat.Nota
4HR above, not 30MNota
Just checked in and NAZ just can not break out of O/N Range, O/N continues to be the Boss. BCoin/TSLA will offset APPL/NVDA drop. Just wait for one side of boat day and get short.Nota
4/9 update, out this week. O/N Pump/Dump play may be at work, we will know at Reg Session Open Drive. O/N Volume is low and yesterday entire volume was off. The lower volume days tend to lift 1st then get followed with heavier selling volume. KLOD 18306 is retest and Long above and short below. Yellow arrow are general targets. Nota
FOMC Minutes are tomorrow so any strange lift may be just another drop offset. FYI, NAZ lost 37% in 2022 and gained 60% in 2023 to get back to even but the 2 year average is +11.5%. In 2024 we went about 11% above 2022 high and have dropped some since. 2 year dead money in my view. NAZ will have to break up or it will provide better returns on the short side should the PA be better at the prior KL's. Just careful with any chasing on the long side.Nota
17530 is Mid Level of YTD Range, KL to watch.Nota
O/N Pump/Dump, again. The O/N has not had a Limit Down session since 2020 (Covid). Zero in the 2022 Bear year. We are due and if so, the O/N may reverse the typical magic lift or setting up Pump/dumps. Now watch the sister (Dead Zone) works its Long Only games. NAZ will need to bust out of this range to the upside or we are going lower in next few days.Nota
Just amazing slow PA with no real strength. I may suggest to not trade after 1st hour to 90 minutes and let the balance go. NAZ is stuck in O/N range after that period. This is why I am out this week.Nota
4/17 Chart Update. Still out - look long today. NAZ did usual O/N U-Turn set up signal at 1am, not sure if we hit 17550 today or this week should the Reg Session have some buying. For now 17750 - 18054 is range to watch. Open may retest O/N low and on hold look Long. If lift off and no retest, this can keep climbing and retest 18590.Penafian
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Penafian
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