NAZ took road to upper Target of my (2/10/25) Post. I am looking Short and may be early since we have a Holiday (O/N) session which usually leads to low volume Long only air balloon rides. Chart for this week: Shaded Zone (SZ) is Gap Fill (December contract change) with yellow dash as mid level. NAZ will need to get above SZ, ML SZ and mid level of long term channel (grey dash). TLX's at 22,300-50 and below at 22,037 (may be range for break out). White dash arrow is Long target by month end and Yellow dash arrow is Short target by month end. NAZ did get above the sideways range that started in early November, 2024. The prior 4 times this has happened, the NAZ fell in and dropped nearly 1,000 points each time. Three of these drops moved the distance in a few hours to a few days. Long play is fine this week, should we see Push/Pull jerky sketchy price action, look Short. Prior 3-4 month narrow sideways PA has been setting up a big move, not sure on direction but thinking Short.
Nota
2/18 Update, I like the White Dash arrow as range for this week. NAZ had U Turn (in O/N on a Sunday) on 2/9. Then snail lifted to the end of last week and is now in extended weekend lift mode and attempting 22,350-70 KL's. The two white arrows are off session rig plays, you need to watch these levels. Nota
4 HR, Here look at the 2 Orange TL's and range in between. Still see 20,695 as major retest level. Upper moves are easy, you can use these Posts for Long trades. The stalling out or Push/Pull price action should bring the Short calls into play. Looking at this chart, would you go long, short or flat? Flat = long (O/N only), Long is slow and reluctant and Short does not exist. I would look Short here for the Edge Trade Mega Move. Go Fed & Washington Street, the Holiday is over an lets see some action. Nota
2/19 Update, NAZ did get lifted higher in final 10 minutes of the close and most of the O/N. Working the lower half of U Turn Zone 22,160-22,360. Needs to breakout with some force or range range range. Chart below will show force by way of orders/volume or trades. The range bar chart will only move when there is activity. The two arrows will show Feb 2 and 3rd, O/N into reg session. White is O/N and Yellow is Reg. Notice the trade activity and compare it to most days after. You can also see how the O/N seems to have more activity than the reg session. Anyway, we are due for a day like 2/3 or 2/4 to show up to the downside. Release the Rooster, already. Nota
160 and up is Rig Zone in DZ. Below will try TLX.Nota
Is the market Open? Zero movement, very strange.Nota
Above chart, 4-5 days of prop moves gone in 30 minutes. Nota
2/21 Update, Interesting day playing out, think of the set up for this. You have a Thursday TLX Hit rotation through dead zone, then lift to O/N (usual). This is away from a Major Danger Zone and into a Friday-Monday Long Rig play. This could be a huge move higher should selling no resume (as usual). Lift will go to whites and drop to yellow. The upper 22,700 is not for today or Monday just a KL to watch. Looking for move back in range play today with narrow weak sideways to O/N for any attempt to lift into Monday and then the selling should resume.Nota
So we are ML Mid level of range and typically a NTZ No Trade Zone. Do dot expect much unless we see a Rocket Up.Dagangan ditutup secara manual
Interest Close today. Many daily charts of various Mag7 look like they can fall off a cliff. Interesting to see if/how the O/N magicians will redirect for Monday Prop Job. NAZ needs the off session moves or Danger in the Danger Zone. Nota
This week's Post caught mostly the yellow arrow, with hours lower vs days sideway or up slightly.Penafian
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Penafian
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