NAZ is mid range of the insignificant churn zone. Rejected yesterday at ML (rejection zone) 19,150. This chart will through Monday close and will we see some off session magic tricks (or not) with the Friday-Monday Long only move. That magic trick will set up the Short at KL 20,250. This is assuming the pass near 19,200-300. No pass (2nd rejection) would set up the drop to 18,000 or so. This will either create a U Turn (with a tweet) or drop deeper out of range and into the Danger Zone. Reg Session sold off yesterday, O/N is lower now and above the gap open of 4/23. Gap fill drop or pop in the Reg. I will leave this open through Monday Close.
Note
19,000 and under or no pass is 1st drop test.Note
Adding at 250 with stop at 400. 385 nay be next text level. Just not buying it and have some points to play with. Do Not Follow.Note
NAZ can move 1,000 points today. Don't worry it will repeat in the opposite direction in a day or so.Note
Google reports, this could be a major lift or a sell the news. Just not feeling it, problem is many with these that I am correct but get the shake out (then it goes). We shall see.Note
Stop off at 19,400 and Close Order at 19,050. Knee jerk up and then drop or reverse that. Note
No shake out or drop, strange.Note
4/25 Update, The play today will be the typical Friday - Monday Long lift toward 20,300 or 1,000 from here. Sounds crazy, I will place Longs to counter my Shorts should NAZ get above 19,500 (Freeze/Hedge). Whatever the case, a no go lift may drop test or head south should the F-M not play out and profit taking shows up. Drop test to 19,200-100 is likely. Note
Back near Open, just not impressed with the price action on way up. Seems off.Note
Pop back up or Hook Short is next, head fake long.Note
4-28 Update, The NDX (NAZ) started the move up with a Gap open and targeted the Diablo TL (Red Line). Passed and will try for KL 20,600, NDX is at upper channel level now and may drop back. Blue and yellow doe is expected retest zone should the index get rejected or stall out. May go back and retest the TL.Note
NDX, today or tomorrow we will see if this is in fact a range of insignificant noise. Note
19,320, the NAZ has seemed to stop dropping and any drop is just fought and struggles to move lower. Once that type of strange behavior ends, the NAZ should drop further. If not, back to ATH or sideways to the O/N lift zone for overnight stabilization R/R.Trade closed manually
Still Short and have not moved, starting to Break Even. Will hang on with like a bad gambler as I expect this to drop further. The Price Action since late 2024 has been sketchy, at best. Review my many prior Post's and you can see the U Turns away from the Danger Zones, O/N lifts (out of nowhere), etc. The games have been only working to maintain a reduced drop and have not produced any significant gains as we are basically flat after 3.5 years. We either see a drop flush out or continue to BTD with the FOMO's as this may be how things are or have evolved to. Will close this out as we drop on the Monday of the F-M Long play. Entry, Target, Exit and block the Noise. The PA is the indicator. Note
Game today is the slow sideways move to the O/N for the easy lift. No drop and should it stay up to the O/N, we will see a lift in the Overnight. Hook Short is fading out, may be a head fake as this is basically a NTZ No Trade Zone day.Note
Adding to Short at 19,680 and additional should NAZ lift up to 19,780Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.