Short

NQ Short (10-28-24)

Updated

No strength NAZ is stuck in a range, only time the NAZ does so strength is Long in O/N or maybe a drop during Open Drive. Other than that, sideways is the direction. Yellow arrow is range for breakout, previous drop did U Turn in the zone and next retest (zone) will break through for deeper drop. TLX 20,453 is KL to watch for next move. Long above and short below.

Note

All O/N Rig Lift, again. Went with Short this week as I thought the curtains would close on the clown show. Long above 20,453 is 200 points above and at top zone for next test/move. Open Drive or Reg Session will provide the next power or confirmation. 20,900 or ATH, why not at this point. Current futures O/N volume is 58k, just amazing with the ratio/direction vs Reg Session. Must be a reason behind the stabilizing, we will soon see.

Note

IDS27 is showing Air Pockets, just watch typical predictable O/N Pump/Dump near the Open Drive. Groundhog Day, great movie based on Trading the NAZ.

Note

Air Pocket example is Friday's AP Call, line up white arrows and look for Divergence with Price level and No Stoch Bars above Mid Line in low indicator. Eventually the AP will bust and price will drop. One is developing now, only twist is that the O/N Rig may trick the machines into a Long move near Open (since it is Monday). When that happens the AP turns into a Hook Long and the NAZ will take off Long (with the BTD/FOMO's and basically everyone). I will update later during the 5 hours of sideways Price Action during the Reg Session (when I deliver Pizza's now).

Note

Notice how the NAZ stays in the Channel, look for move once it breaks out. Just watch the Short move head fake.

Note

AP dropped but hit TL and back up.

Note

Crude lower 6.5%, what is that about?

Note

Boeing may be the Black Swan that shows up. Look for reaction as this huge market cap and employer plays out.

Note

Going Short under Arrow for Open Drive drop and O/N Pump/Dump for a scalp.

Note

Drop Biacth.

Note

Biacth in Heat.

Note

Watch 20,600 and NAZ staying under.

Note

Sideways to lower under 600.

Note

You can see how the O/N drop offset is used to stabilize the NAZ. Been the play for nearly 3 years.

Note

Now Dead Zone back up some or NOT. If Not, big move lower.

Note

Clown Show, Rigged by the The Boss.

Note

Back later, going to deliver some Pizza's. NAZ is waiting for lower volume to redirect the Price.

Note

All push/pull, expect a drop should the Magic Dead Zone not lift it back up.

Note

P/P is persistent, unusual/not good for a Monday. I am just waiting until the sideways to close and O/N lift play breaks down. SHOOOORT.

Note

Chicago Crust to the Close, back near EOD. O/N with double topping of Rigged Price Action and Clown Sauce.

Note

We are 20 minutes to final hour and sideways most of the Reg Session. IDS view, the NAZ will not drop, there is a mysterious floor that seems to hold up the NAZ (most days). 480 is Gap fill and 453 is Drop Zone or U Turn. NAZ is clearly trying to get to safe zone (O/N). Look for that or drop to KL's and U Turn in O/N. The Clowns do have some power it seems or maybe this is just a Clown market.

Note

Sideways and not tradable, 40 point range all day. I made more money delivering Pizza's during the Reg Session.

Note

Clown show continues, Up in the O/N and down in the Reg Session. Pretty complex, add in the sideways and your are all set.

Note

If you deduct 50% of O/N Propping the NAZ would be at 15,000 or so. The O/N redirect keeps the entire US stock market up/stable. The Mag 7 represent 45% of the US stock market. This is why I poke fun of the O/N, Pump/Dump, Sideways Reg Session and various strange low volume redirects (always up). 5 of Mag 7 report this week so we may get more (after the close) pump jobs and if not, lower we really go. Or Fed Day will redirect and if not you have the election that will redirect. It is just hard to get and stay Short, if you really think about it. Then after that, you have low volume Holiday month of December. The drop may not show up until 1/25 just like 2020.

Note

10/28 O/N sideways play. Only if O/N does not provide usual lift.

Note

KL 453 hit and U Turn attempt.

Note

10/29 Update, No O/N pop and that is huge. NAZ needs the O/N boost or lower it goes in Reg Session. 490-520 is range to watch, Push/Pull still playing out since yesterday.

Note

U Turn attempt #2, one hour prior to Open, Perfect timing. Up, stall, drop is the flow,

Note

Yellow Arrow lower is the idea or U Turn at 450, pick one.

Note

Bust out or Pizza Delivery time.

Note

Short under 20,600

Note

Hook Short or pop up near 20,600

Note

NAZ in sideways channel side 9/19. The move may be a pop way above or slight pop out to head fake drop. I am tilted to the Drop and may Short this once I get back from delivering some Pies. Go Fed, BTD/FOMO until 1/25.

Note

NAZ took U Turn up from 20,453 and hopefully you picked that one. FYI, many times the NAZ will move in the opposite direction prior to the bigger real move. This is the 40th or so U Turn near a Danger Zone and may be extending this play.

Note

Bogus call on the 600 and under Short. When that happens (and it does) close or reverse. The Long until January may play out or we are setting up the Short now.

Note

660 is retest and short under, long on hold.

Note

FYI, upside-down day and these usually drop in a day or two after the lift.

Note

W can turn into an M for Meatlovers Pizza. O/N will have to rig it as much as possible.

Note

AMD is down 6% in O/N, lift up could be to offset this. This is how it is done. 10 YN is still dropping, Yields Up. All part of the Rig/Clown Show. NAZ is basically at same level as a month ago.

Note

Strange day today. FNG1 was up but can't track why or where it came from. Not adding up. SP Flat, DJ lower and RTY lower.

Note

10/30 Update, Just can't buy into the lift or any moves up until I see a deep drop test. Play for today. Month end is today and tomorrow and could create some window dressing or locking in any profits, which would create selling. Looking at yesterday as a Reg Session Pump/Dump.

Note

1 hour until Open and under Diablo, needs to stay under.

Note

NAZ has hit KL 650, look for next move and pick one (feels like Groundhog Day)

Note

Push/Pull No Strength NAZ is back, Dead Zone is only hope on Long side.

Note

Under 20,430 is Outside Day Reversal. Look for it.

Note

Watch the 15M turns and stacking of inside 30M candles.

Note

Long Trap or back up to ATH, the battle continues.

Note

NAZ at next move spot for back lower or move up.

Note

720 is turn zone or back up. Go to deliver some Pizza.

Note

Sideways on 650 and expecting a drop later.

Note

NAZ is lower but just seems to struggle with any drop. O/N will most likely jack it back up, as usual.

Note

W to M for Meatlovers Chart.

Note

EOD and 1 hour after close, the NAZ got near. Back up or way lower.

Note

10/31 Update, So if you go back to Tuesday 10/29 and the Bogus 20,600 call Short, I mentioned that the strange moves typically will drop in a day or so. Here we are now at 20,300. Today really looking to see how the Friday-Monday Long play is set up, this F-M play will be the rocket or deep drop move as we approach the election and month end is today. Anyway, today and tomorrow are key days to not make any mistakes.

Note

30M thick MA is great moving average, 75 WMA on 30M Chart. Long above and Short below, NAZ will retest, hit bounce and direction change. This is a great MA to use.

Note

On this chart the vertical Shades are Time Periods when the Clown Actors have a wardrobe change and price usually reacts. This may help you with your Clown management.

Note

YTD Weekly chart, looks like 20,500-600 is the KL/Zone to watch and rejection is Short and Long with break through. Rotating around is the challenge or noise.

Note

Notice the yellow dot levels over the next month and into December Holiday volume.
Pop/stall/drop OR Drop/U Turn/Pop

Note

Wardrobe Changes and moves.

Note

Range

Note

Watch the move back up or not.

Note

New Clown costume attempt

Note

M Meatlovers play is going with the Sheet Pizza option. 960 may hold if we get that low.

Note

NAZ at U Turn 1st test level.

Note

Dead Zone no lift so far and No Pizza Deliveries. O/N no lift, Open Drive Drop and No Dead Zone lift = NAZ Drop as the Long Trap plays out.

Note

Combo view and MA's.

Note

Trying for U Turn into the O/N as usual.

Note

11/1 Update, NAZ has stayed inside the Monday Post forecasted range, we are at Friday and need to see the typical F-M Long rally. We are in U Turn position and it is Friday, election next week, Fed Day and new month. The BTD/FOMO's will show up, the question is will it stall or not? Look Long above 19,890 and use the Circles as November range targets.

Note

Today is huge key day, yesterday's Contract volume was the highest over prior 30 days and was a selling day. 2 day 800 point move, we need to see how/if the typical predictable Friday-Monday Long trade works or breaks down. The chart below is the IDS27 Overnight, looks like an EKG and is untradable. Push/Pull is your signal today for Shorting. Jobs number release to Knee Jerk move Up may be Pump/Dump set up or trigger to just another U Turn back to ATH. NAZ will not drop easily so look both ways.

Note

30M 75MA, notice white arrows and the current position, pop or drop is next. I doubt there is MA rotation,

Note

Under MA and back to ML Range

Note

O/N is flat as a Pizza, not sure if Long side has any power, will be interesting.

Note

Short under 200

Note

Watch the drop back under 200

Note

130 should be retested by EOD. Looking for Head Fake F-M play. Too easy and been running for longtime. Weak slow lift is signal and no P/P.

Note

200 is KL and above move was stop clean out.

Note

You can see that the 200 level is like a magnet and the trips above may be the selling at price, prior to the deeper drop. Or, this is just another F-M Long Rocket. Nobody knows.

Trade closed manually

Friday sideways and fizzle. O/N next and will need some magic.

MAZing

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.