NQ Range (11-18-24)

Updated

So far the YE Forecast post is holding true. The NAZ did take 1st move higher (Election & Fed Day), any Gov't related news/event usually move Up 1st. The drop back down will need to stay above 19,890 (U Turn Zone) and strong short under. The 3 white TL's are what to look for and use opposite direction trades near these. Remember, Holiday weeks and December generally will try to move up as these are lower trading volume days. Any significant drop will most likely be redirected during the period. 1st Q 25 may be a clean out of Rigged Froth.

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Trade closed: target reached

Yellow arrows are TLX Levels and these are reliable U Turn Zones. Should the NAZ Not U Turn it will drop big and do Not BTD until it goes sideways for at least a few days to a week. Go Fed (while you can), new Sherriff in on deck. Or maybe politics will seep into Mag 7 Rig Plays?? Problems happen when the Eggs are all in 1 basket (tiny basket, big eggs). Consternation on steroids. Just watch to see if Monday Long Play helps the U Turn attempt, this would most likely not be during Reg Session.

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TLX did pop the NAZ up in O/N for about 200 points. The Reg Session today should retest O/N H/Mid/L and then makes it move. The Reg Session usually has Zero strength VS the BOSS (O/N). Since it is Monday, may see pop attempt to fail/drop or just another version of Pump/Dump out of O/N.

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O/N Range 30 minutes until Open, Opposite direction trades until break out.

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Looking like U Turn attempt just above TLX 450. Stall drop is what to watch.

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Keep an eye on 10YN

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Stall out should retest Failed Auction zone of 550.

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Under 700 is a Short to 550. Use a close stop.

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Clown show, do not chase.

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Interesting and should NAZ not drop and goes sideways to the O/N it may rocket up. That is exactly how the previous 35 or so U Turns have played out. The O/N is THE BOSS and any light volume session such as next week will usually push this back up, 95% of the time. Do not for in love with your Short potions as it has not worked for the strong move lower. NAZ now is playing the upper edge of the O/N High. The BTD/FOMO's are still in control. If you are short, lower stop or trail it lower and expect to get stopped out all the way lower. Reversing to Long is not the play just yet.

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Trying for 550 FA Zone, look long above and short under. May hit and bounce back to O/N high near Close or O/N.

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Sideways to the O/N, next move is up until near Reg Session Open for Tuesday Pump/Dump or the U Turn will develop during the O/N Pump Job. Old patterns are holding true, scalping shorts during sideways in best.

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11/19 Update, O/N Magic lift did not show up and NAZ did take out FA Zone 550. Still Scalping short and getting out (until break out lower) is best. NAZ still seems to have the strong force that wants to BTD or FOMO.

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Drop below TLX 450 and U Turn attempt #2. The 2 white lines are the range to watch at breakout.

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Every drop just retraces directly back up from drop zone. BTD/FOMO's will not let go.

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See what I mean, NAZ back to original 700 Short Zone from Yesterday. You Have To Scalp this Noise.

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Looking like 2nd hit at 450 TLX, U Turn to KL 981. Under 981, may see anything inside range.

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NAZ needs to stay above 700, may retest. I am flat and was not expecting another U Turn so easily. Crazy to the Long side, still. BTD/FOMO Forever.

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Dropped to 720 and popped to near 800. The risk is that Friday-Monday Long play into a low volume Holiday week (which is usually Long, Long & Long). The drop is due and may not actually happen until January. Today looks like typical U Turn PA and may be head fake should F-M not play out and start some deep selling. Do Not Fall In Love With Any SHORT. Scalp, Scalp Scalp until some strong force shows up.

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11/20 Update, NAZ is hitting a Diablo in the O/N. 2 yellow arrows to the right are targets and range through Friday.

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10YN may drop and retest and take equities with it.

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Do not F with the Diablo.

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Lower target hit and O/N is erased.

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TLX 450 seems to be the floor, for now.

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All red on the board today. Notice how the Reg Session either drops or erases a pop from a prior day. The O/N is the place where gains are made and that is usually it.

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This move looks a little fake. May be Failed auction bust.

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Short below 800. Looking for major direction change. Diablo retest on 30M.

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FA cleaned out after drop and back up.

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Back to scalping on short side as BTD/FOMO's still in control. O/N will have to Jack This Up or the NAZ is toast.

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11/21 Update and looking like U Turn play out of Propped O/N and into the Friday - Monday Long pop and then you have no - low volume Holiday which should place the NAZ on Jupiter. Just saying, that is what may happen or the exact opposite. Just wait on the breakout and confirm. Sorry can't be more helpful as we are dealing with a Split Personality that literally trades differently depending on the time of day (O/N, Pre Open, Open Drive, Dead Zone & Close). When you figure it out, let me know.

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O/N Pump/Dump

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NAZ is rotating around the Diablo, looking for a move away and lower is choice 1 and pop would be in O/N or next weeks low volume.

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Dead Mid Range of what appears to be sellers getting out and buyers getting in. Who will be correct? It will be a major move when it actually happens. Go with Long in O/N or near, Short at Open Drive or Reg Session that is dropping hard. Other than that, BTD/FOMO Forever and especially nest week when nobody is working. Uber is hiring and you can always deliver Pizza until trading comes back.

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This looks upside down on indicator. The O/N will try and pop into Friday and if not that could be a drop test into Monday. Next week may see the counter no volume drop to pop move that seems to be lingering.

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11/22 Update and NAZ lower in O/N. We have seen some 2 way PA with flipping during session changes. O/N is (Jekyll) and Reg Session is (Hyde). Chart below is daily and we are near the last major Holiday high (7/4). KL 981 is Long above and under is Short. 17,027 is 2024 Open Price. 18,750 is Mid of YTD range and I am going with that unless the Low Volume Holiday Rig Team can spin some magic.

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Nothing doing NAZ on a Friday, oh my.

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11/25 Update, You can see the Friday-Monday Holiday week Rig Pop playing out with the Overnight Gap into the Open Drive. Low Volume to No Volume is 1st move up. I am out this week but will check in from time to time.

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Review my previous posts, I have 4-5 years of daily calls. The pattern of using the O/N to prop the NAZ up is very consistently used during Pre 3 day weekends, any Holiday week and typically most Friday-Monday combo sessions. Any low volume trading period usually moves Up 1st and then you usually see the drop retest in the higher volume (1st hour) session only. After 1st hour, back to low volume snail lift up or sideways to the Safe Zone (Overnight) for the next rig move up. I am just waiting for the heavy volume flash crash the will cleanout the garbage, BTD's and FOMO's. Thing January after holidays are over.

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Typical Pump/Dump

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Target 20,645

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Gap fill, sideways to O/N and then up in O/N. Unless some heavy duty selling shows up. Rigged with O/N lift or drop offset. Go Fed.

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Good luck, this has to be the strangest weakest bull rally that I have ever seen, just looks like a huge Long Trap for the BTD/FOMO's.

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Closing post, will start new for 12/2.

MAZing

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