NAZ "Triangle of Churn", all Overnight with some Reg Session today. Seems more like knee jerk strength in low volume (or zero volume) zones. The U Turn off 17,750 was #39 or 40 since 1/22. The 2 Blue lines (upper) 2025 open price and (lower) 2024's. Danger Zones avoided, again (dash line channel below). 19,300 1st Short Zone, NAZ staying under or hitting with rejection may send it back for retest of DZ. 1,000 point days, we can be there by morning. Upper yellow bullseye may be for the Friday-Monday Long play should we pass 19,300. Seems manufactured a bit. Still viewing as insignificant noise/churn until we retest below hard and hold.
Note
Going Short for pullback under 19,155Note
Stop at 19,155, NAZ is struggling to get lower and we are in the Dead Zone lift mover period. Note
Back later, Dead Zone lift may be a head fake today.Note
Trend will change today should the Reg Session sell off. O/N sugar rush only has so much stream. Note
Again, why do they keep pushing the NAZ up 1,000-2,000 points in very short periods, what is on the way? Ticks have been negative for 2 hours and NAZ is holding.Note
Lifting and needs to get above 18,875 or will drop back. At 18,840 now. O/N is The Boss for sideways to higher move above Reg Session Low. Note
Stopped for 250 and watching the O/R ML.Disclaimer
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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.