Short

NQ Short (12-09-24)

Updated

NAZ may be looking at final week of heavier volume this week or next, prior six trading days had volume 400's and should see NQ get in 500-600's with any selling. Expecting a drop test, chart below: 22,300 is max lift zone and may be near 1/25, two small yellow circles are drop zones and potential U Turn Zones, 19,890 is the deeper test zone with hold U Turn, no hold is drop to large yellow circle. 22,000 - 20,725 is range to watch for a break out. The NAZ may be in a slight upper break now from 21,200 and looking for a stall out.

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30M/IDS27 View, O/N did poke or test above, look for Reg Session to stay in O/N range and then break out. May se 2nd half of Friday-Monday Long play. That lift may be the needed buying that will allow the smart money selling opportunity. Sellers need buyers in order to exit. Looking for some Push/Pull and whipsaw signals, NAZ just lifting is not normal and too easy.

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1st 5 min and notice Push/Pull

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NAZ needs to stay above O/R of Friday for Long side. If so, stay Long until it fades. I am looking or staying Short.

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Add to Short, KL 551 target.

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Target hit and stay short under KL.

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437 KL out on short.

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437-551 is range.

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Trading has become a clown show with most PA going Long in O/N and selling in Reg Session. All a Trap.

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VIX is up 7%, selling should continue under today's Open Range. Dead Zone life is the test or opportunity for some buying to help some selling, battle on.

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10YN drop is next push (if so), 1st Signal.

NAZ sitting at top of 1st Turn Zone from last week. No hold here should drop and a Hold may POP. 2nd Signal and 1 way ride lower.

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Today is very close to an Outside Day Reversal, FYI.

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NAZ is staying in the range for now.

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551 and under may retest 437. Out for balance of day and Good Luck, BTD/FOMO Forever.

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Quick move back lower.

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NAZ stayed out of ODR (outside day reversal). This may be enough to hold off the deeper drop after the O/N Riggs it back up until tomorrow's Reg Session.

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12/10 Update, 10YN is dropping back under. Keep an eye on this.

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O/N is propping up some and may see O/R drop retest of the O/N low. The Chart below is the range to use and I will believe a big drop when I see it, scalping shorts for now. FED Day is getting chatter and we know the 1st move on the day will be higher. The big short would have to come after that and then you have no volume weeks until 1/25, so those days will likely be higher. Big drop may not be until 1st or 2nd week in 2025. Know the games and focus less on the technical, think like a Clown and you may actually trade better.

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Under 21,600 is 1st attempt at Short.

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520-590 is range to break.

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Clowns

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Danger Zone alert and expect a drop or a U Turn. Drop under will try 140.

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This chart will show wide Black Zones that are Reg Session heavier volume. You can see how most days do not show much movement during the Reg Session. Today is heavier and flipped the direction, so it may get interesting or move big in either direction. Do not worry as the O/N with no volume will most likely redirect it back up should it drop.

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10YN update

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3 day KL 440-50 retesting with volume picking up, NAZ may break under and move some should the KL not hold. NAZ is trying again now.

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NAZ does break below KL 437, just watch the head fake either way. Stay short or go long with a stop, this will wiggle like crazy and pop up if U Turn.

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NAZ is under KL 437.

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The early morning Short call at 12,600 looks like was the longest. Now the O/N Rig Team will or may try and prop it back up.

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Full view of Reg Session price action. Final 10 minutes and into the O/N the NAZ pops 50 points. This is the battle that appears to be just continuing (after 3 years). From Final hour low, this was near 100 point move. Scalping short is better than hanging on for the big drop.

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Should this level hold, look to go Long as U Turn will play out and NAZ will move 21,700 in a few 30 minute candles.

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12/11 Update, 475 is long above and short below. U Turn back up is highly likely or that is what they want you to think?

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Just expect 475-550 range to be played in prior to next move. This is my original Zone for the move back lower, the issue is Friday-Monday Long Prop is near. This may prop back up any drop. Or let that pass and wait on Short, then you get the low volume balance of month, so back again. Just looks like the Big Short is 1st or 2nd week in 2025. Not feeling it just yet, scalping Shorts until break out.

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Today, NAZ clearly staying under 475 is Strong Short and may try 140 KL.

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Yellow arrow is Open, NAZ gets moved Pre Reg Session. Mentioned yesterday couple 30M candles to 21,700, we are close and since the O/N propped it again, the Short is most likely out until Tuesday unless the NAZ drops prior to Friday-Monday Long Rig. BTD/FOMO Forever plays on and on and on.

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Target hit and sideways to lower and back up is expected.

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21,700 and under is drop test. Need to see it stall out some prior to the drop, if ever.

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OK, simple patterns keep repeating and now we see an Air Pocket developing which is just a note and expect a drop back lower in next day or so. This will most likely NOT happen during the O/N but in a Reg Session.

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NAZ back to upper TL zone, may get rejected or rotate around for a few days. Rigged and just 1 way strength up as any drop just seems to struggle.

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Sitting on the TL, too easy. Still looking for the drop that will move twice as fast and twice as far as we just saw the Long Pop produce. Struggles to get lower but lifts with ease. That move will be a major turn of events.

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Divergence Air Pocket below, review prior posts and note how many times the rebound is near. Like clockwork, usually within a few days.

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10YN update, shouldn't this be moving up? Currently yields are going higher.

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Smell something fishy here. Called U Turn at close yesterday, just too easy and that is not normal or just another Trap.

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So the NAZ will either go straight to moon (never done) or the Post forecast will end up being a H/S play. We have left should are at the head and need the right shoulder.

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May see quick 100 point drop test here. In normal days, these are not those, but watch.

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70 points, Air pocket letting out.

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12/12 Update, 100 drop but not quick. NAZ continues to struggle to get lower but will just pop up with ease. Chart below is previous H/L limits with mid level and blue is yesterday Open price. Look long above M/L and 590, strong Short below. 10 YN is dropping and that will get noticed eventually.

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10YN update

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Diablo and divergence set up the drop, NAZ needs to U Turn this move near or in O/R, the big selling will show up.

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H/S play or bust, that may take some time to play out but loos like it may.

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700 hit, back up or 615 is next.

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21,680 is looking to try and pop it on hold.

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615 near hit pop. in the range.

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680 KL and under was stop clean out for the pop back up and above KL 615, long zone.

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NAZ needs to stay above O/R of yesterday in order to go higher. O/N lower, O/R lower and Dead Zone lift. Typical moves and NAZ will try sideways to O/N and back up into Friday-Monday Lift play.

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Watch for 100 point drop here to 590

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10YN may break lower and stocks may follow. NAZ is in narrow sideways range.

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NAZ keeps retesting 680, needs to hold or lower we go.

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10YN is not holding.

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615 was Long zone, anytime the NAZ gets near the Danger Zone, Go Long. It will not drop but will retest or come close. The time it does not hold will be the Big Drop.

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Hit 605 and bounced 70 points.

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H/S is tracking yellow arrow, that would be freaky and would just bust the long standing Friday-Monday Long Trade pattern. Highly unlikely and I will believe that when I actually see it.

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Todays price action after the mega U Turn away from the danger zone yesterday is a Red Flag, I believe the turn is near. Providing the F-M move does not happen from now through Tuesday.

Trade closed manually

12/13 Update, I am not making it up about the O/N Rig play or any off Reg Session price action. The note above was at market close and after the Push/Pull reg session that had no direction but slow lower weak moves. Then we get a Gap Up in to Friday with the Overnight (Trick 1, once again and not Reg Session) redirecting to the Up direction for the Friday-Monday other trick (trick 2). No prediction today as it really does not matter if the NAZ falls, we are looking for a Flash Crash drop at this point. BTD/FOMO until 1st or 2nd week in 2025. Good luck today and I will post another weekly and final post of 2024 next week.

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10 YN update and yes still dropping

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M forming in the Head of the H/S, if so that will be nasty. So expect the opposite move 1st in off reg session periods and the Dead Zone. Mag 7 are holding entire market up and new Pres will to everything to look good (on his watch). Add that to the other Riggers and we may see BTD/FOMO Forever (at least 4 more years). The other play is the Drop prior to 1/20/25 and then the pop back up (more dramatic and theater).

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680 gap fill retest and no rebound would be the curveball of the year. Lets see if the current O/N rig is a set up for that.

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Air Pocket pop to drop as many individual tech stocks are not up much. Although it is Friday so who knows.

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Top to watch

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Need the M to play out and looks like it should, which means go Long if not.

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M for Magic or Pump/Dump Move.

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Gap retested and looking for break down lower now.

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Air Pocket to KL 680, Hit

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Long or Long head fake and Bust lower, this is it my friends.

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Now sideways to nowhere game to O/N, this will shake you out and then makes it move. 680-780 is range.

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10YN is still dropping

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M to H/S is the idea, I am done for the day. Should the F-M move not happen, we are going way lower. Long Trap is set if that is the case.

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Not sure what is keeping the NAZ up, 10YN is at low and most Mag 7 are negative, may see drop by Close

MAZing

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