NQ Range (12-02-24)

Updated

The NAZ dropped big on 11/14 and has not shown real strength moving back up since. That is OK since the Overnight will Rig it up or continue to offset Reg Session drops. Still looking for lower retest and this may have to wait until January (after low volume holiday PA). U Turn Zone retest, 19,890 Strong Short under (Long on Hold) and Short near 21,400 (stall out Zone). Go Fed, BTD, all aboard for the Magnificent & Long Trap.

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NAZ current position (12-2) is the Upper Target from 11/2 Post.

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Trade active

Watch 10YN and White KL for Resistance, Bounced off lower KL.

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Diablo sandwich, NAZ hit KL 981 3 times and 1 was on a Gap open, needs to get above and stay or back to lower slice of Diablo bread.

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O/N pops it above KL prior to Open Drop. Range for the day and beginning of the week.

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Friday - Monday Long play trade still active and look for O/N Pump/Dump test.

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140 and under is Short Drop Test Scalp.

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Scalp 1 and back on Short

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Hold the SHORT for drop test and below on no pop back up.

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140 KL and above is stop clean out then the Drop. Or, BTD to the Moon if no drop or 341.

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Divergence sticks out like a Turd in a Punchbowl. Should see a Quick Drop Test or Air Pocket Drop.

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Turd Trade, Go Fed.

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No Drop but notice the pop off 140, Games will be played out.

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Dead Zone magic off KL (short Break), the games are just amazing. Why so so many games at KL's? And all Long direction.

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341 is next test, play 341-140

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KL 140 2nd retest will not hold, if hit. They will try and sideways this to the O/N safe Zone.

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10YN Rejected at KL, keep an eye on KL.

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The Friday-Monday Long Play is well overdone and will breakdown by year end and into 2025. Just a matter of time and we are still under the 2-3 day 1,300 pop to 21,339. Major Turn Zone near 21,550.

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12/3 Update, Nasty bearish candle on 10YN. Let's see if drop here will effect the NAZ and Riggers.

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Yellow arrows are Drop Levels for a test drop or retest. The NAZ going up needs a retest, at this point.

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Last pop was election (Gov't) and that was 3 day POP. Since we have had 16 lower/sideway days and back up to 3 day pop zone. Easy range to play, look for drop on stall out.

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Back to KL 140, as mentioned yesterday. No hold and way lower we go. Hold then to the Moon, why not.

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NAZ is stalling out, needs to get under 140 and stay for Short move. May see quick drop test.

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NAZ will NOT Drop.

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341 is target and short under or at stall out #2

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Just load up short and go home. Or wait until after the O/N lift

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Narrow or sideways unless the Gov't, Holiday, Low Volume or Overnight is in Control. When that is the case, go Long. Until the heavy selling shows up with some push/pull. Notice that we have not seen any P/P in a longtime.

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10YN did get rejected and at low of the day.

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NAZ ran up in dead zone and in O/N. Sneaky Rigging is usually cleaned out, eventually. Why does NAZ have to get to low volume & off session zones to Rig Up?

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12/4 Update, Looks like the Call yesterday of 140 Hit and to the KL 341 or the Moon was the move. Just seems too easy and why does the NAZ move big in late hours and the Overnight? Rarely do we see moves during the Reg Session. Box is Friday Close and EOW, looking for redirect in or near the zone.

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NAZ will not want to go back in Shaded Zone below. May see O/N Pump/Dump retest to 250, watch the reaction. NAZ in the Box and then lower Box test near 21,000.

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Yellow arrow is Off Reg Session Price Action. Just remember that the new Futures overnight limit down is now 7% (from 5%). We have seen one 6.5% O/N drop in the past 3-4 years and we had three during Covid one month 35% drop. That train will be Freight and 1 way south. It's all fun and giggles until the selling shows up.

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Chart is NAZ playground for next month or so. Do not chase O/N price action, up up up is getting old old old.

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10YN update off KL and going lower (yields up), NAZ is not dropping but doing exact opposite. That is strange or by design (drop offset).

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10YN is at lower support and must hold. This move lower and under support should move Equities lower. If it breaks.

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O/N Open Dump, dead red loaded Short.

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Looking for the outside day reversal or will get stopped out.

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437 is level to watch.

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437 Air Pocket drop or pop, its that easy.

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Long Trap or Rocket. Staying Short on stall out, stop at 550.

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Ticks look Short and not super strong.

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Clean out may follow.

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437 quick retest.

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Staying with Long Trap.

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Under 480 should drop.

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Back later, may go sideways to O/N for next Long move in Safe Zone. May be early on short.

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480 no go is hook short.

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Adding Short at 480 with 550 Stop.

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Zero Push/Pull but stalling, Stalling NAZ is Falling NAZ. And the entire market will follow.

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Powell to talk later 2 hours. This could be to offset that noise.

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Stop move to 585 and will let it play out as the wiggles will get crazy.

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Vertical in O/N and primarily sideways in the Reg Session, typical.

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437 did retest and back up. Not good on short side as safe zone play is likely. Games games games.

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Scalped in and out on Shorts but staying that way until Monday. Feels off or black swanish.

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interesting on 10YN, VIX way low and Crude is lower 1.6%

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Flip a coin, may see curveball.

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Adding short at 510, same stop. Do not follow, I may be early but persistent

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Looking for the Rooster at 510 into Close. When trading gets this easy in one direction the snap usually will show up. Thing is that you have to be quick (or upside down) or you miss it. Just watch the Ticks change.

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Painful, machines are locked in. Need a break, low volume is other clue.

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Hopefully the Curveball is in O/N.

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12/5 Update, We are at Top Post Long U Turn Zone and still siting Short, got in a little early. The Short (if) will target the lower KL's 341, 140 or 981.

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Previous 4 day run was on the lowest volume in past 20 days. Looking for heavy selling to show up.

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Hook Short or pop at 520.

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Boring and Dead Zone will try sideways to O/N should a drop not happen.

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NAZ may try 650-700 above 550. Adding Short all the way up. Scalped shorts on drops and adding back above 550. Stop at 750.

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Short Trade on anticipated drop test. NAZ moving on Fumes.

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Chart is yesterday Open to current, should be the start to drop and retesting below. Just scalp the drops and jump back on when it stalls. This one may be a hold short, never know.

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Past 4 days just looks like a Long Trap.

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Hopefully the NAZ will follow the yellow brick arrow. May get to Safe Zone and be rescued by the O/N Riggers.

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No go on drop, NAZ will not Drop and will get the recue in the O/N.

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O/N curve ball and going with drop to KL 437.

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Circle is market flip, go Long above that area and I doubt that NAZ will get above and stay above. Unless pre Open it get jacked by the O/N.

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12/6 Update, Final day of post and so far the upper move appears to be the 1st move Long to Post Target. Looking for the drop next. NAZ rejected in O/N under market flip bottom. No real reason why the Friday-Monday Long play would not continue so use a stop on your Short.

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10YN update, this should be bullish for stocks. We will see.

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Double bottom on KL 437, still inside Flip Zone.

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Going Short, Again.

Trade closed manually

Letting it ride as the snail strength just needs a few selling trades to redirect, super low volume. Closing Post and will update next week. NAZ is near redirect Zone.

MAZing

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