Short

NQ Short (10-07-24)

Updated

Sticking with Shorts this month. O/N Stabilizing has been breaking down and the Reg Session has been selling off and then sideways with weak to zero strength. KL 20,269 is Long above and Short below. Typical flow has been Long in O/N, short for 1st 30-60M, Long in Dead Zone and Close was random. Should O/N Rig Stabilizer break down then the clear direction will likely be lower (due to Reg Session weakness). Will shall see, just watch the stall outs and Long head fakes. Keep an eye on 10YN, mentioned last week.

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Nvidia needs to break lower and lower we go.

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Notice the O/N range vs Reg Session so far. O/N is the Boss.

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10YN is still snail dropping.

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NVDA popped and stalling, look short on stall out under 20,190 on NQ

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Rejected, again.

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Today is a Push/Pull day, many times this will be prior to a drop day or move.

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NAZ struggles in the Reg Session, again. No Monday Long Pop is not good and 2nd part of patterns breaking down (Friday-Monday Long Lifts).

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Reg Session Drop, Typical and weakness.

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No Strength NAZ in the Reg Session. Only O/N, Holiday's, Fed Days, etc. O/N will try and prop back up or NOT.

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10/8 Update, NAZ gets the typical and predictable Overnight lift after the Reg Session sold off yesterday. If you look back at my previous Post's, you can see this has been going on for years. You can see the potential U Turn set up in the O/N at 19,975, that is to the Long side. This would play into the O/N redirect of the yesterday's Reg Session. The flip side to that is the O/N Rig Pop is a set up Pump/Dump for the Open. Look both ways and stay out of the sideways mid day PA.

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10YN is still dropping

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NAZ will move once it breaks out of this Box or range. NTZ until break out.

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IDS27 View

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If the markets did not have the Overnight trading to stabilize and redirect any lower move, we would of seen QE #3 or 4. You have to ask, when is the do do going to hit the fan? 10YN is still dropping, FYI.

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So predictable, direct hit to Box Top after O/n Rig Lift and now look for the stall out or quick drop test back to Mid Box, if no drop then back up to KL 20,269

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Out of NTZ and hit KL 269

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30M and IDS27 view

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U Turn attempt but still in Yellow Arrow Zone. Will go sideways to O/N and up in the O/N or will drop prior (if no pass at KL 269). 1st move should be lift try for the MOON and ATH in O/N or any lower volume trading time zone. Lok for Long Shake Out and then pop attempt.

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Circle is Long Shake Out and Now to the Moon in the O/N Safe Zone. Like Clockwork everyday, after day, after day, afterday...

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Only concern would be the M playing out and this being a Long Trapper.

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10/09 Update, O/N is showing Long shake out into Open Drive. Circles are the shake out set ups. No M drop, yet and NAZ is retesting KL's 269 and Box Top.

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M Drop target below if we get a drop test or selling at any point, this is unlikely or may be Long Trap play from O/N move back up for Pump/Dump at Open. I am looking Long until major stall out (near 20,330) or Tuesday, after we see the typical Friday-Monday Long Rally play.

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10YN is still staying low.

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1st Move should be up.

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Note from earlier. NAZ is under 330, keep an eye on that.

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Watch the Head Fake Long here, under 330.

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1st move to 330 and wait for sideways break out

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This is a Failed Auction push, usually will work and nothing will stop it until next day.

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530 is next target up and stall out is drop test back lower at 330.

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Drop test to near 330 is likely.

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Air Pocket signal, FOMC Minutes may be a mover. I am Out.

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10YN is still dropping and NAZ is lifting, this is strange. One will break out.

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Looks like 360 retest was low for now. Sideways to the close and O/N Safe Zone in likely with Rig Pop in O/N. Should that not play out, Look Short.

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Under 530 and in Safe Zone. May go Long to and Short from.

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10/10 Update, O/N did not Pop Lift and that has been the case recently. NAZ stayed under 20,530, I am looking short and Out for now as I do not see a clear next move. When the case, the NAZ will usually move straight up, stall and then Tank. The Friday-Monday 90% Long only trade may be next hurdle or test, I am waiting on that or will Short prior if we get some heavy selling volume.

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330 retested, from yesterday. Needs to stay above or lower we go.

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Mentioned yesterday that the pop (yesterday) will be followed by the Drop, here it is.

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NAZ is staying up and watch 20,435. They will try for the sideways to the Close move and up in O/N if it should stay here.

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The O/N is the BOSS and we rarely see any gains above the O/N high. Like yesterday's Reg Session lift, it usually falls back the next day. 478 was O/N high and lower we are. I would think that the big drop will happen soon. We need to get passed the Friday-Monday Lift Job or if no lift, it will happen prior to that Rig Play.

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10/11 Update, KL 20,269 is level to watch today. We have seen some O/N weakness and that may be a red flag since most gains have been set up with the O/N Pump. Need to see if Friday-Monday Long move works or not. Should it not, get short and stay short. Many rig type usual patterns have been breaking down over the prior 2-3 weeks. When the drop does show up it will be fast and deep.

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1st hour of Reg Session and the Friday - Monday Pop Rally may be on deck, needs to get and stay above 20,500.

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NAZ getting rejected at O/N High

Trade closed manually

NAZ will not drop and not pop with usually Friday - Monday lift move. Needs to move up on Monday or it will drop, if not during O/N. The play may be lift in O/N and drop in Reg Session on Monday.

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The wicks above 443 may be Long Shake Out

MAZing

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