The Range of Games below will run until Tuesday 5/27. Looking for a drop between now and mid next week that will set up the Long to ATH or near 23,000. Look for the Memorial Day holiday low volume week (prior to holiday or after) to set up the lift higher in O/N or during the Dead Zone's of Reg Sessions. Should the NAZ lift prior to mid mid/late next week, look Short for a pull back. Blue lines are 2025 & 2024 Open Price levels, NAZ is flat YTD. Stall lift above should retest Mid Level of the 2 blue lines.
NOTE: Since 1/22 the NAZ is up 26% (today) and ATH 32%. Current to ATH is range of tricks, the upcoming low volume holiday trading days may be the Pop set up for the breakout. Long moves in the Overnight and extended weekends have been consistent.
NOTE: Since 1/22 the NAZ is up 26% (today) and ATH 32%. Current to ATH is range of tricks, the upcoming low volume holiday trading days may be the Pop set up for the breakout. Long moves in the Overnight and extended weekends have been consistent.
Note
Under 444 is a Short Scalp Pull Back that may then go sideways and pop up in final hour. At 400 now.Note
These kind of days the bottom usually falls out if Dead Zone can't prop up.Note
Should drop unless we get a Tweet from Bunker.Note
Sloooow PA, really. Just let it flow already.Note
Fumes, sideways is correct, may drop in final hour should this continue under 444. Back later. Scalp and stops until it breaks and it may be very quick. Note
Not really sure what is cooking today with this price action. The 85% (444) retracement is accurate and I have seen these many times only to rotate sideways and drop back, we will see if the Dead Zone and O/N games can get it up and above. If not, look for a drop and then during low volume sessions (after the drop) they may try and sneak it past. Note
365 is a short here.Note
5/15 Update, Looks like the 85% retracement KL 444 was accurate as the NAZ has dropped some. I would expect tricks and the NAZ to struggle lower as we approach Friday, scalp range of 250-450 until break out. Lower drop target is 20,700 to 20,300, should that actually happen, expect a U Turn next week for ATH retest.Note
Head Fake Long or back to 400Note
This is a lot like April/May of 2023, sideways but NAZ ran up in low volume Summer months. The low volume periods have been slow PA zones with Long bias. Maybe the reverse is here since near ATH and back then NAZ was under ATH and trying to retest. Anyway, very similar and 2 way PA should follow near KL's such as current or next ATH.Note
We have the set up of an Outside Day Reversal happening if NAZ does not go higher or closes below the low. Just keep in mind during the Dead Zone or Close today. This may set up the drop to POP for next week low volume rally. Note
Visit the CME Group site and view volume since 4/2, Price is rising and volume is on lower side. This really looks like a massive air pocket. These can go on and then just bust. Note
180 points to ODR. Needs to get back under 365 1st. Note
May see a Tweet here as we approach a Dangerous level. Note
No Tweets, Oh My. We do have Meta bad news, is bad news bad or good? spin or real? Lift may offset any real bad, that is how it is done. Note
Strong Short under 256 and back up if not.Note
OK, watch KL 365 here.Note
No Tweets it should drop to 256Note
Still favor the short side as we just are not seeing much volume up here. The buying seems to be fading out. I would expect a large sell order to just drop it quickly and then another and so on. If you were to sell or go short, would you let it ride higher 1st, that may be what is developing. Continue to scalp shorts and cover at hold, one will break once all buying is exhausted. Past 4 days have produced similar points in either direction. Narrow low volume is an NTZ (no trade zone) scalping is the only other option. Indicators are still upside down. NAZ back ay 440 now. Note
Closing this post, lowest volume recently. May see run up by Monday with Magic Gap.Trade closed manually
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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.