Short

Updated

NQ Weekly Range (01-29-24)

No Friday rally after Thursday Overnight drop with no Friday lift, not the typical pattern. Monday will be key moving toward Fed Day. 17640-17450 is range to watch for break out on Monday. YTD range is 8.85%, white dash is Mid Level (just above 2024 Open). Upper white dot is Strong Short at rejection, Yellow is Strong Long at hold and a drop through may target the lower white. Orange are Failed Auctions that are drop targets. 16850-17250 was mostly Overnight PA, under 17250 may drop quickly. BTD/FOMO Forever, No Fed No Rally and Fed Day is key this week, will set up next direction. Should NAZ not break above the YTD high we may see a drop or slow lower PA until May. Pattern has been Long in May and go away the past several years.

Note

Daily YTD Chart

Note

Typical 100 plus Overnight lift into Monday Open. NAZ may try to break O/N range and try 17600-640, stall would be turn zone.

Note

IDS20 View of Thursday , Friday and Monday pre Open. KL 17450 appears to be lower range with 17640 as 1st upper test, again looking for break out of this range. The typical Monday play is 1 way up, this is is usually follow through from a Friday lift (which we did not get). For now the NAZ is making lower lows and lower highs, a change here (typical Long Monday) may take NAZ back to 17740 if the 640 level gets passed.

Note

KLOD is 17534, just above ML O/N and 17500 is Friday Reg Session low. We may see BTD/FOMO Monday should NAZ stay above these levels. They are mentioning AI quite a bit this morning. The counter to that would be the Iran issue that may develop into a louder noise. That would come about mid day after the (up) AI spin fails to lift the NAZ.

Note

Good luck today, Going Private after 7:30

Note

Blue Zone is O/R range. most likely

Note

20 point moves in Reg Session, what a JOKE. O/N is the BOSS and after that this thing can not lift. Do Not Trade today, super low volume.

Note

NAZ at 17600 and I am flat today, however, Previous 30M candle is a hammer and can be bearish. Most tech stocks at at YTD highs and stalling out. Low volume today can push higher and then snap, caution here as this was near upper target TZ.

Note

Divergence on IDS20, lower indicator needs to come up or it may snap through Air Pocket. the Flip is a Rocket up on no volume and no selling.

Note

Not expecting much today (up or down) 640-540 is range here and through close.

Note

NAZ moving higher in Reg Session during Dead Zone on a Monday, sounds about right. Do Not chase as the previous 3 times if fell. 17640 is TZ

Note

You just knew that if Friday did Rig it up, Monday would. So easy that it is hard to believe. Anyway, today will be lowest contract volume in past 10. 17793 is next upper target. If these rig days do not happen every week, the NAZ would be way lower and take the entire stock market with it. O/N Prop, low volume Dead Zone moves, you can easily see it. Will not last forever.

Note

FA Update, all over below

Note

3 days lower and 1 Monday on extreme low volume back up most of range. Really strong here, BTD.

Note

Divergence Chart update, Took Rocket Long instead of Air Pocket Drop. Drop offset for Fed Day is the idea. Low Volume is the new Strength and Powel may mention AI and hoot the NAZ to the Moon.

Note

Last Tuesday run up and the potential this week, rejection is yellow arrow back down.

Note

17800 is Short at no pass, thought that we would get here (not really). Anyway, Diablo developing today and under is 1 way drop and pop through is Long to the stars. I have noticed that the only time that the NAZ will drop and stay down is when you see the Push/Pull on IDS20 and other than that, it is LONG all the time. Good luck today and tomorrow.

Note

This drop after the pop sequence of Monday and into Open of Tuesday may be the Pump Dump play, not sure this drop gets lifted as yesterday was such a low weak volume day, looking for the push/pull now.

Note

Notice how the NAZ always end up back at the FA, just so predictable. Rigged and do not chase, War will be next chatter and drop test move, plus Fed Day or that will jack it back up. You get the idea.

Note

Past 2 months or 3, the NAZ has moved up more time or hours vs going down, by far. The Time of day is usually during mid O/N or mid to late Reg Session. The lower the volume the stronger the bias toward Long side. There just is no clear signal or pattern to use other than the facts mentioned, push/pull is the key for any strong short or bias. Any move lower will be offset by the O/N low volume (most times). This may just be the case as a result of 7-8 stocks that can control the majority of the entire market.

Note

Normally the Long here at 17665 is or will be the trade of the day. The Long will run 100-200 points and it is that simple. If not here at KL 625. It has been that easy. Have at it, I will hold off as I think the easy trades will end soon.

Note

Sunday to O/N High was 300 points, that is kinda major and looks like Drop Offset. NAZ may play in the range and go nowhere until tomorrow.

Note

NAZ deeper drop may be an outside reversal, nasty.

Note

PTG Private Post, lower KL U Turn and may try Diablo prior to the real drop.

Note

The AI test is after the close, BTD?? Just getting old and boring. Need a shake up or two.

Note

17450 is in view

Note

Monday was 100% Drop Offset, Rigged. No Fed No Rally next. 7 stocks control too much, not the way it was designed before the manipulators got busy.

Note

Yesterday I was feeling and looking short at the white arrow. Felt the drop offset moving and went short today (after the rig). I have noticed a pattern on both sides that will happen after a strange move, before the original entry. Just watch your entries and add 100 or more points and then enter. The added move will usually include the O/N and then a Pump/Dump (short) or Drop/Pop (long) at the Open of the Reg Session.

Note

17075 is mid level of YTD range or 300 points away. 17435 is ML of upper half of YTD channel. Play above 17435-50 Long and under Short for now. Stronger Long at 17050 range should the NAZ actual really drop. BTD/FOMO Forever and Fed Day juice up or knee jerk head fake long, later.

Note

KL 17435-50 Hit and turning back, Good Luck today

Note

Pick an arrow or play both.

Note

17000 and under puts NAZ flat YTD, watch the level on near hit, hold or break under. This may be why we have seen so much strange weak PA to this point.

Note

Drop stopped at TL for now

Trade closed manually

This post is Closed, started new for 2/1 day

Note

Friday Rally day is near Upper Target, at 17716 Keep an eye on IDS20 Air Pocket and 10YN

MAZing

Disclaimer

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.

MAZing