Short

Updated

NQ January Range Short (12-30-24)

Final week of 2024 with some closed sessions and low volume trading. Get ready for January potential moves/range. Looking for H/S to develop right shoulder in January. December has created a wide range (3rd to Aug & Sep), 20,990 is Key Level pass from Aug low with Sep retest move. Yellow's are KL's and Red's are TLX's. Use are targets and U Turns. NAZ is in Mid of Dec Range, look for NAZ to stay inside thick White TL's under TLX 20,758 and above go Long. Looking for January drop test. Notice 17,027 (2024 Open Level) the August reaction after a near hit. Also, looking for the breakdown with the O/N long lift Rig and Friday-Monday long move. We did have 1 near limit-down O/N session in 24 (-6.8%) and 1st decent drop in O/N since early 2020. The balancing of selling will need to show up prior to a serious leg higher.

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Drop to top of U Turn Zone range #1, NAZ playing lower half of Dec Range 1st.

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IDS35 is showing retrace attempt, stall here is Short drop until breakout with a direction (same or bounce).

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Will not get much to play this week, here 21,400 is long above and short below until mid to late Dead Zone. Next is O/N Long Pop try or sideways.

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Back later, 250-400 is range of play.

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Breakout or drop back.

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Typical Dead Zone lift, nothing new with patterns.

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Above 400, 700 is in play.

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Trick alert, Markets closed this week for New Years and next week 1/9 for Carter memorial. The Overnight will be used around these dates to prop the market UP. Looking for a change with this pattern. NAZ potential drop may not be until week of 1/13. Kick the can and prop up prior to the heavy volume route.

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I have only been shorting (target and out), if you are 2 way trading you are killing it. Back near Close and EOD.

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I would expect the NAZ to stay above 415 near the Close and lift in the O/N. Anything under is a Strong Short and may not happen until Thursday. That would/may set set up a great Friday-Monday (New Money, Month & Year) Mega Long Rally lift to the Moon. 21,250 U Turn may be how to view the Price Action with low volume Tricks on deck.

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NAZ is basically resting in Mid Level of O/N/Reg Session Range and under ML of Dec Range.

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415 hit

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Above 415 s a Long scalp for O/N Rig Lift and Short snail under.

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Quick drops and snail lifts continue. What takes hours to lift are erased in much less time. Full day of trading tomorrow.

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12/31 Update, Final day of Year, Month & Quarter. Today should be low volume, strange moves and may see some volatility as window dressing and wash sales may play out during 1st hour and final hour. KL's for today are: 250, 490 & 715. Would not count out the 415 hit and bounce that sets up massive U Turn for 2025 with nice Friday-Monday Long Rig into Tuesday and closed markets on 1/9. Trading the past 5 years is about anticipating the off Reg Session games and the easy moves in the O/N. Chart below is original December 4HR Post, notice the contract change gap the provided the 200 point lift. Take that away and NAZ would of tested TLX 20,761 and may have triggered serious selling for the next leg lower. 2025 may be the years of the nimble Trader as the markets go sideways to lower as the 5 year old prop/rig/Fed games breakdown. Anyway, should this current position play out as U Turn, let it go and know that a big action will usually be followed with a bigger reaction.

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Long on 250 hit or NAZ stays above. Short below or under.

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We are in Dead Zone and lift is usually next, if not 250 retest is next.

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Snail drop and NAZ struggling to get lower, watch for U Turn to play out above 250.

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250 Test and next move is next, Up or Down will be decent.

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Like Clockwork and to the Moon (or 490 or 715). Have a great New Year and back next year.

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1/2 Update, NAZ plays out dramatic quick drop in Off Session (bounced off TL 21,125) as is trying for 490 & 715. Looking for Rig play to start the year all the way up to January 13th or 14th. Here is how: Current 125 TL bounce is good enough to lift and stabilize the FOMO's until Friday-Monday Long play, markets will sideways on Tue/Wed of next week and closed on Thursday. This will open on Friday the 10th and set up another and potentially final F-M long prop play over that weekend. By then we should see some sideways or stalling and most all are back from vacations, the selling should start. Chart below is 30M with some Diablo's and NAZ is above.

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U Turn and Danger Zone: Orange thick arrow is DZ and they will NOT let the NAZ get in there. Current white shaded zone is my 1st U Turn zone and this has been tested many times on this drop. Yellow Dots are Targets to watch for bounce/break. NAZ gets under upper dot, should or may try lower. BTD/FOMO, Go Fed in 2025 1st and Short 2nd.

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IDS50 View, look for break out of Diablo's

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Long above 250 for 1st scalp long. Pump/Dump should hold for 2nd pump up.

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250 break or NAZ staying under may be a nasty drop and serious Long Trap.

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Keeping it out of DZ.

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Long Scalp to Diablo and back to 250.

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Danger Zone is key today or tomorrow.

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Serious Push/Pull at 250, may see a break into DZ under 250, look Long above and needs to stay above.

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IDS27 is best for scalping and early signals.

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IDS35 Wicked and still playing Diablo's

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390 is the strong resistance level, range is 250-390

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O/N is the BOSS, notice how the O/N lift helped the NAZ stay in the Mid of range during Reg Session, NAZ at ML O/N Range. Sideways to the Close and up in O/N is the play. F-M Long Rip should follow.

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U Turn developing of Major head fake Short Drop should typical patterns change or huge sell off near the Close.

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To be safe any Mid Range is a NTZ and trade at the edges. No Trade Zone.

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Yep, drop from NYZ to lower KL and Edge for trade or test. Needs to hold or down and out. 150 is KL Test.

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Out move is 990 Retest.

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990 hit and Long Scalp.

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Play it like a Fiddle. BTD/FOMO Forever.

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758 next under 990, BTD above 990. Edge Trade or bust.

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NAZ is in the Danger Zone and will try and get out.

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990 and above is strong long. Just do it. Drama and theatrics, mentioned last week.

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May see stop clean out to 950-40 and pop. Typical move.

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Anyway a rocket move will happen one way or the other and looking long 1st to stall out or bottom of Danger Zone.

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Should be liftoff. Needs to pass 150.

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990 did retest today and lower zone is 2nd yellow dot. NAZ did dip into the Danger Zone and will have to get back above.

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990 Long to KL 150 and now dropping back under.

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990 may be U Turn and O/N will have to lift again into F-M Long move. Only odd thing is the push/pull with NAZ actually moving up. This is not normal. Need to trade from and to KL's and get out.

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1/3 Update, O/N with 99% Guaranteed lift up after a Reg Session sell off, been going on for about 5 years (why change now). Basic play is with the Edge Trades of O/N Range and then Reg Session Range (which usually stays inside O/N, O/N is The BOSS). ML or KL 21,135 is retest for Long or bust. Long move should go to the Moon if Friday-Monday or 1/10 since 1/9 markets are closed. 990 retest and hold is Strong Long, break is the abyss. Slight Pump/Dump playing out now off O/N High.

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IDS35, Yellow arrow was Long call and White is retest 1st Long. Drop to or near 990 is double bottom Long on hold. To the Moon in Dead Zone and then Close to O/N and F-M Long play. Should this not play out then we have a serious pattern change and may see heavy selling. BTD/FOMO, Go Fed and AI. When that stops working wait until the Money Printing is over or does not show up and then we go with a Super Strong Short.

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Just notice that the NAZ is out of the Danger Zone, NAZ goes and they all GO. This is really what is most important, do not Buy That Dip. Still thinking the week of 1/13 on that one.

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Big move to come out of range 210-275

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Let 1st move go and look at 2nd opposite direction

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350 1st KL to watch.

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350 hit and U Turn is too easy, drop back to confirm move.

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490 now, just so easy on way up, BTD FOMO F-M is still active until it is not.

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Dash Lines are Targets, Good Luck FOMO's

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300 drop test and next test.

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300 hit and bounce, let range play out and be aware that 2nd larger move may show up and back in O/N range.

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Price Action appears to continue to reluctantly be moving up, bit odd FYI.

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Back later, just feel that a 2nd Danger Zone retest is needed prior to huge move higher. Dead Zone usually lifts up, so if no lift we may see the retest.

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440 has an air pocket and may need to clean out with a quick drop.

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100 point AP Quick Drop. Now let us see the Next Move.

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10YN is lower and feeling like a Trap up here.

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300 2nd retest, 140 is next on break under.

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Under 380-400 may see a drop if it does not get above. Sideways to lower for O/N Rig pop into Monday and try it again. O/N is the BOSS and will take care of any drop.

Trade closed manually

Gone for the day, PA looks shaky under 380-400. I will let it play out. Many U Turns will move like this and eventually get through. It will need some tricks/help from off session Riggers. Good Luck and will post next week.

MAZing

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MAZing