NQ Range (10-21-24)

Updated

NAZ sideways price action continues, looking for a breakout with force (any, long or short, please). O/N is now under Diablo and TLX, the fact that the O/N did not Moon Shot the NAZ while we slept is a very bad sign. Until the break out, look for U Turn or 1 way train ride lower.

Note

NAZ is near Thursday O/N Low, needs to stay above. Go Fed, BTD/FOMO, AI, Good News / Bad News, use whatever spin to provide some movement, this PA is tough to trade and boring.

Note

Good Luck today. You will notice prior to past few months that my Post's would have (usually) 1 trade entry/target. Since August I have had to use a Mid - Lower - Upper target because there just is very little strength or conviction (long or short). This has been one long period of NTZ (No Trade Zone).

Note

NAZ playing the Box and may retest TLX.

Note

The NAZ could not breakout of a paper bag.

Note

10YN is not lifting and keep an eye on it should it breakout lower.

Note

Back to TLX and Diablo, needs to hold or will drop very big.

Note

10 YN wants to go lower, Russell is 1.5% lower and NAZ is flat. You can see how the NAZ just stabilizes the entire market. This is what needs to break out and clean out the rigging.

Note

O/N will need to jack it up to hold off that deeper drop.

Note

Look around, most World indexes are down 1% or so. Not sure how or how much longer the NAZ can hold up. This is getting kind of insane. Do not rule Long trade out, may happen prior to deep drop. Deep drop is near.

Note

Arrow was the prior post move up and now lets see if the drop will happen or O/N holds it and Reg Session tomorrow will let it drop.

Note

Upward in the O/N, this is getting way too easy.

Note

10/22 Update, Up then Down was the last sequence and the down was in the O/N. Any lower move in the Overnight is not good. The Open Drive usually sells off and if so (and no pop prior to Open) the NAZ will or can break out of the range. 10YN is still dropping.

Note

TLX 383 is KL to watch and Short below after drop and retest from below. 20,280 is target on drop, hold there is U Turn back up and no hold let it run.

Note

20 minutes until Open and NAZ is under TLX, watch rotation and no pass up is 1 way Train Ride lower. Above TLX, back to upper range.

Note

Watch white for a Head Fake Long.

Note

Good Luck today. O/N is The BOSS and the boss says lower. Lets see no strength Reg Session lift this one.

Note

Just watch Head fake level and stay short under and Long above.

Note

Do not know why this thing will not drop? IDS View and Dead Zone will lift to sideways to the Close or we may see a drop should DZ no lift. Under 480 is key now.

Note

NAZ at week high Target and will need to Breakout if anything is going to happen. Nothing new after many days of nothing new.

Note

10YN is still dropping but does not see to matter. TLX did hold for way up.

Note

10/23 update, NAZ back ay 480, TLX is 453 and Long above, Short below. 280 is lower target for U Turn of not. O/N PA has been consistently selling past few days, not normal and a huge signal. 10YN hot KL and may redirect. May see crazy disconnect between 10YN and NAZ price action, major wicked curveball.

Note

Go Fed, now. Please.

Note

Circle is O/N Drop offset that did its job and running out of time.

Note

TLX Hit, Help.

Note

Good Luck today. Still looking for the 1 Way Freight Train lower ride. Open Drive should sell, Dead Zone will try the lift or sideways to Close. Any deviation just Go Short.

Note

Most US/World Indexes are sitting on the ledge, U Turn up or drop at this level.

Note

453-383 is range, 10YN is under KL

Note

Will be surprised some should NAZ redirect this back up. Looking for full flush out to 280.

Note

Adding to Short under 450, at 440 now.

Note

All aboard the 1 Way train, Lower.

Note

IDS View, whipsaw to stall to drop.

Note

20,400 adding more Short.

Note

Choo Choo Chugging, BTD/FOMO Trade. Whaat, Go Fed

Note

Over the LEDGE

Note

Arrows are set up.

Note

Sideways to lower

Note

Long Trap

Note

Yesterday was Long Trap set up with Long in Dead Zone to O/N. Need to see breakout below 280.

Note

1 Way Ride is playing out after the BTD's buy into selling (Smart Money).

Note

NAZ is trying for lower Target and U Turn Zone. No U Turn will be nasty.

Note

Lower Target hit and U Turn Time or NOT. I am out for now, Rock On.

Note

IDS is like an Xray Machine, Go Fed-hurry. We need some QE printing. Just watch the U Turn here and if not, Load up again.

Note

Orange TL hit and this may bounce. Stay Short if speed picks up to downside.

Note

Wow, Long Trap is 1 Way Runner. Rally Over?? Heading to lower Weekly Target.

Note

Lower weekly target is hit and the NAZ is showing nothing new. What is interesting is how the Drop over a few hours has erased 12-13 days of small Long nibbles up. HRS Down vs DAYS Up

Note

O/N lift back to KL and bottom of O/R

Note

NAZ has hit both the upper and lower weekly targets. Mid retest for next move.

Note

10/24 Update, NAZ bounces 300 Points from Close, Into O/N and at Mid Level of prior range. Nothing new here and BTD/FOMO still in play as you will see the constant redirects back up (after the close, in O/N) after any/most Reg Session drops. This has been the play for nealy 3 years. The O/N is The BOSS.

Note

Regular Session volume is the highest and is in the several hundreds of thousands. The current Overnight volume is 50,000 (now at this price) and has help to redirect the NAZ back up 300 points. This is how the stabilizing of the NAZ (and other overlaps) has been rigged up. This is why the Rig will break down, at some point. For now, after any reg session drop just go Long in O/N and get out by or near Open of Open Drive.

Note

O/N Pump/Dump should be next.

Note

Back to mid level of range and will go sideways to lower.

Note

Waiting for no strength Reg Session NAZ to show up. Dead Zone is only hope of Prop Lift and then O/N. No lift we will drop, again.

Note

Sideways indeed, air pockets are showing up so may see snail lift with quick drop tests.

Note

Back later, just remember that you may see days up and minutes down.

Note

383 is the Ledge that I mentioned yesterday, NAZ under is not good. Will need to get above and stay above.

Note

NAZ will just lift in or during any off session period, just can't do it during the actual market session. I can't be the only one that has noticed this over the past 3 years???

Note

10/25 Update, Friday-Monday Long play is in que. Chart below is Monday Post and NAZ has shown nothing. Use KL's and Long is likely as the same patterns are playing out: Long in O/N, Drop during 1st 30-60 Min of Open, Long id Dead Zone and Random Close. The NAZ has little to zero movement during Reg Session (after 1st 30-60m) and this usually leads to a low volume LONG move. Next Fed Day is already coming into the mix (media).

Trade closed manually

Closing this Post and I am out today. Just go Long on any dip would be the idea but that is just a guess.

Note

Just watch KL 383 as it was the Ledge for the drop, 2 days ago. The O/N is pushing the NAZ away from the KL and Reg Session will/may retest.

Note

Trading has become a garbage picking business, do not get any stink on you with fake moves.

Note

520 is KL, air pockets showing up. Typical Friday-Monday Long play.

Note

Air pocket drop, should try 520

Note

520 Hit, need to be a garbage man. Friday-Monday Long trade may be a fizzle. Again, the O/N is primary lift while Reg Session sells it off.

Note

Back up in the Close to O/N, going to deliver some Pizzas. Have a good weekend, BTD/FOMO, Go Fed.

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.