KLOD above will stay higher and below will have to stay under for Short trade to lower target. KLOD is 17052 and ML O/N is 17088, need to see the Open Range play and volume. I will update on Teams.
The technical bounce basically came off Fib Level .618 and the 200 Day MA. Fed Day and 1 Overnight 200 point move was the bulk of the move. This is the 6th major direction change since the July YTD High. Since July the the average drop has been 7.9% over 13 days and average lift, 8.5% over 14 days (current price from bounce). Level 15169 is my current Turn Zone...
The one sided lower volume may switch or add some selling, current pre Open volume is low and NAZ not moving or floating up. The yellow arrow is range for break out. The 1HR Chart below is still showing the "Air Pocket" Divergence that was pointed out 12/20 (before the drop). Games and tricks will be needed in order to keep the NAZ elevated, these will be tested...
NAZ fell below KL 16922 and held at support of 16900-910. ML O/N is 16924, Boxes are target and TZ's Turn Zones. White arrow is long zone and yellow is Short. NAZ is still inside the Outside Day Reversal of Wednesday and O/N High of Thursday. Need to see what the Open Drive of today will show, pattern has been 1st move drop with lift in the Dead Zone. Look for the...
Yesterday had it all, up /down bar ratio (any time frame), Air Pocket, Divergence, the works. This set up a good drop test and now the O/N has lifted back 100 of the 300 point drop, typical 2022/2023 game, we will need to see if that will be part of the games/tricks in 2024. KLOD is 16867, O/N ML is 16824, FA's and SZ's are your targets. May be last good trading...
NAZ is saying above Launch Zone from last week (16810-20), break below and rejection back up may send it lower to 16000. O/N ranges are tightening (past few days) and O/R's set to change direction for Pull Back. KLOD is 16812, Lower FA at 16730 (1st bounce target) and 16630 (2nd). Last week of somewhat normal trading with best volume, after will go lower vol with...
NAZ in 19 day sideways channel, back near Top (Box with red dash as Mid). The NQ1 vs NQZ is off as the NQ1 had a 200 point pop due to 12/15 expiration. I have attached the current range forecast for NQZ. NQZ lower indicator will show 6 Drops (white arrows) lined up with yellow arrows above. The Stoch O/B or Mid position has consistently set up the drops. Strange...
NAZ with FA lift from 15920 to KL 15989, this will be retested. KLOD at 15874 and ML O/N at 15940. Blue Box is expended and NAZ in Mid Range. Looking for break out of yellow arrow. Upper Turn Zone for Short is TLX 16018-16073. Will update on Teams.
On Wednesdays Post I mentioned that the NAZ would try to Short form a bounce to 16120, got to 16100 and dropped to near KL 15840 (just above FA and Danger Zone). Thursdays Post had 2 calls , Short under 16080 and cover Long at 15865. The same tricks are in play with Final 10M moves and the O/N. Yesterday we saw the 100 point move up in final few minutes and then...
NAZ held on Mid Channel and under yesterday KLOD, range day until break out above 16120 and 15980-60 below. Mid O/N 16051 and KLOD 16037. Month End day, Big news at 7:30 and will knee jerk one one in O/N and then likely the opposite in Reg Session. I will update on Teams, have some tech issue so may be less info today.
NAZ at top of 7-8 day channel and above KL 16036-82 (daily Chart TZ). Comes in yesterdays final HR and low volume, then O/N. This may be a Pump/Dump and may retest mid channel (16037). White arrow is BTD/FOMO move and Yellow is lower channel retest. We do have many SZ's and FA's below. KLOD 16072 and ML O/N is 16082. We took out many on way up, need to see how the...
I will try and post public for all followers this week. Looking at Pop/Drop and typical day PA after a lower Monday. KLOD 16035 (Long above and Short below), O/N Mid 15982, FA below at 15920 and could be bounce target, 15840 Strong Long on Hold (15865-40 is TZ). I will update intraday updates/calls on Teams.
Same game plan with Monday being a Long play 1st until trend does not play out or change. KLOD 15982 and ML of O/N Range is 15974. FA's above and below and white line are KL's and Turn Zones. I will update on Teams.
The Danger Zone (15900) did get a 1 minutes retest prior to floating up 125 points in the O/N, typical. I believe the NAZ will need to use all the Rig Tricks that are available to offset the Pull Back Drop that is on the way by month end. O/N Mid Level is 15973 and KLOD is 15985, 16073 is TLX and may get a retest. TLX rejection may send it back to bottom of weekly...
Yesterday Post was accurate with daily forecast. Today is Friday, pre Holiday week and rolling into a Monday of a Holiday week. This is usually low volume, long bias upward type games. The NAZ is stuck inside yesterday's Open Range, rejected at KL 15920 and staying above yesterdays KLOD (15873). Here is a fact, the O/N Pre Open Futures volume is typically 100,000...
NAZ is surrounded by FA's and no O/N Prop, what do you think is next. Pop/Drop would be white arrow and any stall out at KL's may send it the the lower FA Zone. Drop/Pop would be the yellow arrow and the drop may not get a pop. KLOD is 15873 and Mid O/N is 15861. I will update on Teams.
Since Friday's 400 point U Turn day we have had a sideways Monday and a 225 point 2 minute O/N lift followed by a narrow Regular Session with another 95 point O/N lift. The Failed Auctions below (orange zones) usually get retested and are targets for a pull back or drop/test. We have been taking out FA's all the way up from most recent low. Limited selling...
Year End and 2024 Trade Planning. The fact is that 95% of all Traders lose money and 2.5% break even and only 2.5% make a living. The alternative model (and less expensive) would be to hire a coach and use an institutions money to trade. This make cost less than what the 95% spend in losses. The moving parts would be to hire a coach that has a proven track record...