Yesterday was a pure Drop Offset on low volume for any drop that may send the NAZ into a decent pull back. Powell at 8:15 CT and 10YN at 12 CT. These will or may be Key Times to watch. 10/26 volume was double the past 2 days and the highest since the lift started. We have all buying or this may be reason why lower volume and less to no selling. Recent lift may...
Fed Day delivers again, "No Fed No Rally" is something that I have been saying for a few years. I have seen these reverse and move larger in the opposite direction (soon after). Looking for a curveball to show up to send the NAZ back down. If not, BTD/FOMO Forever. The way up cleaned out all FA's except the one above and we have a large FA below and the Gap at...
NAZ under yesterday O/N High, Diablo and under Blue Box Top (14475). Mid Blue Box is 14350, Fib Level at 14375 and Gap at 14300. NAZ is sitting on TLX 14427, bottom of channel and KL 14403 may be a bounce zone back to KLOD. O/N mid level is 14457, The KLOD is above Mid O/N and trend is lower today, may see channel break and Gap Fill. FED Day, I normally do not...
The KLOD of yesterday held for 5 Long Scalps and from Sunday O/N through now. We have had 10 direction changes inside a 150 point range. 10/26, Large Blue Box is range of 14480-14225. Key Areas: 10/31 KLOD 14363, Fib Level 14369, Mid O/N Range 14368, NQ 200MA 14276, Gap 14300-290. Just watch the shake out near mid blue box range and upper/lower box levels. FA's...
Monday's are Long and O/N has Propped the NAZ back up for the lift/drop offset to start the week. The playbook has not changed. the NAZ is back to Friday high with ease, Gap fil below (blue box) and FA's (orange zones) above and below. Look for Mid O/N retest KL 14338 and KLOD is 14331. Long above KLOD and short below. Play targets above KLOD and below after Open...
Great trading day ahead. Many targets and Key Levels to play off/from. Arrows/Plays: Thin Yellow is range for break out ( 14269-14395). 14269 is 200 MA / 14395 is Mid O/N Range. White arrow is Long Target after Break out and Yellow is Lower Target after break out. Thin White is Gap fill, 2 way retest Long Trade that may play out. KLOD is 14328 and Orange Zones are...
You would think that the NAZ would be much lower with 10YN yield lifting. After 2 days of Short calls, looking Long today. Struggles to get lower and just bounce off lower FA Zone. FA Zone (orange box, below) is new or from today, this may be retested (usually does). If so, that is the 1st strong Long on hold or above 2 yellow KL's. Yellow Arrow is Range today and...
NAZ September range had a 7.2% decline from month high to month low and closed with a 5.2% H/L decline. For the month the NAZ only recorded a 4.20% decline. More downside is possible, the intraday price action was the month of shake outs and the worst I have ever seen. The O/N (Overnight) continues to produce what appears to be Pump/Dump set ups or Drop Offsets....
NAZ may be done with the weak Shake Outs for the next 2 days and switch to a Long Pop Up. Inverse H/S may play out. Open Drive may drop to lower target (yellow KL) and pop. Month/Quarter end may pull in some Options Exp strange moves to the up side. Will try and update some as we go.
Going with a Weekly view as we start to some Smart Money players get in the game. Sometimes you need to zoom out in order to see the bigger picture. The Post will include intraday (1HR) and Daily 3 YR chart for analysis. Red diagonal TL's (Diablo) and Red horizontal (TLX's) are TL's that are Key Levels (KL's). Yellow TL was the Short form level that was mentioned...
O/N taking out some easy FA's for Drop/Pop play. Long near 15400 for 15625 retest. NAZ continues to struggle to get and stay lower, strong Short on 15400 break. Range for CPI/Open is 15425-15525. BTD/FOMO Forever. Will update on Teams.
Need to view Sep Contract as NQ1 is off. Large Block Buying at 15240, looks like 15306 is KL for long above and Short below. Looking for retest of 306 and sideways to up in the Dead Zone. Positive Delta on orders so may be drop/pop set for Rig Friday into Monday. Will update on Teams.
Sitting Short at 15570 and targeting below. Time to drop test big and see how strong the NAZ really is. Blue Box is range or NTZ (no trade zone). Orange are FA's and easy targets below, news all day and nervous NAZ will get skittish. BTD/FOMO's have been weak, lately. Maybe early on the big Short, sometimes I am a day or so early. Watch the stalls. Will update on Teams.
New month new money and new game. The lift will be retested prior to next move higher, looking for a drop test in next few days and 15200 looks like a Target. NAZ in 100 point channel (500-600) and near top of long term channel. White arrow long and Yellow is Short. The massive (no reason) U Turn on 8/29 just sticks out like "A turd in a Punch Bowl", do not drink...
BTD/FOMO Friday. No O/N Prop Job usually leads to a Open Session rally. Tow orange TL's are potential drop zone for Short or Long set up. White is upper target should drop catch support. No drop, use upper target and on stall of Pop, use lower target zone. Orange Boxes are Failed Auctions that may attached the NAZ and then let it drop. Red/whites are O/R levels...
Since early June the NAZ bounced off 15000 and stayed in the Blu Box. On the Edge now and expect a U-Turn with the Fed Minutes (no fed-no rally). NAZ will be Propped near Danger Zone bottom, 15076-14900.
Friday Rally day, look or the drop offset to come in the Open Session as the O/N did not deliver. NAZ being held at 15145, may drop some to TLX 15107 and bounce during the Dead Zone for the BTD/FOMO's. Shaded Zone is NTZ until break out or Open Range.
NAZ in NTZ (no trade zone, orange box) and wait for break out. The KL's have been posted for days, Danger Zone is Blue Box below. NAZ tested mid DZ and will most likely break above the 430 KL and retest 553, this will be the 20th U-Turn near a cliff or Danger Zone level. NAZ just struggles to get/stay lower, BTD/FOMO forever. I will update Private on Teams.