I have not posted a Target call in awhile, this one is Long to upper TZ (23,486) and Short to YTD Open level. Prior use of Diablo's to Target drop was prior to NAZ 25% drop (11/24 Post's).
We are due for some drop retesting as we watch typical Long Side Tweets, Tricks and Games start to fizzle some. Today into Monday will be a key signal.
We are due for some drop retesting as we watch typical Long Side Tweets, Tricks and Games start to fizzle some. Today into Monday will be a key signal.
Note
Drop Test to 217 for next move and reaction.Note
Hit and held for now.Note
Another Open Drive sell off and not sure the typical F-M Long move will play out today. Mentioned this yesterday, pattern change would be a direction change/stall signal. Note
Range for breakout and lower targets may be weeks away, FYI. NAZ may struggle to get lower and then just drop.Note
Lower Targets. Note
What a drop will look like is showing large 4 HR candles on the way lower and hitting and dropping under each arrow. The majority of the 4 HR move will happen in minutes (inside each candle). The NAZ will erase multiple candles with just a few on the way down. We may see many sideways but the majority of move will be in concentrated periods. The struggle lower will be hard to see (Push/Pull) as the Pro's need buyers to get out. Any hold in range may bring it back up but will have to breakout above range high. Still Scalping Short until breakout below range. Watch the Tweets and such as they tend to be effective and timely. Note
1st arrow is hit, will or may see drop by EOD or gap lower into Sunday/Monday. That is, unless the O/N Rig Team jacks it up by Monday Open Drive Drop zone. Have a great weekend.Note
7/21 Update, So the Friday Reg Session drop lower has been lifted back up (guess) in the Overnight. No damage and the Monday Pump/Dump or lift to upper Turn Zone target is next. The Play will be lift attempt 1st most likely and then sideways to mid or lower TZ Channel to O/N for next move. The O/N is The BOSS and will not let go of the title. Note
Note
Upper 4HR Chart may show an M and if so, could get moving lower. Scalping Short is the only way to play the short side until the House of Cards, Tricks, Tweets and Games end. Note
short under 440Note
Looking for the Short under 440-480 range.Note
AP below so will pop up or drop Big.Note
M on 30 minute, these snap drops are hard to see and will only happen after a few rejections at a KL. Let's see how final hour plays out, then the O/N Rig Lift traders. Note
NAZ did breakout here, may retest or retest and drop back under with some speed. That KL is most important now. Note
Notice the AP and divergence from earlier. Normal days these would be a decent drop signal. That is "normal times" and we are not in normal times FOMO's. Problem these days is with the next Rig Group up next, such as the O/N at this time. Just always keeps you on your heels with the heavy duty SHORTS. Note
7/22 Update. The NAZ is back under the Yellow Arrow zone.Note
23,175 is KL and Long above Short below. I would expect the next 3 day to see NAZ move lower.Note
Plan under Diablo and may take days or week or two.Note
Long move and inside TZ would be the pop off 280 to 480. Doubt it but momentum is still driving up some and O/N is still active for another hour.Note
April and May lift has run up and the old "Sell in May" play has again done exact opposite. This has been the pattern for past many years. The summer lower volume months tend to be bullish, this may reverse as we get near August/September.Note
Saying with Short and looking for NAZ to get and stay under 290 at Open Drive, 280-480 TZ. Back later.Note
Back to KL 280, let's see if it Rips lower here or Magic lift back up in TZ.Note
If today is O/N Pump/Dump Hook Short, we may see some force behind the lower move and one of the 1st in many many weeks.Note
Expect some Tweets at 175.Note
KL 175 Hit, Tweet or Bust lowerNote
22,870 after the 22,095. Needs to pass 22,095.Note
Chart from last Friday, see how the move up played out prior to the drop. This is a typical Long Trap test. They pull them in and then the Real Move happens. Note
23,095 Typo.Note
175 retest and sideways to drop back to KL 095Note
Scalping Shorts was working and the plan is to hold the big one that beaks away. This one is setting up but will struggle to get lower and then make its move. That next retest lower should be the one to hold. Just keep an eye on 23,095 today. Note
Still under the Diablo, careful with Long side under or near Diablo. Scalp Shorting is best until the break out, on the way in off session or any odd trading time period. Note
Still looking Short under DiabloNote
Push/Pull PA is showing upNote
Where are the Tweets?Note
Diablo hit and rejectedNote
Notice how the Open Drive 30M candle erased 3-4 days of snail lift candles. This drop will need to be rescued by the O/N or Tweeter or any Rig Player. If not, lower we GO.Note
Short play is back under 230 and next drop is 23,000, if so. No drop then the O/N lift pro's will push it higher and away from Danger Zone.Note
If you are looking Long, use stop as this one looks like Head Fake (Quick Pop). Just not sure any lift into Close or early O/N will hold for long.Trade closed manually
Will close this Post out, NAZ under 230 did drop into the O/N. Will update with new Post by Open Drive.
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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.