Looking at a Double Top drop at O/N TYD High this week. Red lines are TLX targets lower. Looking for YTD open price level retest to be hit prior to next leg upward. Danger Zone 486 is Long above and Short below for now.
Note
Short to the DZ for a drop test.Note
Ticks need to get deep negative or NAZ is drifting up slowly. Note
Adding at 750 hit or near. Note
Load it up Short and hold your nose. Use a stop should Magic lift show up, if so it should drop later.Note
770 to 670 is the idea here as the snail price action baits the FOMO's.Note
Back later, should it drop it has to get out of the channel or back up. Note
4 HR view, this is the strangest weakest price action I think I have ever seen. Things are changing and I would just be careful with any longs until we see a major retest below. Note
These vertical moves usually get retested prior to next move (which can be up, after retest). Note
Staying Short for the Tuesday turn around typical drop.Note
Back inside and this may be a key set up while most have their guards down. Sneaky drop today or bigger drop tomorrow is the idea. Note
Drop or Pop time. NAZ will need to get the O/N before it starts to drop anymore (usually what it does).Note
Again, most moves will see a decent counter move prior to the Real/Actual move. We saw that last week prior to the 4.5% drop. Note
Earlier note today, The Idea: 770 to 670 bait on the FOMO's. Now the O/N will either lift it again or this is then Big One. Lift Bait Drop, game for months. Note
Now it needs to break the Channel.Note
Break through in final minutes, now what? Need to see what tricks/tweets take place in the O/N.Note
May hang for DZ retest at 486.Note
8/12 Update, No DZ 486 hit, just yet.Note
Back up in O/N prior to the Open, typical and now a bounce off lower Chanel TL. 843 to 486 is the range to watch.Note
Every move has a counter move of similar to equal distance. Short and long scalping until break out. I took some off prior short but did not close all. Will see what Open Range (O/R) doe here.Note
Another way you can tell a fake move is when news breaks (in the pre open) and you get no wiggle. That means that all inventors were thinking the same direction in the entire world at the same time, unlikely.Note
Short near KL 843.Note
Looking like more Long bait and then the drop after sideways move).Note
Scalp whiplash, this is getting ridiculous. Note
Short it again and use any points you made on previous trades as the stop, risk free trade. Or you can go Long if you are of the BTD/FOMO mindset.Note
On Short with 24,050 as Break Even on Stop, will let roll as I am looking for the drop test prior to the Friday - Monday Long Move. Should NAZ lift prior to Friday then the F-M move may be the sell move instead of Long.Note
Here we go, drop or pop.Note
Since 8/31 & 7/1, volume has been about half of those 2 days. This may be the decent counter move prior the the actual move. NAZ is barley moving as if the market is not open. Note
Air Pocket into the O/N, Divergence may not break at all or until tomorrow Open.Note
NDX is back to TL, needs to get above or a rejection will redirect this. Note
Channel lower highs with similar lows. The highs are weakening while the lows are hitting the bottom channel. Should the O/N (tonight) not Rig it Up it will go back to lower channel and bounce or bust. That bounce will need be higher than channel middle. Note
8/13 Update, O/N lift and riding the ML of channel. Moving stop to 24,200 and adding all the way up should it climb higher. Note
Divergence did not break and looking for that in Reg Session.Note
Upper Long Target hit and looking for yellow arrow range next 
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.
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.