


MAZing
PremiumLooking 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.
Many calls did play out last week and looking for some targets to get tested this week. On 7/29 called the Yellow arrow (last week's called range), the white is this week's. NDX has some gaps to retest, YTD chart below and yellow arrows are the targets. The 30M and 4HR charts are adjusted to match the NDX gaps. Anyway, the Overnight will be used to redirect...
The 5% pull back is playing out. We had the heavy selling after the O/N Pump/Dump into the selling of the Reg Session and Outside Day Reversal. Up for weeks and down in hours. Next break down will have to be the failure of the long standing Friday into Monday Long Play. We did get the reg session selling and now O/N selling. Looking for the trifecta and failed F-M...
NAZ is at upper target and Turn Zone from May 12th post. Failure here should see a 5% drop test. The idea is that buyers will need some sellers in order to get higher. The sellers will help to test the level strength. Month end into a Friday-Monday Long play and a break in this long standing pattern may create the opposite. Current danger zone is the 23,486 KL....
The F-M Long Rig is active with a Gap Up and Pump/Dump play. Just notice KL 486 and how/when the NAZ gets above. In O/N, the Reg Session and previous hits at 23,440 got rejected and is why you are seeing the move in the off session. The BTD/FOMO chase is active, Pump/Dump near Open today for next move.
The O/N slight lift back to Mid Level of range. The big Tweet regarding Japan, did show up after the close. Now we need to see how the Open Drive & Reg Session move today, may be snail lift higher 1st. The next bullish move would be F-M Long play. The selling just does not have much force or is part of the head fake prior to a decent drop test. Still Scalp Shorts...
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.
NAZ again can't hold on the Monday off session pump during the Reg Session and does hit lower zone of 22,920. Next trick is Gov't controlled news (released in off session of course) should that not lift it then KL's 881-780 may be next. The NAZ will go lower under 780 and will be a Strong Short under 22,700. The issue is with getting past the off session...
The NAZ appears to be due for a Drop Test back inside the lower range. F-M Long play and O/N lift moves seem to be loosing their effectiveness. Looking for a 22,300-200 target on drop and if not, look for U Turn under 23,300.
White arrow is stall/drop zone and yellow is strong short. The O/N continues to reset any drops that happen in most Reg Sessions. It appears to me that a weak/fake Euphoric Stage is being played out. The idea of chasing the NAZ (after the O/N redirect) is the game, no chase and the game will end. The O/N has been redirecting for about 2 years (can continue)....
NAZ will have to get some help with a Tweet or two in order to get above KL 22,881. This Post will have Monday close as end point. Look for the long weekend to use the Pop Trick into Monday and if not, we have a decent short developing. BTD/FOMO Forever, you don't even need much volume or fundamental/technical reasons.
YTD Open level is Blue line below. NAZ up 8% YTD and 40% from YTD low. We may see 8-10% range be the drop zone and retest the YTD Open Level. 22,800 -21,800 has been an extremely low volume 1,000 1 way ride up (not seeing any selling). We should see the sell side show up as NAZ should drop back in the 1,000 soft zone. 4HR YTD Chart below:
Same old plays keep repeating: Long in O/N and Dump at Open Drive then sideways to the Close. Today, look short under 881. You can Scalp Shorts or take Longs at any drop/hold. Holiday week so look Long as the volume will be light.
Going with the recent pop as: Short Cover rally or Drop Offset. We may see a decent head fake long set up as some may start to exit (up here). Give it the week with the Friday-Monday Long move to change to Short Rip lower.
NAZ U Turn #45 or Bust, we have the Friday-Monday Long Rig test on deck. The F-M trade has been working for about a year and half, the break down here may be a big dipper. Watch the Tweet stall out and Reg Session selling, otherwise to the Moon with F-M lift.
Update to prior Post and Short Call at 22,040. NAZ did drop 700 points of the 1,000 expected. Balance of drop to watch for in Reg Session or the typical F-M Long Play is on deck.
NAZ inside the range should try lower and fall through for a drop test. F-M Long Play Fizzle.
TACO Trade LONG, China will increase the US Tariffs, we reduce the China and the NAZ will increase, Bunker will spin it and you will scratch your head. Don't worry it is upside down world, just go with it and SHORT it on Tuesday. Following the white arrow until stal out or rejection near channel bottom above.