Looking for a drop test, bounce and follow through to upper arrow. View my NQ1 daily post's for full day price action calls / forecasts.
NAZ may knee jerk and then ultimately climb higher back to upper trend channel. Yellow arrow left was last pre Open Prop Blast (1 minute move, mostly). We have been dropping at a snails pace since, go or get off the pot already. Any support after knee jerk drop may rally for test above near 10915 & 11150. May be nice drop/pop set up. Just seems like the easy PA is...
Range of NAZ, will need to break out of lower channel. O/N continues to be the stabilizer and Propster for the Drop of the Open Session. Long in O/N and Short the Open, same old story. U Turn in jeopardy and will need some drama/news to help the follow through.
Friday I was sitting Long with 18 contracts and closed at 11951, the final hour 200 point runner came next (reason I was pretty pissed). The 2 channels will provide the path higher or lower. The likely next move may be higher as the institutions will be in the distribution mode, after accumulating shares all the way lower since the recent high (12300). This may...
Adjusted the Range Box, NAZ has been at current level may times with a Hold and Bounce. Looking for final week of year bounce prior to Box Drop. This may not happen and may be a drop out of Box into next year. This is a guide and not a guarantee of actual events that will actually happen. Some followers seem to not understand this concept or method. If you have...
Left white line is Covid low, right white is near high/1-1-22 and yellow is target for both indexes. Whit Line is NAZ & Orange is SP500. Just feel that both are ready for an upper test, next move. I will leave this open along with 6-20-22 Post.
NAZ in Mid Box, Danger Zone & MOP Channel. KL's (yellow lines) above and below. NAZ below 30MA and POC. Expect a bounce into low volume final 2 weeks. Expect some propping up and lift prior to 1st Quarter 23 drop.
With the recent price action I have shifted from daily to weekly forecast. Yellow Arrow is Range, failure at yellow circle is strong short. White Arrow is Long and support at white circle is strong long. White dash is mid channel and Fib Level. Thick blue TL's and thick white TL's create a TLX at 12,000 & 11,000. The recent drop is 1,050 points and may see a...
Original chart posted on 10-10-22, updates below. NAZ is staying in the channel and did bounce near 10640 KL. POC has dropped near 11,500 with sideways channel (solid red lines with mid as dash). NAZ may head back toward upper channel or POC. Will update with daily 11-7-22 post with intraday KL's.
O/N making it look real. Going with Drop/Pop into Gov't issued news. Any drop in Overnight does not show up when the Open session opens up. O/N riggers can take the night off as their partner will step in, just in time. BTD and use wide stops. After the pop and just before the Open, close your long as the Open Session will selloff. Drop/Pop Long set up. Lets see...
Danger Zone U Turn #4 will provide some cushion that will be chipped away as the NAZ will work its way lower, until we get to some Holiday sessions where it will be lifted back up. NAZ back in Long Term channel and yellow are KL's. I used my fortune telling skills over the past few days with the U Turn set up, chat below 11430 was U Turn call. Look for push pull...
NAZ under 50MA at 30MA, under POC, in the BOX. Long above 11430 and Short below. As we get near the Open Session that usually sells off, expect a bounce out of the NAZ that will be generated 1 hour prior from a Gov't issued new release. O/N Riggers did their job and now to the next. Daily with MA's, POC & Box
NAZ came within 40 points of Danger Zone (11530), with final 10 minute Pop and O/N Prop Job the U turn has played out for now. Going with Range as the Open may selloff and retest 11,600 level. Blue dotted are additional KL's to watch. TLX 11682, Long above and Short below. May see flip flopping at level.
NAZ is near 50% or Mid range of Holiday Danger Zone Prop Job. DZ level is 11529, going with O/N Prop/Drop into Monday Open. Or, no idea on next move, follow white TL's to KL's and look for next clue. Notes: Monday's are usually Bullish, we are near Month End, many institutional firms (large buyers) will chase any movement higher regardless of reality, DZ U turn...
NAZ getting rejected at White Dash, longer term TL. Arrow's are Channel Mid/Bottom and Yellow lines are KL's. Short day, I am out today. Post is for those that may be working today. Possible plays: Drop/Pop at KL 773, 840 Pop/Drop to 905 and Back to 840 or 773. YTD Box Chart
NAZ may continue to lift, mentioned last week that smart money typically can't get out easily during Holiday weeks. Seeing that our world is now primarily Long only products and Indexing (with smart money trapped), you would think up 1st. The targets are yellow lines and we may see a typical drop/pop at Open, 11670 may be low buy zone. IDS50 Chart, Red are sell,...
NAZ staying in the range just above Danger Zone, bounced off lower KL 11527 and back near consolidation zone. Long above TLX 11649 and Short below, extreme lower support is 11439, max upper target is 11840. Looking at 300 point range of play today with 11500 being lower end. Low volume and whippy quick moves that just hit target to target. NOTE that 11527 is a...
NAZ just out of lower box and heavy resistance above. Recent lift was mostly done with a 1 minute 500 point run in pre Open and a momentum follow trough Friday. Above POC 11500 and would expect a retest prior to next move higher. Looking for some drop test moves, these will need to be bought quickly to confirm strength. BTD & FOMO PA as Long Only products can not...