NAZ with weak buying price action, looking for slight sell off. Hitting upper channel and Box Top. Baseline Chart
NAZ just rotating in O/N with no direction or strength. Red line is Strong Short under with lower targets below. Finishing the 5 day forecast, NAZ basically stayed in the sideways channel and never had a day when the Open Session made/kept gains. Mostly O/N pumping with rally selling in Open Session. Toady should be a 1 way south weak grinder. That said you can...
NAZ getting ready to turn and test above some. Last Thursday may have been a poke test higher to check the buying interest and Friday looked like a weak low conviction slowly sell - sell off. Play 1) White circle Buy Zone and Red, upper target or Sell Zone. Play 2) Red circle Short Zone and White Target and Strong Short Zone. Reliable intraday indicators lately...
The below example is the structure and development of the whipsaw MOP. The Break is the initial move lower, at stall the next move is higher. This will clean out stops of shorts that followed down. The buying and closing of stops (buy orders) generate the move up. The MOP is a channel that moves up and down cleaning out stops until it Breaks Out. The NAZ typically...
Expecting some push pull to show up in open session after a slight lift in O/N. 11110 may be max lift and not excepting any significant buying in O/N or Open Session. Been noticing some strong lifts only to be followed with stronger selling. Tomorrow could be a 1 way day. Again, we have not seen a limit down O/N session YTD or Bear Market. This is extremely odd...
O/N not doing it tonight, this is usually a very bad signal. Sideways in red box and big move in the direction out. Red diagonal is upper channel and NAZ is back under. Need to see some gains in Open Session (and hold). On the Long side, lately when O/N does not prop the Open does resume recent high (which is why Range day).
Bigger Reaction taking place with help from O/N. So from Sunday night to Tuesday morning, we seem to have fixed the inflation drama, QT, CPI, etc. Again, most of mysteriously gains in O/N, kind of like Bigfoot (we can call it Bullfoot). The Bullfoot seems hide in the night and magically push the market up. All part of what I look at when forecasting. You need to...
NAZ stayed in the range of Thursday price action. Going with Range day for Monday with O/N not propping much. Looking for Drop/Pop for Monday, which tend to be bullish. Next stall above may be the stronger push lower for bottom test. Today just melted lower and could be a Long set up as we did not see much force with drop.
Going with a Range. Looking for the 10925 level to defend a drop, this level had 2,000 plus readings a few times today. Great spot for a Long Trade. Not real impressed with the close or level at close, suggest a retest lower after the O/N prop machines rigs it up. Will update as we go.
NAZ looking like double bottom. Today's hold was much like circle (day) to the left. Knee jerk with release and potential bounce, 2 way day tomorrow. Do not expect much in O/N, may see sideways with drop and pop after Open. When bearish tilt is full, many times a bounce will follow. Today was a wide MOP and a big move will follow.
O/N most likely providing another Prop drop offset, for the Open. This may trick the BTD's & FOMO's to buy so, white is Long and Yellow is Short. Shaded arrow is Target Drop/Pop that may play out. Some info today, NAZ intraday selling pressure has somewhat lifted. Late yesterday sell off appears to be a Long set up and a good one. Lines are KL's (key levels),...
NAZ showing some support at 10907 for 2nd time. 2nd hit at 10880 with bounce, potential DB. NAZ may move from lower MOP to MOP above. Sharp declines continue to be followed by 100 point plus bounces. Long above 10960 and Short below.
Despite Friday, the markets had a positive week. Think next move is higher as test, prior to next drop. My Thursday Post was 1 day late and for Friday. Looking at Monday, going with pop/drop. The MOP (channel prior to 100 point move) have been reliable, the circles are potential MOP's and the oval was the previous MOP that developed the drop. That is what I was...
New settings are included in the update. The 27 and 50 are slightly different.
NAZ with H/S and held up strangely today, I was looking for 1 way no return move and they will not let that happen. NAZ should of gone down big today. 11640 drop looks like a Long set up. NAZ will try and get back in the channel. O/N drop is Open Pop, that has been the pattern. Bad news Good news will be the play or whatever fits to lift the NAZ, BTD. Could be...
NAZ did have a 2nd drop today that was bought and this may keep the momentum going higher for another day. O/N Prop machine took the night off last, so they will be fired up tonight. KL and target 11807 is the test level for next move. TLX 11640, under and out of channel is the Strong Short (not likely). Push Pull did fade 1/3 the way through the day. NAZ tested...
NAZ was primarily lifted in O/N and did retest O/N high in Open. Expect further propping in O/N unless the M forming follows the white arrow. TLX 11646 is Long above and Short below. The channel has been adjusted and the NAZ is on the high side of Diagonal TL. In the Box, yellow line is support. Going with an overall Short and expect NAZ to come out of the...
NAZ benefiting form new month/quarter and pent up demand for the buy side, this can last for hundreds of points. We will take it day by day. My indicators do not make much sense, this matches the 9 month Bear market that has not had ANY serious O/N selling pressure. Enjoy the Bear Market Rally while it lasts (this feels like a Drop Offset at this point). A retest...