Weak Price Action today. Look for the stall drop to really step in tomorrow. NAZ is ready to test lower, no dead zone relief.
NAZ looking to visit lower channel. Look for no Dead Zone lift and momentum to the downside. Sell rallies and take profit on Short trades as the DZ will most likely offset any drop that may happen during the Open Drive. Mid channel hold, NAZ may attempt upper yellow line.
Let's try this again. NAZ running on low volume moves and will stall out. Drop needed to confirm level and test the sell side.
NAZ will need to confirm some Air Pockets prior to a continued climb. The O/N and Dead Zone price action is running out of steam as the volumes have been extremely low, look for any selling to take the NAZ lower.
NAZ range day, upper target is the O/N prop target. A stall near is the proposed Short level. The lower range is the drop test or Long target. A failure here would suggest a move to Red line. The circle is the Strong Short and deeper drop lower zone. Friday was a low volume lift and prop session back to previous high, this most likely a Long Trap or start of a...
Daily on NAZ with bigger picture Long developing. Yellow is next pop play and white would be break out after pop. May take a few hits to pop through. I will leave this open for the balance of the 108 day average time period or box. Sunday through Monday and into Tuesday Open, look for the NAZ to be Propped up 200-300 points. BTD and some short squeeze action will...
No growth in Open. The NAZ will be propped in O/N and sell off in Open. Range for the day and China should come back as issue. The recent lift was to offset the next few moves lower.
NQ range day, tight and tired. Long above yellow line and look short below. White Diagonal TL may provide some direction. Looking for NAZ to actually move higher in Open Session and not all O/N. Should this not happen today, I will be Shorting the NAZ.
Got to go with Overnight Prop Magic, reaction at CPI release, then Good/Bad or Bad/Good strategy. Either way, the downward force has been pretty weak past 2 days, expect a lift (anyway you can). Yellow arrow would be the actual decline of the NAZ (not likely). NAZ can barley move lower, gets huge rallies up with no real reason.
NAZ not Propped is A/H, could get ugly. White arrow is Long, Yellow is Short. NAZ will try for 13094 TLX, mentioned it yesterday. Diagonal TL's should be roads lower, should the BTD's not show up. Play the range up/down, not seeing overwhelming strength on either side. Pass of lower TLX and no return during Open or DZ, NAZ may try for Box Top.
Intraday price action analysis will be needed for Monday should the NAZ not get propped Sunday/Monday and or dip during Open Drive on Monday. Lift to white line, Long above and Short below. Friday the NAZ tested 8/1 & 2 high and top 1st 30M of 8/3. No retest near level, NAZ may travel much higher than expected on Monday. Current Range forecast reflects recent NAZ range.
Many have asked about IDS system that I use. IDS is a combo of indicators and is used foe Scalping or Trend Following. This post should have the function to copy the settings or load onto your chart. If not let me know or let me know how to enable. Basic idea: IDS is a Range Bar chart at 27 bars. The Simple Lines indicators are set to combine IDS 20 with 27....
TLX test below., then Box Top. Just not feeling any strength with most recent 10% move of the NAZ . Could be wrong, going with the highly technical "gut feeling" indicator. Definition of "gut feeling" is typically a strong feeling of BS or opposite of the crowd. Have had Covid this week (speaking of BS, like medium typical cold), if I am wrong I will blame that...
I posted this on 7/29 and is the same move as of 3/15, which dropped BIGGER. Today or next few days, I think the rules get too confusing such as, is good news good or bad? Powel pivot not happening so will rally retreat? QT, is this good or bad? Too confusing as analyst are Bearish and BTD's keep playing into the Whipsaw machine. This group has been wrong all...
NAZ back in the BOX and top of Rainbow test. Weak price action today and past 3 days. No Prop tonight and some Geo type rumbles out of China should provide the push. Sideways to lower by EOD tomorrow. At times over the past 3 days the NAZ has actually been frozen with zero movement, this is new or I have never seen it.
Wimpy start to new Month, look for NAZ to get some extra help in Overnight. Then pre/near Open, we should see a sell off or Drop Test. Some TLX's Red lines (targets and turning points). Should see another Box Top test below. Long tonight and Short tomorrow.
Monday is new month and new money, should be bullish even without Overnight Prop. White Line 13124 will be the 1st upper test and Fib Level 13244, should NAZ pass. May be a 1 way day. 12822 is TLX and Box Top, NAZ bounced off this 3 times, failure and 12606 is next support. Yellow Box is the Overnight Express Zone, NAZ close anywhere in here Monday, Monday...
Past 2 days have mostly been from off session PA, easy to move in a direction. Time for NAZ to get back in its BOX. Yellow arrow is EOD Tuesday target. NAZ should stall tonight, drop after Open, then sideways to lower by close. Get propped some by Monday Open, drop after Open and start to move back in Box deeper by Tuesday close. Or, they can erase 50% or a 7...