Sticking with Shorts this month. O/N Stabilizing has been breaking down and the Reg Session has been selling off and then sideways with weak to zero strength. KL 20,269 is Long above and Short below. Typical flow has been Long in O/N, short for 1st 30-60M, Long in Dead Zone and Close was random. Should O/N Rig Stabilizer break down then the clear direction will...
September Post had the NAZ hit both lower and upper targets, the NAZ is range bound. The October play/noise will lean toward some Black Swan, election jitter, Fed Speak and through in the damage of Mother Nature. Unless the O/N Rig Team can fix this, NAZ may retest lower. Chart below is showing: Channel Break, Diablo and is hitting final FA called from last post....
NAZ has been in a range for most of August, will need to bust up or break down. Now 19,671 is TLX that will follow yellow or white arrows. Looking for Drop at 671, posted yesterday on August Post. The September Chart will show the YTD Open at 17,027 (look for retest), the Fib Levels and YTD High. Volume was low in August and the O/N did have many redirects back up...
The U-Turn call did play out. NAZ is moving to yellow arrow target and may play in white arrow range for much of August. Will update as we go. BTD/FOMO, Go Fed Forever. O/N is the BOSS (still).
Looking for low to up move during short Holiday week or more O/N Prop lifting than usual. The KL to watch is 19,818, a break of the Danger Zone will try some yellow dots. Near KL look for the typical U Turn attempt. YTD Open is the KL 17,027 and we have seen a 3,000 point range with ML 18,500 being a retest KL to anticipate. NAZ is running on fumes and will need...
Looking for the typical and predictable Friday-Monday Close rally play. Friday had the usual and typical late day redirect, only to start another low volume U Turn. They do it when most have gone for the day or we are near a Holiday. Now the O/N (low volume) lift is just creating the Long Chase. Need to see some big selling or this is just going back to 19,000....
The White arrows to the right side are KL's. 18700 YTD High, 17027 YTD Open and 16300 YTD Low. The white dash is Mid Level of YTD Range. 4/1 Post, we have hit lower target and my see some retracement back up, not looking for a KL 18590 retest. Use Yellow dots as targets for next move. Yellow diagonal TL is next retest and TLX 17867, may see sideways with slight...
NAZ near lower YTD Channel after struggling to get lower during lower volume Holiday week. Usually the next move is back up the entire distance of the multiple day decline and this is typically done in the off session (non Reg Session) over 1-2 days. A Gap up may show up on Sunday and if so, retest gap drop then up and away. Should that not play out and the NAZ...
Final week of month and quarter, with a long weekend & Holiday (4 day week, low volume, look LONG). NAZ in NTZ (no trade zone) at mid channel, will need to move up/down near KL for better signal. Chart: Thick white arrow is upper target, Thick yellow is lower, NAZ will need to move away/passed form either Shaded Zone and if not go with Opposite Direction Trade at...
NAZ once again with magical lift in the O/N to offset the Friday sell off or the previous O/N Pump/Dump. Am I the only one has noticed this? Now we need to se if the typical predictable 2nd half of the Friday-Monday Long Only pattern plays out today. Getting tricky as the pattern use to be Friday Long and Monday Long, previous 2 Friday's have gone lower with last...
The sloppy entire week has been in a narrow range, had the help of a 150 point contract change lift and the typical O/N lifts or redirects back UP. Blue zone BOX from yesterday, 17960 is original Danger Zone (prior to 150 point change lift). Deduct 150 from 18160 and you are near the DZ, U Turn in play now and starting from final 20 minutes of Thursday Close and...
NQ contract roll week, M (June) contract is active. The Friday volume was the combined highest in weeks, on a down day. The prior O/N (low volume) Long play/props are highlighted in the attached chart and are now targets. The moves balance out, for your reference. The Chart is the March NQ, not NQ1 as this is off. We have 10 trading days until Fed day and we may...
Key day #2, need to see a break down of typical patterns or NAZ back to ATH. KL 17867 with U-Turn #2, O/N with typical Prop (Pump/Dump Set Up ? ) and back to ML of yesterday O/R. KLOD is 18022, Orang are FA's and Blue KL 17960 is channel test/break. Placed a Fib on KL's and we are 50% back up from low. White arrow is BTD/FOMO and Yellow is Pop/Drop back to KL...
Yellow arrow is range to watch and look for a break out. The white lines are KL's to use as targets or turn zones. KLOD is 18285 and under is Short. KL 17867 had the U Turn in O/N Pre Open, this one may be retested prior to a move back up. Friday appears to have been a drop/offset day and Monday did not continue the prop but stabilized the level (all day). I have...
NAZ break below 14800 could get ugly. Long above and Short below. Dead Zone likely from ATH, chop between 14800 and ATH.
KLOD is 18335, look for NAZ to rotate 30 points above/below KLOD prior to break out. Pattern has been O/N drop (18312 O/N low) and pop into Open or near with O/R drop retest and sideways until Close. 18350-320 may be Open Range today. Friday Long play through Monday is also a pattern with sell off near or during Tuesday Reg Session. Orange Zones below are FA's and...
Look Long today or tomorrow, U Turn on the way or down the NAZ will go. Yellow arrow is range for break out, NAZ is in ML of O/N Range, KL 17867 look short below and long above, Orange Zones are targets for redirects if it, above 17908 is strong long. Final day of month and tomorrow is 1st day of March and a Friday, could be great set up for the Friday-Monday...
NAZ did not Rally on Friday, look for the 1st move today to try that. Yellow arrow is range for break out, KLOD is 18017 (long above and short below) and some FA's below. White TL above KLOD may be a turn zone. Looking for Reg Session strength as clue today (buying or selling), just predominantly O/N moves up will not keep the NAZ elevated. I will update on Teams.