NAZ back at bottom prop zone and looking to go higher. 3/1 post had 3/2 calls, look for a slight drop/pop into the weekend. NAZ will try to break through the Diablo. Past yellow target are boxes that may be reached with some BTD/FOMO help. Note: Final Week. For those that follow, after 3 years and 500 Daily TV Post's, I will be ending the Daily Forecast &...
This set up is so strange, look for wild ride. O/N tested value area of 2/24 and bounced, back at Diablo (wants to pass). Rectangles are lift zones or targets and the NAZ hit 4 on the way up from VA test. Yellow lines are pull back to Long levels. NAZ may PB to line and pop or drop to next, on hold look Long. Should PB's hold the targets are rectangles above...
Narrow beginning to the week that may widen today. White is Long and Yellow Short, KL 12110 is target/entry based on PA at level. The intraday strength and price action has been weak, lower volume past few days. Trend is still lower, for now. Note: Final Week. For those that follow, after 3 years and 500 Daily TV Post's, I will be ending the Daily Forecast &...
NAZ did close at lower weekly target and was propped up away from free fall danger zone. O/N may continue to prop up into Monday and Monday's are usually bullish. The Open on Monday may retest some failed auctions, prior to lift higher to upper target. Both levels will need to be retested, prior to next move. The direction may be reversed, use KL's for trade...
NAZ has had 3 U Turns at KL 12055 and 3 rejections near 12261. Did not go above O/N high on Thursday, after O/N prop and Open selloff. KL's to use and Long above 12329, Short at no pass. Short below 12150 and Long at KL hold. Strong Short under 12117. O/N price action will be key tonight and would only expect a lift with selloff at Open. A selloff in O/N usually...
NAZ is inside what I call a Prop Box. The late 2022 Box was 4-5 days up with 30 or so lower. We are in a Box now which is stacked on top of previous. Short at Top, look Long at Bottom and any Reversing at Mid Box. Yellow arrow is weekly range, Thick upper white is YTD potential High, 11613 is lower drop target and Strong Long (should/when NAZ breaks out of...
NAZ did retest Open Drive levels and then dropped. Under 2 weekly POC's and going lower. No Fed No Rally and the Dead Zone delivered a half U Turn yesterday. Tomorrow will be interesting to see how/what the DZ can pull off. Smart Money will continue to exist stage left (BTD/FOMO's are appreciated) unless we see some QE, Stimulus, Bail Out, etc. Note: For those...
NAZ needs to retest 12588 and head back to Open Drive base. Looking for Pop/Drop PA near or during Open Drive tomorrow. All Dead Zone and BTD/FOMO strength (usually wrong and late). Smart Money is ready and waiting to exit. May be early, white arrow is Long target. Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the...
Strange price action on Tuesday, watch O/N drop or pop/drop in regular session. Another U Turn at the Danger Zone (12,400) and still no seriously down O/N session (the entire Bear market). The lift just seems a bit too easy or predictable, may be a Short set up (should be). Next BTD may turn ugly. Dollar Cost Short if you feel it, may drop quickly. Note: For...
The Monday move has propped the NAZ up and makes the next move very hard to predict. Option 1 is white and 2 is yellow. O/N should be flat and expect a 1 way blast at CPI release. Gov't related news has been moving the markets the most recently and I expect this will continue. The U Turn in the Danger Zone today, may be just another prop drop/offset and will help...
Follow the arrows, just feel a Prop Job on the way (O/N Sunday into Monday) or Drop/Pop (Monday Open Drive). NAZ is in the Danger Zone so expect a U Turn (middle of night or off session), Monday's are usually bullish, NAZ struggled to get lower on Friday and BTD's/FOMO's want to buy. Besides a pop up will provide a better Short Entry. Will update as we go. Note:...
NAZ on the Edge or Cliff. No Fed No Rally continues. Out of the Box below and South we go. Still inside weekly Box. Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you...
NAZ stayed under TLX and is on the long term TL. Play the boring range and sell all lifts. No FED and no rally, no strength, no FOMO or BTD price action. Long only will bail, until next stimulus, QE, bailout, etc. Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to...
Once again, we get a rally based off Gov't type news. These usually fade and the previous day and half was a narrow pancake so the Pop looks bigger. NAZ still nowhere higher than 4 trading days ago. Needs to get out of the Box, balance of the week. 12748 TLX is Long above and Short below. Strong Short below 12580 with target of 12275/12000. NAZ needs to bounce big...
Monday did not do much, at all. Maybe tomorrow we a decent Drop. NAZ should test 12,100 this week. Looking for O/N lift to offset the Open Drop. White arrow is Long and Yellow is Short. Does not matter, we will trade the intraday moves (narrow or wide). Just seems like NAZ will be magically moving higher prior to offset next big drop (thought would of been...
Monday will have many challenges on the Long side. We have both Upper resistance at KL 12867 and a TLX 12758 with a Diablo (white diag TL). Wide range of 300 points (upper/lower white lines). Short under TLX and Long above. Trade at KL's in opposite direction and we should see some 2-3 way traffic. Break below Orange dash, heading to White dotted. TLX 12003 is not...
This is the backend of the my 2/21 Short Post. Original idea with Post was the 14% Drop/Pop, which did play out. Now, the focus is with the Non Tested Gap (10,500 to 9,700). NQ Earnings Week post did hit upper Target with an initial 80-100 point or rejection into the close. The Earnings Week post has 2 options from KL, one is lower. NQ 1st Quarter Post is also at...
The Long path of the NQ, should a Pop be in the mix. Blue TL is the Long above, NAZ has been bouncing off. Looking for 1st Q bounce and fall back to and below Blue TL. Yellow horizontal lines are TLX's (trend line cross), these are reliable KL's (key levels) that have developed the direction. Recent support at 10879 did retest the huge "air pocket" day in mid...