NAZ Triangle, things may get scary under KL 695. Looking back at previous Post's will help with the forward forecast. The NAZ has been slowly (since 11/24) setting up the drop/test to the "Turd Zone" 20,695 (1st yellow circle). The drop is a correction at -10%, the next move may be an 85% retracement back up (2nd yellow circle) and if the KL 695 rejects the NAZ again, look for 3rd circle (KL 19,200). The NAZ may stay in shaded zone above and go sideways, look for push/pull when shorting. No P/P just stay Long as selling/shorting is not part of the Long Only passive index product world (mutual funds, ETFs, DCA into 401k). Selling is execution with conviction, that is the push/pull PA. No selling, the NAZ will snail float back up. BTW, old tricks seem to be fading or not as effective.
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Today is U Turn or drop to massive drop set up.註釋
NAZ is struggling to get lower, typical U Turn PA.註釋
Loading LONG all the way to 229 with 50 point stop under 229.註釋
Just looks like lower mop up prior to lift off.註釋
P/P is Push/Pull Price Action.註釋
Back later, sideways to O/N and lift should happen in O/N. Trail it up but may see some quick drop test clean outs. 註釋
3/6 Update, Just not feeling the selling force. Back t TLX 341, White is up and yellow is lower. Two yellow arrows above are KL's where the NAZ may retest with an up move. Entry, Target and get out these moves up as they will have pull backs drop tests. Going with U Turn above 300-340, below that may see 20,000-19,000 as 340 is ML of that range. Drop hold is your strong Long into Friday - Monday Rig Play drop offset. Washington Street knows all the Danger Zones and how to avoid.註釋
FYI, above kl 340-60 is 4th hit from above. May see more, a break under may be head fake short. 340-60 in NTZ on Shorts but OK for Longs. 註釋
Entry, Target, Exit. This is a must as we bounce around and you need to NOT trade in a Mid Range or you will get hurt. Circle is MOP Long set up and Yellow Arrow is the Start of some Push/Pull price action. The P/P is just noise and will do nothing but look like something. Hitting KL 280 now and will head fake lower or bounce. Should it go under and move lower, then the Mop/Pop was the head fake long and this will 1 way freight train lower. I just do not see as of now but things can change. 註釋
Retest of low is -10% and one Limit Down Overnight is -7% or -17%. I would not doubt that and would be a major Long Trap. This is getting very interesting when you think of the game/moves that can be played out here. The BTD/FOMO's may have been bait for the Pro's, again. 註釋
We may be looking at the start of a Bear and the balance of this week and the games into Monday will be the tell. Notice how all lifts are getting hit with a fade/selling. This will usually start out slow and then pick up. We have only seen one -6.7% O/N session since Covid Crash (we saw 2-3 negative 5%). If so, -10% is mid level and may have no conviction either way until the break (up or down). 註釋
3/7 Update, The drop started on a Friday (2/21), the Red TL is a Diablo (diagonal TL). The NAZ is getting squeezed between 2 Diablo's and may or most likely will, shoot out to the upside 1st. Just go with that and the fact that we are in the Friday-Monday Long play trade. Any lift will be good for the sellers as they will sell into that, this does not mean that the drop is over. Entry, Target, Exit/Reverse. 註釋
Go back to prior notes on this post, many KL's are still holding true. Mop Zone and hold level's: MP 309-216 and drop hold Long 20,000. We may see the Mop Zone be defended by the buyers even though we are under. The Long 1st trades have been working well, the reverse or Short's have been better as we have enjoyed the return of this option (been gone for years). Stay with Longs 1st, P/P shows up with a stall, look Short. I would not hold anything over this weekend, that being the case we may see mass exit later in the day. Good Luck today, we have seen hundreds of points the past 2 weeks (per day). 註釋
IDS250, this will show the trades per session. Shaded is O/N and Black is Reg Session. The lift up was mostly O/N while the Reg Session was sideways to lower until past few weeks or 2/21. Lift up low volume (all buying/rigging) and selling with heavier volume in the Reg Session (Big Volume). Expect the Long side to return with Pre Open Blast/Pops such as news or Fed Day's at 1 prior to Open. These will be tested during the Open Drive (1st 30M, Reg Session).註釋
Place Long with 100 point stop and take profit at 20,225 Scalp pop trade or stop out. NAZ at 20,109 now. 註釋
NAZ has been struggling to get lower, DZ on a Friday should pop at some point. This will open up more selling until the selling is gone. Just the flow or process.註釋
Looking for Squeeze pop above lower Diablo.註釋
Unless we see major push/pull, this is going back up.註釋
No Dead Zone lift and lower we go unless the Sideways to O/N lift is on. Back Later and NTZ in this range. 手動結束交易
Diablo Squeeze Pop signal at Cross. This is why the drop is unheard of and I have never seen (double). FYI, the flip side is that if it does go under it would be MASSIVE. Be cautious here and the GAP move is still in play until Sunday Open or even O/N (drop) pre Open Monday. I have to end post here and FLAT. I trust ZERO moves as the NAZ should not even be here in the first place. Blame all the O/N Rig (long) moves over the past year or so. 免責聲明
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免責聲明
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