So far the YE Forecast post is holding true. The NAZ did take 1st move higher (Election & Fed Day), any Gov't related news/event usually move Up 1st. The drop back down will need to stay above 19,890 (U Turn Zone) and strong short under. The 3 white TL's are what to look for and use opposite direction trades near these. Remember, Holiday weeks and December generally will try to move up as these are lower trading volume days. Any significant drop will most likely be redirected during the period. 1st Q 25 may be a clean out of Rigged Froth.
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Yellow arrows are TLX Levels and these are reliable U Turn Zones. Should the NAZ Not U Turn it will drop big and do Not BTD until it goes sideways for at least a few days to a week. Go Fed (while you can), new Sherriff in on deck. Or maybe politics will seep into Mag 7 Rig Plays?? Problems happen when the Eggs are all in 1 basket (tiny basket, big eggs). Consternation on steroids. Just watch to see if Monday Long Play helps the U Turn attempt, this would most likely not be during Reg Session. Not
Under 700 is a Short to 550. Use a close stop.Not
Interesting and should NAZ not drop and goes sideways to the O/N it may rocket up. That is exactly how the previous 35 or so U Turns have played out. The O/N is THE BOSS and any light volume session such as next week will usually push this back up, 95% of the time. Do not for in love with your Short potions as it has not worked for the strong move lower. NAZ now is playing the upper edge of the O/N High. The BTD/FOMO's are still in control. If you are short, lower stop or trail it lower and expect to get stopped out all the way lower. Reversing to Long is not the play just yet. Not
NAZ needs to stay above 700, may retest. I am flat and was not expecting another U Turn so easily. Crazy to the Long side, still. BTD/FOMO Forever.Not
Dropped to 720 and popped to near 800. The risk is that Friday-Monday Long play into a low volume Holiday week (which is usually Long, Long & Long). The drop is due and may not actually happen until January. Today looks like typical U Turn PA and may be head fake should F-M not play out and start some deep selling. Do Not Fall In Love With Any SHORT. Scalp, Scalp Scalp until some strong force shows up. Not
Back to scalping on short side as BTD/FOMO's still in control. O/N will have to Jack This Up or the NAZ is toast. Not
11/21 Update and looking like U Turn play out of Propped O/N and into the Friday - Monday Long pop and then you have no - low volume Holiday which should place the NAZ on Jupiter. Just saying, that is what may happen or the exact opposite. Just wait on the breakout and confirm. Sorry can't be more helpful as we are dealing with a Split Personality that literally trades differently depending on the time of day (O/N, Pre Open, Open Drive, Dead Zone & Close). When you figure it out, let me know. Not
Dead Mid Range of what appears to be sellers getting out and buyers getting in. Who will be correct? It will be a major move when it actually happens. Go with Long in O/N or near, Short at Open Drive or Reg Session that is dropping hard. Other than that, BTD/FOMO Forever and especially nest week when nobody is working. Uber is hiring and you can always deliver Pizza until trading comes back. Not
11/22 Update and NAZ lower in O/N. We have seen some 2 way PA with flipping during session changes. O/N is (Jekyll) and Reg Session is (Hyde). Chart below is daily and we are near the last major Holiday high (7/4). KL 981 is Long above and under is Short. 17,027 is 2024 Open Price. 18,750 is Mid of YTD range and I am going with that unless the Low Volume Holiday Rig Team can spin some magic. Not
Review my previous posts, I have 4-5 years of daily calls. The pattern of using the O/N to prop the NAZ up is very consistently used during Pre 3 day weekends, any Holiday week and typically most Friday-Monday combo sessions. Any low volume trading period usually moves Up 1st and then you usually see the drop retest in the higher volume (1st hour) session only. After 1st hour, back to low volume snail lift up or sideways to the Safe Zone (Overnight) for the next rig move up. I am just waiting for the heavy volume flash crash the will cleanout the garbage, BTD's and FOMO's. Thing January after holidays are over. Not
Good luck, this has to be the strangest weakest bull rally that I have ever seen, just looks like a huge Long Trap for the BTD/FOMO's. Not
Closing post, will start new for 12/2. Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.