Churning in the Churn Zone, back at Mid Level (ML) of range. Watch the 2 yellow dash levels, break to upper/lower churn range is redirect or counter move. Example, White arrow range play stall at 425 should reject to start or lower yellow arrow. Reverse that should NAZ drop to the start or yellow arrow (unless it is the big one). Still favoring the SHORT side and not chasing any upward moves. Go Fed, Tweets, Next Stimulus, Wash ST Capital Management & Margin Services, etc. Just seems like the lift on fumes is good set up for the counter move (if you can play that, example Wash St Hedge Fund). Ya think? No, why not?
Not
10/7 Update, I was out yesterday (Monday 10/6) for the AMD news (move) that pumped the tech trade (AI). I had time to review many Big Deals such as Tariffs, Intel (US Gov't), AMD/Open AI, etc. The one thing that I noticed was the lack of details and how most moves up in market were in pre market or off session. The other was the sideways move based on what I would consider to be major or huge deals (would expect a higher move in the market). NAZ has been sideways for past 11 trading days (staying near 24,095) with most lifts in O/N, this does appear to be weakness based on the amount of news/deals/Tweets that have been released over the period (NAZ should be much higher). Not
Under 150 is Strong Short, No drop and slow lift higherNot
Scalping Shorts, same old PA.Not
Boat is heavily loaded to one side and will need to rebalance some. Decent drop may be near.Not
275 is hook short or pop up, to sideways and then next move above 275 is Long and under is ShortNot
Back later, just notice hat the Short play has moved more than Long Prop O/N Garbage. Should this hold, we may have a direction change in the works (from the Reg Session). Not
Just watch the Tweets, should drop nicely here. Not
Entry, Target, Exit, Scalp the Shorts until All hell breaks loose. Not
As NAZ lingers along lower, pay attention to the volume as it may get heavy on the selling side as we are tracking at a higher rate today. Not
FYI, IDS75 will stay Red (Short) and not show false signals. This will need to play out and stay under the RED Moving Averages above. Under 25,100-150 is your guide here and may lift - stall - drop, only variable is the LIFT in the Overnight (90% chance it goes sideways to up). No lift in O/N, this may be a decent drop deep in the lower Churn Zone. Not
Past 8 days, O/N lift to Reg Session selling, then O/N lift to Reg Selling. What I have been looking for is the break in pattern. The focus is with the session that can handle the heavier volume. Since Reg sells mostly and can handle volume, we may start there with a decent drop test. That may switch the O/N into sell mode and that may be the "all hell break loose" moment. Not
10/8 Update, O/N does stabilize and attempt a few lifts higher. You may want to look Long today, Hook move may be in works. Below on 10/1 we had a drop that was followed up by a Hook Long (in the Reg Session). Today we are looking at an Air Pocket drop or Hook Long set up. Should the AP drop it may go to lower Churn Zone and Danger Zone edge. Since nobody wants THAT, may see reverse of that idea today.Not
Looking at daily chart or Dollar, Crude and VIX it appears that hey can move higher. Looking at most LC Tech (MAAG 7), most appear to be stalling at resistance. NAZ will need an All Cylinder type counter move in order to take it down. Dollar, 10YN, Crude & VIX (going up) with most MAAG 7 dropping would be the start, need to see if Reg Session picks up (more) selling volume today.Not
25,250-60 may reject some and provide a drop test signal for next move.Not
Stop at 280Not
AI is looking like a Pump TO Dump based on the DETAILS that are now out on the many deals that Juiced the move. The Dump part of the move may not play out should this all hold up, may take months to years to see the results. This may be why the intraday price action is slow. We may be in a Long only waiting game until results show up. Closing Short today for small profit. I would expect the sideways to lower (Reg Session) and O/N lifting to be the primary moves for days and if not weeks. Not
Short ClosedNot
Done for today, in tomorrow and out on Friday. Not really watching that closely unless we get a move near 25,300-400 or near 24,900.Not
25,100 is target on a drop, not likely until tomorrow O/R. Also, volume is extremely low today so a drop will usually follow. Not
In week 2 of forecast NAZ is 100 point above prior high and 100 points under 1st target (Top Churn Zone). No rejection at 1st target (25,450), look for slow lift upward with Friday-Monday Long play next. Stall out now or above will likely see a retest of KL's 25,094 and 24,750 and out of channel. NAZ has been moving sideways in the Churn Zone for now 18 days.Not
Yesterday I was Short at 220-240 and closed, not was early. Closed position and let it lift to near Top Churn Zone. When you see a relentless move, let it go until then next day and after the O/N (usual lift). Then look for the retest. Wait wait wait until the long lift dies off some, the drop will usually follow as the machines will adjust and take profit. Now the Dead Zone may try and redirect this, expect some Tweets and such. Shorting Scalps until all hells breaks loose is the idea and should move quickly (for a lower retest). Here 25,100 looks good for a lower target and potential U Turn move on a hit.Not
Back later, 193 should be or may be retested for a redirect back up. Under 193 on retest is deeper move and part of Shake Out. Just watch for 260 rejection. Enter, Target, Exit (until all hell breaks loose). DZ has low volume and is much harder to trade. Next decent play will be the Open Drive on Friday, that is all you get these days. BTD/FOMO with the Clown Zombies during the balance of other periods (Until all hell breaks loose). Not
Since O/R drop it have been all Sideways Shake Out, sad. The play will try to get to the O/N and lift should the drop get held up by the EOD.Not
Interesting Chart, the white arrows are selling days. The wider days have more trades/volume. The narrow days are mostly thin volume buying days. Look at the projection close for today, that would suggest a Drop or U Turn, unless we see sideways for the next 1.5 hours. Today does stick out from other resent days and has been primarily selling. Keep in mind that the NAZ usually will not change course. Should the Sideways move play out until the Close, most likely it will be followed with the lift in the Overnight into Friday-Monday Long play.Not
I question the move yesterday during the Reg Session and why the pull back today? Should this go under KL 25,094 it may be something to note and look for a deeper drop. The O/N up next and then Friday-Monday deal may create a delay in that test unless we see a quick drop in to the Close (unlikely). Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
