Despite Friday, the markets had a positive week. Think next move is higher as test, prior to next drop. My Thursday Post was 1 day late and for Friday. Looking at Monday, going with pop/drop. The MOP (channel prior to 100 point move) have been reliable, the circles are potential MOP's and the oval was the previous MOP that developed the drop. That is what I was suggesting in the Thursday Post, just did not have the conviction as to the MOP indication new. I many times will go counter trend against the 1 way snail NAZ (I need to work on that). I just do not fear this index. Below, failure at 908 may target 706. Regarding Rigger's (add my digs at that reference), I am connecting it to Option Houses and institutions that use. If any of you are familiar and know of some good (non retail trader) books, let me know.
Nota
Box Update KL's are lines:Nota
Box 2 year, NAZ still playing in the Channel.Nota
Box ForecastNota
1st move may be lower, when Yellow Dots are higher than White, usually the case.Nota
Gap Open, Mop it.Nota
DB at Lower TLX, above lower target. Above thick white TL is key.Nota
Playing the MOP, Shorting under orange line on white peaks is working IDS 27.Nota
Noticed this on Friday, IDS 20 is showing better lines than IDS 27. I use lower number in holiday or O/N volume. Kinda of odd here, bu showing better. The box is a view of clear signals and prior is choppy noise. Nota
TLX 10979 is Long above and Short below for now. O/N looking like a 80 point MOP or Channel, 35 is Mid Level, may bounce if stays above 35. Target trading, longs to target and get out, same on shorts.Nota
11044 is Friday low and bounce off to top MOP is likely. NAZ did fill the GAP and may retest.Nota
IDS 50, yellow lines are KL's from Friday, NAZ may work these on any lift. Nota
IDS 20, NAZ at TOP MOP, may retest Mid Level.Nota
White arrow shows prior Divergence on IDS 27, slight developing now, close stop on Long. Could be PB and not s Short.Nota
Stepping away, you can see why I think trading the MOP is more lucrative than waiting for the runners. Channel trading is highly probable/reliable. I tend to use 3-5 times normal contract size when playing. Here at top MOP (80), NAZ may whip up/down 10-15 below 80, then drop back to 35 for a test and bounce back to 80.Nota
One more note: Usually when Yellow Dot is above White a drop is coming and rarely the opposite is true of a decent POP. Anyway, a big move is on the way.Nota
Break 80, target 11136.Nota
Got to 30, 40 next after PB.Nota
Out of MOP should be 100 plus, may reset 80 during Open.Nota
36 hit.Nota
Above blue is long.Nota
11201 is upper target above blue.Nota
Long above 11020. Back to top MOP.Nota
Lower circle hit, look Long.Nota
11000 target. Should low hold.Nota
NAZ should test bottom of 1st 30M.Nota
Long above 10960 to 11000Nota
Pass 11000, should see 11060. Relatively tight range from Friday and O/N low. 20 points off O/N low.Nota
Push Pull should end passed 11000Nota
Push Pull over.Nota
11000 hitNota
Drop/Pop, should rotate some and lift. Stepping away.Nota
Big move out of lower Circle.Nota
Long at 10910, will target 960. Counter moves are basically similar to Trend moves. More of a snap and can catch momentum and run after a long drop.Nota
If you are playing counters, use targets and stops. Watch the Ticks.Nota
Divergence on Long Side showing up on IDS 27. Should Snap Here.Nota
Ba Bingo!Nota
May see Pop Gaps to upside. NAZ needs to get higher in order to get lower. sounds strange but is what it is.Nota
NAZ PA will get confusing here, think upside down or reverse. Will try for a rally some.Nota
Target 60 Hit. This should be 1 way Runner. Trail it as many will hop on late.Nota
This is some beyond basic trading and a good example for you to remember, BLOCK the noise.Nota
Big Gaps should continue as the Shorts cover and BTD's step in. Could be a Pop test so trail it.Nota
White arrow is Long Call, 11201 is 1st target, then 11289.Nota
NAZ can't get passed mid of original MOP.Nota
Trade chiuso manualmente
Will do in O/NNota
Hopefully you took profit neat 44.Nota
Playing counter moves produced more points than NAZ decline. Soon the selling will give way.Nota
Today you will notice the Play TL's in opposite direction was once again reliable. KL now is red TLX at 10979. 908 did bounce to 043.Nota
O/N Bullish Divergence (potentially), never know with O/N. 9:15PM CT
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.