Next week will have an election (with delayed results, most likely) and a Fed Day. Look for the Afterhours and Overnight Long play (to be played). Watch how the Regular Session reacts. We may see one of the two arrows play out or both by Year End. Pop/Drop or Drop/Pop, the O/N may lift with Reg Session selling it off. No O/N lift, look for some heavy duty selling. Go Fed, BTD/FOMO (til 1/25).
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11/5 Update, NAZ is sideways in the 200 point range. Looking for a huge move out of this range and I do believe that it will be lower after the 1st move higher stalls out. The 2-3 year prop, O/N lifting, Holiday low volume propping (all usual games) will need a retest lower before we see a move higher.Nota
Adding short at 300. 1st move up and stall out.Nota
Stop at 350, let it run and walk away.Nota
Loading up, scalp day if you are playing.Nota
Juts feeling a curveball on the way, careful with the chase or getting in line with the FOMO's & BTD's.Trade attivo
KL 20,512 is what to watch over the balance of the week. Under 512 and look for the 890 retest. Yellow arrows are range. O/N will Rig, Pump/Dumps after and Dead Zone Reg Session redirects until these fail to lift. Good luck for balance. I will be out during Fed Day but looking Short on all and every stall out.Nota
Even after all this the the O/N appears to be the Long Play session with Reg Session stalling and falling. Just need some selling volume to wash this out and retest below. 3 years of the same play is getting OLD.Nota
Loading up Short as it runs to 20,100. Hang on for quick drop. O/N may run back up or fade it. At 20,880 now.Nota
11/7 Update, Fed Day and any Gov't related news/event - Go Long 1st. The forecast did pick this move, I find it hard to believe we are here this quick. 20,500 is a major Key Level that go skipped over with O/N rigging, this KL will be retested, Should it not hold, that would start the journey lower. I do not trade on Fed day, sitting Short from late trade yesterday and will let those run. Chart below is the 2 month idea.Nota
21,000 is a short. O/N Pump/Dump drop test. KL hit and back to 20,500Nota
Adding Short at 21,080Nota
Adding as it climbs and will let it ride. Good luck today.Nota
21,550 is the Stop Limit, Go Fed at end of Dead Zone. Counter trade play. For those that follow me, they se me do this every 3 months or so. When trading becomes to easy it is usually a time for a direction change. Previous U Turn play did play out and I am fighting this one to the Counter Edge.Nota
11/8 Update, Looking for some drop tests, yellow arrows are levels to watch and scalp short on hit/holds with reverse scalp trade back up. Repeat this until the stall out appears and stay short again. O/N is lower and Open may sell some with Dead Zone redirect long and Close is random. Fed Day did not move at all. Strange behavior and was to pop a short covering?Nota
Hours up and minutes down. This is what will shake out the FOMO's. Notice the hours Snail up lift from 9am to 3am and then drop (minutes) back to the origin. This is what will chew up the retail chaser FOMO and will eventually play into the hand of smart money. These are all sets ups to next move and get very wide, just like big action & bigger reaction chart that I posted. Nota
11/11 Update, They current move was posted by me a month or so ago. The call was that the Election, Feed Day and Holiday Long Only Bias would most likely point up 1st. This would then be followed by ba drop (once we get out of the lower volume sessions. Today has the Bond market closed and then we have Thanksgiving week in 2 weeks. Followed by year end and Christmas. Not expecting much either way until January and that would be a drop test move at that time. NAZ is running on Fumes and will need all it can get out of any off session Long move. Nota
Count the 100 point plus moves and you will see 14-15 and that is about the average prior to a break out. Will most likely show up in the O/N and the direction will most likely be UP. Go into Friday and Monday rocking. Unless, Good news is good news and bad news or bad news is bad news or good news. Just need to figure out which spin in used when the market goes up and should go lower. Just go Long with a stop.Nota
11/15 Update, Like I have been saying, The O/N is THE BOSS. Notice the prior lift up (when did it happen) and now the Drop (When). In the Overnight low volume session. Today will be a key Friday. The Friday-Monday Long trade is what to expect with the U Turn, should that not happen 20,500 and below is the target. Yesterday Open to Current
Dog Yard break Chart
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Closing Post and starting a new Post.Nota
With YE Forecast target, I would to see a change near year end with how the Overnight Price Action moves or changes direction. During 2020 (Covid Drop) we had 3 limit down sessions. Back then the limit down was 5% and now it is 7%. We had 1 major O/N drop since and the BTD/FOMO's U Turned that. I would expect to see the O/N weaken and change direction and without the O/N lifting the Mag 7, the entire market is at risk of dropping. Declinazione di responsabilità
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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.