Final week of 2024 with some closed sessions and low volume trading. Get ready for January potential moves/range. Looking for H/S to develop right shoulder in January. December has created a wide range (3rd to Aug & Sep), 20,990 is Key Level pass from Aug low with Sep retest move. Yellow's are KL's and Red's are TLX's. Use are targets and U Turns. NAZ is in Mid of Dec Range, look for NAZ to stay inside thick White TL's under TLX 20,758 and above go Long. Looking for January drop test. Notice 17,027 (2024 Open Level) the August reaction after a near hit. Also, looking for the breakdown with the O/N long lift Rig and Friday-Monday long move. We did have 1 near limit-down O/N session in 24 (-6.8%) and 1st decent drop in O/N since early 2020. The balancing of selling will need to show up prior to a serious leg higher.
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Will not get much to play this week, here 21,400 is long above and short below until mid to late Dead Zone. Next is O/N Long Pop try or sideways.Nota
Back later, 250-400 is range of play.Nota
Trick alert, Markets closed this week for New Years and next week 1/9 for Carter memorial. The Overnight will be used around these dates to prop the market UP. Looking for a change with this pattern. NAZ potential drop may not be until week of 1/13. Kick the can and prop up prior to the heavy volume route. Nota
I have only been shorting (target and out), if you are 2 way trading you are killing it. Back near Close and EOD.Nota
I would expect the NAZ to stay above 415 near the Close and lift in the O/N. Anything under is a Strong Short and may not happen until Thursday. That would/may set set up a great Friday-Monday (New Money, Month & Year) Mega Long Rally lift to the Moon. 21,250 U Turn may be how to view the Price Action with low volume Tricks on deck. Nota
Above 415 s a Long scalp for O/N Rig Lift and Short snail under. Nota
Quick drops and snail lifts continue. What takes hours to lift are erased in much less time. Full day of trading tomorrow. Nota
12/31 Update, Final day of Year, Month & Quarter. Today should be low volume, strange moves and may see some volatility as window dressing and wash sales may play out during 1st hour and final hour. KL's for today are: 250, 490 & 715. Would not count out the 415 hit and bounce that sets up massive U Turn for 2025 with nice Friday-Monday Long Rig into Tuesday and closed markets on 1/9. Trading the past 5 years is about anticipating the off Reg Session games and the easy moves in the O/N. Chart below is original December 4HR Post, notice the contract change gap the provided the 200 point lift. Take that away and NAZ would of tested TLX 20,761 and may have triggered serious selling for the next leg lower. 2025 may be the years of the nimble Trader as the markets go sideways to lower as the 5 year old prop/rig/Fed games breakdown. Anyway, should this current position play out as U Turn, let it go and know that a big action will usually be followed with a bigger reaction. Nota
1/2 Update, NAZ plays out dramatic quick drop in Off Session (bounced off TL 21,125) as is trying for 490 & 715. Looking for Rig play to start the year all the way up to January 13th or 14th. Here is how: Current 125 TL bounce is good enough to lift and stabilize the FOMO's until Friday-Monday Long play, markets will sideways on Tue/Wed of next week and closed on Thursday. This will open on Friday the 10th and set up another and potentially final F-M long prop play over that weekend. By then we should see some sideways or stalling and most all are back from vacations, the selling should start. Chart below is 30M with some Diablo's and NAZ is above. Nota
U Turn and Danger Zone: Orange thick arrow is DZ and they will NOT let the NAZ get in there. Current white shaded zone is my 1st U Turn zone and this has been tested many times on this drop. Yellow Dots are Targets to watch for bounce/break. NAZ gets under upper dot, should or may try lower. BTD/FOMO, Go Fed in 2025 1st and Short 2nd. Nota
U Turn developing of Major head fake Short Drop should typical patterns change or huge sell off near the Close. Nota
To be safe any Mid Range is a NTZ and trade at the edges. No Trade Zone.Nota
Play it like a Fiddle. BTD/FOMO Forever.Nota
NAZ is in the Danger Zone and will try and get out.Nota
Anyway a rocket move will happen one way or the other and looking long 1st to stall out or bottom of Danger Zone. Nota
1/3 Update, O/N with 99% Guaranteed lift up after a Reg Session sell off, been going on for about 5 years (why change now). Basic play is with the Edge Trades of O/N Range and then Reg Session Range (which usually stays inside O/N, O/N is The BOSS). ML or KL 21,135 is retest for Long or bust. Long move should go to the Moon if Friday-Monday or 1/10 since 1/9 markets are closed. 990 retest and hold is Strong Long, break is the abyss. Slight Pump/Dump playing out now off O/N High. Nota
IDS35, Yellow arrow was Long call and White is retest 1st Long. Drop to or near 990 is double bottom Long on hold. To the Moon in Dead Zone and then Close to O/N and F-M Long play. Should this not play out then we have a serious pattern change and may see heavy selling. BTD/FOMO, Go Fed and AI. When that stops working wait until the Money Printing is over or does not show up and then we go with a Super Strong Short.Nota
Just notice that the NAZ is out of the Danger Zone, NAZ goes and they all GO. This is really what is most important, do not Buy That Dip. Still thinking the week of 1/13 on that one. Nota
Let 1st move go and look at 2nd opposite directionNota
350 1st KL to watch.Nota
490 now, just so easy on way up, BTD FOMO F-M is still active until it is not.Nota
Back later, just feel that a 2nd Danger Zone retest is needed prior to huge move higher. Dead Zone usually lifts up, so if no lift we may see the retest. Nota
10YN is lower and feeling like a Trap up here. Nota
Under 380-400 may see a drop if it does not get above. Sideways to lower for O/N Rig pop into Monday and try it again. O/N is the BOSS and will take care of any drop.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.