H/S playing out with drop test on deck. Short below KL 562 and Long above, expect the same tricks/games during the O/N and Dead Zone of Reg Session. Boring days as we wait for some selling to show up as the buyers are losing steam.
Note
New Month New Money Long play 1st.Note
Under 440 drop test Scalp.Note
Trail it.Note
Scalp, reverse and Range. NAZ is showing nothing.Note
Drop test, back under arrow is the Big Dipper and above to the high or sideways until O/N Lift Zone. Note
NAZ will set up a major drop now at any stall as we are 14-15 days into sideways PA. Once tricks are over/exhausted. Note
440 retest back up and will drop should it stay under, I will back near the Close.Note
6/3 Update, NAZ back at KL 562 and has been rejected a number of times. Will need to pass and stay above or lower we go.Note
Strong Short Scalp below 562Note
No pass of KL 562 may set up a major Exit day, FYI.Note
Short at KL 562 with 100 point stop, Clean out pop and then stall out drop is the idea or to the Moon we go. Pick one. Note
Adding to Short, 590Note
Not moving high enough to add more Short. Snail move may crawl for hours. Note
Back later, Stop or drop on the Short with Stop at 750Note
Tricks and Traps, Garbage. Just watch this thing break under 562 or close the Short or place stop near 750 Note
For Short, NAZ needs to stay in lower range. This may be challenging during the Dead Zone or the O/N. These zones tend to Only Lift Up. Close Short or wait for No Lift and take the Stall-Drop Short to the abyss. Note
Divergence developing look Short on this lift. Will see quick drop test.Note
Adding Short at 740Note
740 to 800 is Turn zone.Note
Loading up for drop scalp at 745.Note
100 point drop so take off some.Note
Back on Short at 700 or below into Close.Note
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6/4 Update, NAZ will play in the range of 21,000 - 22,000, look for Long near 21,000 and Short near 22,000Note
Note
Air Pocket under 740.Note
Staying with Short Scalps until break lowerNote
RangeNote
Loading Short at 21,800-850 or under with stall out.Note
Air Pocket set upNote
I believe this is the slowest intraday price action that I may have EVER seen, should drop or I am just going insane. Note
Tweets working regarding Putin and China, may see some knee jerk stuff and then fact checking to drop it.Note
Tweets on que and redirected the NAZ, this is getting too predictable and that is a major concern. Note
Looking like this with drop/test hold the better Long and Break out the Strong Short.Note
6/05 Update, Still sideways and looking pretty weak.Note
NAZ hit near the Range high of 22,000 and back down. Watch 1,000 range of 21,000 - 22,000Note
Still scalping the Short side, looking for break lower here.Note
Let's see if the call is correct.Note
IDS ViewNote
Back to the Starting point, GarbageNote
I just highly highly highly doubt that the NAZ will pull off the typical Friday-Monday Long Move. I would NOT expect that and set up for the opposite on this one. Exit Stage Down should be the play here. Note
Today is an Outside Day Reversal, FYINote
TLX RejectionNote
Held at Mid Channel, U Turn for the F-M Long Rig or this is a Head Fake Pop and lower lower lower. Note
Pretty close on the Call ahead of the actual move, let us see the O/N tonight with Broadcom news. Can be a knee jerk up or bad news drop over the edge. Note
Leadership infighting was not priced in the Market, sucker punch. This can work well for the smart money short players. Trade closed manually
6/6 Update, So it looks like to O/N will continue to prop up the NAZ. We are 200 points higher (from O/N low). The white vertical line is Monday Close, look for the white or yellow paths to play out by EOD Monday. Scalp all moves as NOTHING is holding, this will continue until we see a major drop or flush out to a hold (then Long). No hold, we just keep dropping. Out today good luck, watch the predictable usual Tricks, Tweets and Games.Note
Note
21,812 is O/N high and NAZ is below, Surprise. Take away the off session gains and the NAZ is flat to negative. Just thought I would point this out, again. Yesterday was an Outside Day Reversal, the NAZ will need to have the F-M Long play happen or lower we go. Note
840 is TLX and should NAZ get under 560 Danger Zone, Drop Time.Note
Back to TLX and will need to get above, if not the O/N will take care of it by Monday.Note
Next move is big, as NAZ it at KL.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.