You have to read my 2/20 post, says it all. The fact is that the O/N and U Turns near Danger Zones continue to play out, like clockwork. So predictable that I am concerned for when this pattern does not work. Chart above is YTD 1 HR with 10.85% range or bracket, thick dash is ML (Mid Level) or Danger Zone. From here we need to expect the Reg Session today to go sideways (so the NAZ can get to O/N) until the next after hours push higher. Should Reg Session lift, do not fight it. Chart Key Levels: 17334 is a TLX of lower channel, 17775 is ML and 18100-200 is upper. 17954-18019 is TZ (turn zone) number 1 and a pass would try 18100-200. Bigger picture is that the O/N is Long and Reg Sessions are sideways to Short. In a sideways Reg Session and near the Close (final hour), start to look Long. Most of the gains in the NAZ come in the O/N. Track it, been Rig Pattern for 2023 and 2024. NAZ is still struggling to get lower but will rocket back up after any weak drop. 17200-300 is Long above and Strong Short below, we just saw the 3rd move up from this zone.
Note
Good Luck today and will check back later. Many got ripped on this last move as most were looking Short. Then the NAZ rips a 500 pointer (near the Close and into O/N).Note
850-830 may be drop pop to 950 and this entire big action (from yesterday) may be followed by a bigger reaction in days to follow. Just keep that in mind as we retest up hereNote
Open Range 850-950 and good luck, back laterNote
NAZ will not drop in Reg Session, may go higher as it gets closer to the Close/O/N. The continued weakness in Reg Session may be a problem should the O/N stop lifting the NAZ.Note
M forming on 5 minute, may be nothing or drop set up at 17970Note
100 points from O/N High and Top TZ Level, make or break time. Just love the Dead Zone.Trade fermée manuellement
I would think that the O/N may take the night off with aby further lift and leave that to Magic Friday Lift into Monday. Should O/N prop too much that may limit the Friday lift or change direction some. The Reg Session today did manage to lift the NAZ and additional 150 points, impressive. Close should close at high and keep running into O/N.Note
I just remembered that this was a short week and Monday volume was made up in this last move, Friday nay be normal or narrow with lift in Sunday/Monday play and back to selling on Tuesday. This has been the pattern for months, just like the Nvidia play in O/N til today. Careful with chasing this, still just playing in the previous range.Note
Sideways NAZ and will not go down, look long into O/N and Monday until EOD Monday. Have a great weekend, BTD/FOMO Forever (until Tuesday and Govt Shutdown)Note
Above chart, you can see how the Friday Reg Session played out the O/N Pump Dump with a sell off of dump of pump. Next week will be the make or break for the balance of 1st Q.Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.