NAZ flat in Overnight, that is not good. Look for NAZ to drop to 14140 and then try for 14400. You will notice that 14140 is also a TLX with center line cross from channel. This should be good support. Today may be narrow with a big bounce near close. Futures on Friday and over the weekend will most likely float up and settle as high as they can get it, 14600 seems good. Channel Chart below. Remember, 50% or more of the gains come in the Overnight. The Holiday and upcoming weekend will be a great time to sneak it in. Overnight Futures Propping has replaced QE. The NAZ carries so much weight with Mega Caps that are also a major percentage of the S&P 500. Two birds, one stone and off hours low volume exchange is perfect for the Riggers and stabilizing these markets. Just not sure how long they can maintain, most likely to next QE.
Chart
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Currently we have a Strong Long above 14228, this may run up (Overnight High) prior to Open and at Open we may have a retest back to 14200 or 14140 for bounce back up.
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Most likely the Drop/Pop, if so bounce off 14140 with target at 14240, then 270 pass then 14400. Under Strong Long (14228). 14228 is Good Entry and the drop is picking up or leaning out stops prior to testing up.
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When you plot trades or moves, try and pick targets that are 100 points apart. This is the average point to point of the NAZ. Example: current trade 14195 to high of 14296. 50% success would fall for 100 Points to 14140, then Long up 100 or 150.
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So far the Overnight Prop appears to be an Offset to this drop. I am thinking that at 14140 we see a bounce. After bounce stall near 100 to 150 point run, we may look short again for 2nd test bounce. They are really trying to stabilize and yesterday's PA was successful.
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Final though on Long, this would assume that the NAZ will have 2 way PA from Drop at 14300. This would be just crazy to see actual old fashion movement, once these Algo's get going they typically do not change direction. So you may want to have close stop on Long or jump on Short here. On Short target would be 13920. I am going with Long and think that some normalness still exists.
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Stops cleaned out, NAZ at 14205, 1st move should be 228, 240, 290. each one needs to pass to get to next.
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NAZ stopped at 240 and 100 lower to 140, should bounce. or we have another 1 way day and stay Short.
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Games, yesterday was a prop.
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May try 14114 by EOD for test.
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May want to sit out and let EOD show move. Long weekend could see heavy selling near close. I wa looking long and this could be retest, prior to Pop.
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Was joking about 1 way, it is so true so this may not turn at all.
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100 point trade would be back to bottom 1st 30m, then back down at no pass.
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Could try Long here at 14020 with close stop.
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Long at 13920
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should Pop back up some, retest 75
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Should or may climb back up, Drop test.
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14114 is target
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Stalling, may try for 13920. Watch level.
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Testing 75 again
ปิดการเทรด ด้วยตนเอง
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Today was another outside day reversal. Just go long the NAZ on Sunday and it will be propped back up about half the way by Monday Open. At Open Monday just Short it. It may retest lower and continue or bounce back up.