NAZ out above prior churn zone, looking for a pull back this week. Down yellow is the PB move, yellow at 27,200 is target and start of turn zone that goes to 28k. The CZ started in 2025, we had the 1,500 point move below and looking for the same above CZ only to return back into the CZ. Above 28k would be the breakout. Prior Post's have mentioned my view of the drop to pop (as we have seen last week). However, the move may have come too quick and too much O/N PA. Looking for some gap filling prior to potential 28k BO. Should the drop test not bounce, strong short.
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For the Bulls, this is the "Buy in May" play that I have been mentioning. This may take a few "May's", the AI build out, Gov't Stimulus, maybe a few more Wars but do not count this out (based on previous patterns). NAZ 42k! Seriously, the current WH/Admin has 3 more years, that is a few more "May's". On NDX chart below, I was looking for a pullback from previous ATH to hit and bounce off 20,600. It U Turned (record speed, strange timing & volume) off 22,840. Previous dips of 30ish percent have bounce 150%. The yellow arrows are the May Plays (today is 4/19), this could rip up on the low summer volume or is this a drop offset with 2026 May heading to 20,600 for that retest? Orange TL is trend and blue line is 200MA. BTD/FOMO to 42K Note
This week may produce some pullback moves, we shall see. The Sunday O/N open did gap open lower and the NAZ has not responded like the Sunday prior. We are trying to figure out who is the Pinocchio regarding this war? This is whipping things some, but mostly up. The chart below was the 4/6 Post and I mentioned the Cliff danger. All three have gone straight up since retesting the cliff. This comment/update on 4/7 took the Huge move UP.This was the Gap pop that just started it all and we have not stopped and this is for all three: 225, DAX and NQ.
Current Chart: Point is that Asia, Europe & US appear to be on the same page and believe the Pinocchio updates. Or this is just a algo FOMO move in record speed. How or what could stop that? Nothing.
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Today the O/N has rotated around the 26,750 level (Friday 5M O/R MID). Look long above and drop testing below, O/N range is 530-840 with ML at 675. We will see a full range play in Reg Session prior to any BO out of this range. Note
This week watch how the Positive updates grab the Algo's and make the markets move (up 1st). It does not matter if they are false, the rig is on the knee jerk. This is brilliant, if you think about it. Anyway, at some point we should see a drop test and taking the Long side is fine, I am just not as interested on those as much. Note
790-675 is range of play, narrow and weak PA. Waiting on a Tweet regarding the War.Note
Warning for the Shorts. Any lower volume trading period will lift or try 1st, if it does not, try your shorts. Note
Full O/N range and under 790Note
NDX update, No 42k today so far. Maybe in final hour or O/N tonight. BTD/FOMO's are not active today.Note
Tweet alert or Tweet Algo pumping in the low volume Dead Zone. Lets see what effect it has, very key here. Note
Pinocchio my not be accurate as both sides do fit. Regarding the US Admin Team we may switch to "The boy that cried wolf" or "Humpty Dumpty" or "Captain Taco". Ball of confusion play was good for 2,000 or all 3,500 of Pop Move since the Danger Zone. Short during high volume periods and Long during O/N or any lower volume period until we drop test. That 1st Tweet did not work, now we are getting more. Note
No Pass at 725 is a Strong Short. A Pass will have to get passed 790Note
725, Fish ON. Place stop 10 ticks above just in case. Looking for 675 hit and reactionNote
725, bounced at 700 and Ticks now positive. Step aside on the Short for now, here come the low volume BTD's unless this is a shake out. Note
725-700 is interesting, lower yellow arrow is top of CZ and they do not want to go in that. Anyway, today has the same volume as prior HUGE pop days, something does not add up.Note
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740 and under may be Hook Short, just be care on this one.Note
4/21 Update, I was out today, what we are seeing is a retest of the Failed Auction Pop in O/N just prior to Friday Open. This level must hold and is being retested. A Short is or should this break lower under 600.Note
Triple Triple has a new Danger Zone developing.Note
Also, notice how the past three days the O/N would lift and the Reg Session will sell it. Drop is on the way and will happen in O/N if it does not lift it.Note
600 retest prior to O/N Session and away we go if stays under.Note
Now you know why the Rig was on the last 2 weeks, also during the war pause (coincidence). Am I the only one who sees this BS. TACO time or bombs away. Either way, the NAZ should drop if free markets are allowed to play out without intervention. Note
Well that call did not take long, after the close we get the TACO and back up. Now the deadline is extended past tomorrow. Note
4/22 Update, So there is no such thing as a Triple Top/Bottom, but they sure show up a lot. We have a Triple Sandwich, 3 at KL 867 and 3 hits at CZ Top. I would guess that above the 867 to Long Zombies will try for Orange TL and below the CZ Top we try for Mid CZ or something in between. Expect Major Tweets today and crazy redirects and such should the markets start to drop, this will resemble a spoiled child being dragged out of a birthday party because they will not share their toys. I do not care about politics (Republicans are more my fit, if I did), this is about CONTROL and getting it back. We need to drop prior to May or we will be in a snail lift with no movement for months.Note
225, Dax & NQ, all have the sandwich look. The arrow's are the DZ's of each and they tend to move together. Note
O/N trying last push up into RegNote
Zombie Pop, stalling outNote
Stall out should test 860 under high.Note
Short under 910 on drop test, after a stall out. Trying to BONote
NDX rejection will take it back to 200MANote
Again, normal volume on big day. Not feeling it as something that can hold when some selling does show up.Note
Going Short under 27,050, has to be near or under.Note
Will hold short into the Open Note
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O/N Long Trap attempt after Weak Lift Reg SessionNote
Getting dicey, 867 retest and back up. Selling is showing up, some. May pick up.Note
Dax under DZ, waiting on 225 & NQNote
4/23 Update, We have a drop during the Overnight, this is a rare event and the Reg Session better move up or lower we go. NAZ normally gets a boost from the O/N and then goes sideways in the Reg. Should the Reg Drop, we may see some selling that hangs around a bit to retest 26,550/CZ Top.Note
Looks like 26,960 - 27,020 is Failed Auction rig pump and 26,970 should be retested.Note
Pop up prior to Jobless Claims may be a Drop Offset for bad # and Open Drive Typical Dump, back after the Open Drive.Note
26,800 is KL for a drop test and Strong Long on a Hit/Hold, under is strong Short.Note
FA Retested and Good Luck todays as these indexes are juiced to trap some longs. Just uses a stop when going Long.Note
27,050 is KL and look long above (has to stay above) and Short under, may drop under and retest from below prior to bigger drop. Note
Retesting 27,050. Under 27,050 is the strong Short today after the lift from 27,050Note
What may be in the works is Churn Zone that drops. The previous loft came on the O/N pop that then went sideways. We popped up again and are now struggling, why the Short Call. CZ Top is test zone for next move.Note
Now retesting 5M O/R and FA ZoneNote
The "Turd in the Punchbowl" that sticks out is the normal volume when we had the massive lift. Bogus and does not compute. Note
Mentioned earlier, trying for 26,800 here.Note
26,960 is area for long, this should continue to drop.Note
940, long zone test, rejectedNote
Nasty for FOMO'sNote
26,800 hitNote
May see expressway to 26,500Note
NAZ Long got through at arrow, under 5M O/RNote
Breakout will come out of Shaded Zone.Note
Notice previous Hook Short, may be developing here. Not as reliable in final hour but a Long is doable but may not hold in O/N.Note
Hooking into Close, Needs to get under SZ Bottom.Trade closed manually
750 is an FA that will get a retest at some point, will update tomorrow. BTD/FOMO Forever on low to no volume. O/N on Deck to redirect this, if it can.Note
O/N with a Gap Up, too funny. The Long Side games play on.
MAZing TV user/author: NQ Futures daily forecasting of Open Range/Drive, intraday key levels & long/short trade calls. One index, One trading system (IDS) and a 5 year history of daily forecast's & trade calls. Not associated with "The Amazing Trader".
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.
MAZing TV user/author: NQ Futures daily forecasting of Open Range/Drive, intraday key levels & long/short trade calls. One index, One trading system (IDS) and a 5 year history of daily forecast's & trade calls. Not associated with "The Amazing Trader".
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.