Pretty sure you can DCA any move up with placing Short trades, yesterday just seems much exaggerated. Mentioned yesterday, Overnight the NAZ may not pass 15205 and now has a diagonal TL to deal with. After a no Prop Overnight Session, I doubt that we see the NAZ head north with the mixture just mentioned.
Updated Box Chart
Updated Box Chart
Comment:
IDS 30, look for NAZ to stay in channel of 15200 - 15107. Next move may be lift to Mid Channel (15160 Red Line) and drop lower after Stall. Stay Short today under 15180 (Near 180 is good entry for Shorts)
Comment:
From 15110 Long to 15150 and reverse at 50 or close. Quick counter trend trade and Short set up.
Comment:
Still in Channel
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1st move at Open may be up
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Bounced off top of yesterday 1st 30M, may retest.
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Got to love these 1 way days.
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Rally selling today, NAZ may lift to 15051 and then drop again.
Comment:
14931 Near Long to 15058, passing 14981
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Stall is a Short back down Near 15058
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TLX 15081 is rejecting and Stalling NAZ. Will bounce off 14931 if going back up.
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Stepping away, Strong Long is 15022.
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NAZ is working in the TL Zones
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NAZ may try for an outside day reversal should it pass 14801. Direction change.
Comment:
Likely since FNG1 is down 3%
Comment:
Dow is breaking down, may see drop to new lows. 14865 is support.
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Breaking support.
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One way trading, no need for additional skills.
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14763 is traget over next day or so.
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14725 is another lower target, may try Long here since near yesterday low.
Comment:
Strong Long at 14855
Comment:
Once the outside day is hit, it sometimes goes in other direction.
Comment:
Next Box
Trade closed: target reached:
Direction Change is confirmed.