NAZ tested lower (Sister) and the Dip was bought. Stay Long, the NAZ should now leave the Box. Red lines are Upper Targets. Long is the higher probability trade. Should the NAZ stall, Shorting will be 2nd choice.
Comment:
I mentioned 15044 level yesterday, may be strong resistance?
Comment:
Will be surprised and amazed if NAZ gets back to Top of Box by EOD.
Comment:
15000 Buy good for 20 - 40 points.
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Should be ok to Buy above 80, may drop back to 80, so wait.
Comment:
If buy at 80, Target is 15010
Comment:
80 Buy Stop hit -20, could buy at 40
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40 Long should make it to 15000, use 25 Stop
Comment:
40 Long got up to 70 and profit should of been taken prior to drop.
Comment:
14916 is yesterday low, watch level for stabilizing. Today Drop & Pop is yet to happen, may be 1st in a while.
Comment:
Higher Ticks coming in, looking at 14990 as 1st target.
Comment:
NAZ off lows and should stay off. Today is a cleaning up of lower placed stops and such, should see lift to mid to upper Box prior to any significant drop out of lower Box. Whipsaw PA confuses the direction picture. The NAZ has had multiple opportunities to drop and has not, lets see if this is the one?
Trade closed manually:
NAZ deep in Box, more to come.
NAZ back in Box and I am surprised.