Left white line is Covid low, right white is near high/1-1-22 and yellow is target for both indexes. Whit Line is NAZ & Orange is SP500. Just feel that both are ready for an upper test, next move. I will leave this open along with 6-20-22 Post.
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71% next upper Target
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NAZ did get to 70% and fell back, 1 more attempt.
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Last week both the SP and NAZ did bounce bounce off -32% (6-19-22 Call). 71% is target/turn.
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Back to White Line for test.
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Heading to white line with SP?
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Bounced off white and heading to yellow? Slide the chart left for other views.
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If you slide the Vertical Line of 1/1 to the left edge, you will see that both are at YTD low or near. Look for a bounce next or in next few days.
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NAZ near next drop, may float higher through holiday weeks with 1 or 2 big drops. Looking for NAZ to stay in Year End Box Post. Will close this post at end of month.
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NAZ may move up toward SP this week. Slide to left and line up 1/1.
Comment:
1 more week, NAZ sitting on the Bottom Channel of the MOP
Trade closed manually:
Closed with U Turn in final Hour.
