NAZ coming off weak PA on Wednesday and no Overnight Propping into Thursday. Things usually get ugly when the NAZ does not get that Overnight lift. Should NAZ get near 16250 and not hold, we could see a decent drop to 16100 or so. Look to fade rallies and watch lower highs and lower lows for confirmation, expect some retail "buy the dip" bounce and then potential decent sell by smart money.
Drop - Pop to Drop type day / KL's 16405 Upper / 16302 Lower
Drop - Pop to Drop type day / KL's 16405 Upper / 16302 Lower
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Look for NAZ to get near 16300 or 16280 for any 1st Long, high chance of bounce off the level. At 16330, NAZ on 1st Leg of Drop from 16400.
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5:20 AM CT, NAZ hit 16304 near Lower KL 16302. Now at 16320, wait for retest back at KL or hop on at 20, just place stop below 16280 as it may get there prior to Pop.
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6:20 AM CT, NAZ hit KL and bounced to 16341. Play KL's in opposite direction, not sure NAZ gets to Upper today, stall short back to lower.
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Begin Shorting at Upper KL and Box Top.
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If shorting place stop at 16495
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Move stop to 16430
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Take profit at 55
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Reload Short after bounce failure, near upper KL.
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Watch lower lows and lower highs as you trade. will get choppy.
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NAZ will lift, you need to take profit and reload. I cant type this fast so you are on your own for a bit.
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Close shorts1 6280
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NAZ may lift toward mid level or 16340.
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Play key levels, buy near 16250 if it gets back down there.
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No big Short, going to range PA.
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Should be long from 80, NAZ gets ugly when no Overnight Prop. 100 plus points so far. EU close should see Pop.
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80 stop at 45
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Move stop to 80.
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Let it run some.
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Take Profit at 30, or hold.
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I am flat.
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May drop back to Lower KL, for test or bounce.
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Weak day, careful on Longs.
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Smart Money will step in to downside level. Will be quick test.
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Here they come.
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No clear trade here.
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Holds near low, go Long.
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Stop below low and lower FIB at 16150, unlikely. 80 seems to be the test level.
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Watch hour change,
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Near low, your call.
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So here, this could be a Drop & Pop test and it may go up.
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Other note, this is 3rd hit at this level and if fails, it will drop.
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Every lift is getting sold, 16290 - 16250 careful zone.
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View 1st comment about 250 level.
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NAZ is sitting on TLX, I have another below at 16250, not clear at this time.
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Call of Drop - Pop - Drop playing out.
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TLX hit and dropping, wow! The 1 way PA of the NAZ continues. Once you get the direction, stay with it. I need to write this on my hand or tattoo it. Shows you how difficult this can be. Goes back to Overnight Propping from, NAZ does not get it, forget it.
Trade closed: target reached:
Lower Target Hit. Will let it play out, god luck and Lifts are getting sold.
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Strong Long above 16265
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RTY and FNG1 off big, VIX up. May not be buy dip and run up close. Short to 16160 is possible, if you want. I am flat and grabbing Long Pop/Stalls.
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Long until it stalls, then close, even these are hard. Just do not think shorting down here is smart.
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16200 Long to 16248, then 65. Close at 50 should it stall.
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Stop at 16170, aggressive trade using profit.
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Strong Long at 35, should be the final move.
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Needs to pass 35
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close at 00 if not. may half to reload.
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reload Long at 185, need to be brave here.
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Stop at 50
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Aggressive with profit is fine, NAZ should bounce prior to deeper drop.
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within 1 point of stop, may move 5 or so. Add if you can.
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Here we go, hopefully North.
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1st target 16220
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Reason for Longs, NAZ is struggling to get lower. Not normal Bear PA. Choppy sloppy decline, these usually bounce in final 10m. If you take a hit, hopefully just give back of earlier profit.
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Yeh, see how it went few ticks below 50, not real this should pop. Be brave, its a game.
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Add more as it climbs. Just trail the stop.
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Trying another fake drop here, Good for you if you had the nerve to play this, you just out played the Players!! Let one hang into the Overnight, drop 1 at 220.
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Above 04 will be Rocket Force.
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Place stops to Break even and let this play out.
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16150 to 16218 Long, 220 no hit yet close 1 at 220. Other, Above 04 should see pop.
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No big Pop, hopefully you took profit near 220. Decent 50 to 70 point run, overnight propping is likely as the NAZ will need help after today.
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12-9 6:30 AM CT, NAZ is 80 points off low and has been propped. For yesterday Longs that did not close at break even may want to do so prior to CPI number.