Easy trade, trace back to Upper Red TL for test. NAZ looking to put some distance between recent bottom to anywhere above, TL looks like good target.
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Should see big day/move tomorrow:
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NAZ up 100 in Overnight at 10:30 PM CT, The propping is starting early. At 15000 the NAZ is only 700 points from ATH. The NAZ could knock that out in 1-2 days with all cylinders working. The propping cylinders will be working fine, the Open session is next and will need to follow (it will). Look to go Long for balance of the week, the Jobs number on Friday will just happen to be great, trust me.
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Updated, Above is before and below is after:
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PB support at 14860 - 30, if we get any at all. Dip buyers will most likely come in heavier than usual, as they have been on the side lines.
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Initial Jobless at 7:30 AM CT, Wait until release or Long just Prior with 50 point stop. You can go Short, not sure that is wise today or tomorrow.
NOTE: These markets are very 1 directional, now the direction is up and will take some time to redirect. The chatter will start with the PB of 9% or so was the dip and such, FOMO will develop and Big Money will also help push higher. After this and near recent highs, the retest below (14500 or 15000) will be tested (from 15600 - 15700). The news and chatter will fit the PA and around we go.
NOTE: These markets are very 1 directional, now the direction is up and will take some time to redirect. The chatter will start with the PB of 9% or so was the dip and such, FOMO will develop and Big Money will also help push higher. After this and near recent highs, the retest below (14500 or 15000) will be tested (from 15600 - 15700). The news and chatter will fit the PA and around we go.
Comment:
NAZ climbs to only 50 points away from Long Target of 15000, today will most likely be a 300 - 400 point day. The Overnight may only be half the run up. Any Shorts that did not get out yesterday before the close, will be forced out over the next few days. This will help the NAZ to rally even further than what you may expect.
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Current levels, Short under 14937 and Long above. Short is just the level, not my REC.
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Long at Open back to 37 target, 37 Under Short was reliable, If you took.
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37 target hit on Long.
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Stalling, careful here. Could see drop from 37
Trade closed: target reached:
Use 14937 as base for support on PB or level to go Short should NAZ stall. Stepping away for most of balance. At EU close you may ripple, then bounce higher or not. Just keep in mind that 100% of this run came from Futures Overnight, not the best base of gains and will eventually create an Air Pocket that will pop. Use Close Stop, I thought NAZ would be rocketing up by now.
Comment:
Should NAZ break 15000, look for 15100 as upper Target.
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Air Pocket did give way, stay Long for balance of week. Will update by Open.