NAZ showing some support at 10907 for 2nd time. 2nd hit at 10880 with bounce, potential DB. NAZ may move from lower MOP to MOP above. Sharp declines continue to be followed by 100 point plus bounces. Long above 10960 and Short below.
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Yesterday 10907 to 11066 trade, mid day call was the attempt to get higher to produce further decline. The drops are currently holding at 10900 level.
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Current Range
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Open TL range
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Under 10910 may see quick drop/pop prior to next attempt higher. Hold on Long. Current Short from upper half of MOP.
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10YN is key today, currently flat and off DB.
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Closing Short at 10860
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NAZ only traveled 20 points outside of lower MOP, should head back in and needs to pass 10880. Back after Open.
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PB to Blue, Long above Blue. Yellow is the range.
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10YN is coming off high.
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Add to IDS 27 as mid point PB. Moving Average Cross Alert, Multi-Timeframe Option (MTF) (by ChartArt) (close, 30, 100, 100, 3)
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10908 must hold at retest.
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10860 to 10980 may be O/N prop to offset Open Drop.
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NAZ Rejected at Top of lower MOP. PB'd to blue line.
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O/N Prop, 100 out of lower MOP.
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10944 retest.
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Short at no pass.
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Rejected at mid MOP.
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NAZ trying harder today to get higher.
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Now under 10908 is Lower. Retest 10835 for bounce. Out of MOP.
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Slow Roller Short may be developing. Drop/Pop likely.
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Divergence Careful on Long. At 10915
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10944 hit/rejection, may drop some at no 2nd or 3rd pass. Stepping out.
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NAZ 80 points away from bounce low, may run some today as may have been lower target bounce.
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May need 10944 retest bounce.
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No Bounce, run was a Long Trap.
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Wow, another Pop/Drop offset. Strong Short under 10908.
Trade closed manually:
Will be out for balance, Could see some capitulation here. Back and forth. Whipsaw frenzy.
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Capitulation? This is normal, may rally up.
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Go Long if can risk it.
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Buy Zone, this just Pro's Setting up a Long. Will happen now or in O/N.
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Missed the short (was out, airport), was not expecting this much. Good sign as it is holding, buyers will come in strong or we go lower for better spot. Drop test and bottoming gut check.
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Quick pick lower is stop clean out, should pop. If not 10700 is next try for decent pop. Could be final 2 minutes.
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As we close, again best trades were TL's in opposite direction. I will set some fresh ones for tomorrow.
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IDS Buy, good for 50-60