Today, I was looking for 2 way movement and we got 1 1/2. Started the day with a Short and it never bounced. "LZ Flip" for those that follow, should target below and watch for head fake.
Trade active:
SE1 Short at 13670 Target 40, close.
Comment:
Possible: NAZ will target the Upper Pivot at 13728, hit to fail will retrace back toward 13640 60 level. Keep in mind the TL & resistance at 60 (could not get back through during Open), this may set up the targets below, depending on how other markets play out.
Comment:
7:15PM CT, NAZ is up 55 points from close. There is a longer term TL at 13775, may be target over PP. Overnight is trying to get any shorts to cover (end of Open). NAZ could not get up easily near EOD. This may rise some more, then should snap as Short. It is better to Short from a higher level and I think that is the next trade, could be wrong.
Trade active:
SE2 Add 1 Short at 13725
Trade active:
SE2 Canceled, No fill came with 5 Pts. NAZ Riding Blue TL, will need to stay above. I feel that once it goes below, it will have a hard time go back over. Very strange PA recently, by the way.
Comment:
Just a note: Usually when Overnight acts differently than Open (Open down & ON Up), it gives it back. Chart examples. Give back can be PB or Full.
Trade active:
LZ Target to Pivot complete, watch for Flip.
SE2 1 Short at 13730
SE2 1 Short at 13730
Trade active:
SE2 Filled at 13725
Comment:
Should switch to 1 way day, all the way down. Short rally's.
Trade active:
SE1 SL at 75
Comment:
Closing Both, 75 +45
Trade active:
Flat, Looking for re short
Comment:
Retrace to 90, look to short
Comment:
Tight range, staying flat may lift to top.
Comment:
60 is good support should bounce, look Long. Short not happening, just yet.
Comment:
Long upper target is 13740, needs to pass recent high. Expect selling at 30
Comment:
Momentum is up, caution is the stalling an way up.
Comment:
Good to look both ways, upper could happen, bottom dash is TL X. Not sure, we could see burst to upper.
Comment:
Primarily a 40 PT channel 13720 - 13680, needs to break, 60 is good support. Could see drop to 60 level and later bounce to upper, not feeling strong short. Careful on whipsaw.
Comment:
Not the kind of 2 way I have been looking for. Careful on head fake, coming up.
Comment:
2 failed flip attempts, should go up. Not much.
Comment:
Should see Short, then long. Next sequence. NAZ has been in same Range all day. Will break at some point. Trade in opposite direction at key levels.
Comment:
Russell falls, we may see some movement.
Trade closed manually:
Will pass on the close, Good Luck.