New month, new Box. Play the range as the NAZ is showing weakness, at all time highs. Profit taking and reality may create a dip test. 1) 60 point dip will get bought, then fail to go above highs. 2) Selling & Shorts will come in and test lower Box. Media is heating up Delta, Taxes and roll of of unemployment benefits. Not saying the ride is over, just that a decent test would be normal or expected. Test passed, that would be the Dip to buy.
Comment:
Comment:
Metals and Crude are way off, 10YN is dropping, look for NAZ to test 15606 at some point today. This is a key level, Long above and Short below.
Comment:
NAZ got as low as 15612, so far and back to 40, 57 is Mid level.
Comment:
NAZ got to Key Level of 15606 and bounced off 30 points, Long above.
Comment:
15606 got as high as 15679, watch foe reversal.
Trade closed: target reached:
NAZ closed near Top Box after15606 trade.