NAZ with current Higher Low and could see squeeze pop here. Overnight PA does not hold any validity, as we have seen. If the NAZ ever had an opportunity to redirect the PA, it is today. If Long doe s not play out, we will see some major declines in the markets. Look at this as a head fake Short. I highly doubt that after all the propping and Fed money in the system that they will not try and protect the majors at these levels.
Comment:
15 til Open and NAZ at 14532, close or hold Long. We may see NAZ wiggle big at Open.
Comment:
PB Support at 14480, look to hit and add if Long day is to play out.
Comment:
Long from 14480 to 14536 Hit and should close as we Open.
Comment:
NAZ hitting White TL and stalling. Look for redirect or push through. Long seems to be playing out. Surprised no PB on open, that is odd, careful here (14620) if you think of going long.
Comment:
PB from 14640 is good, You can go Long for balance of day. Watch 10YN and Trail your Long.
Comment:
Stay Long if you can deal with fight up, direction is up. Hang on as it clinbs higher and higher.
Comment:
At 14660, NAZ will move sideways to lower. Have to se how the day unfolds. Use close TS.
Comment:
14650 is looking like head fake long at 9:55am CT. Close TS
Comment:
Very tricky day, Current Look to Short under 14675, upside is struggling. Seeing strange PA around 14650 - 60.
Comment:
At 14600 NAZ may head back too White TL, 14640
Comment:
Squeeze Pop underway.
Comment:
The Fed to the rescue, Today was key day.
Comment:
Not expecting sell off today, May see PB to 14680.
Comment:
14725 is Key level for shorts to come in.
Comment:
Comment:
Short sellers are trying. Here they come.
Comment:
White TL is target for shorts.
Comment:
Shorts getting rejected, Long above 04
Comment:
Long into close, NAZ will try for price above yesterday High.
Trade closed: target reached:
So lets recap Final Trades:
14725 Shorts came in and PB to 14680, Long above 14704 Long into close as NAZ did take out yesterday high. Greta day and we will go again tomorrow.
14725 Shorts came in and PB to 14680, Long above 14704 Long into close as NAZ did take out yesterday high. Greta day and we will go again tomorrow.