Go with the flow, calling Long with pull back at some point. NAZ pulled the slow Long Crawl way up today and will most likely continue, strength and conviction just does not matter. Actually sitting Short on NAZ, currently. Not thinking the Short run will last (target 14220) or could get decent surprise move lower.
Comment:
NAZ targeting upper Pivot of 14334, Long Crawl still active.
Comment:
NAZ will most likely test 14250 or 14220 levels, prior to move higher. May happen around EU Open.
Comment:
Shorts Update: Closed Looking for Long POP.
14207 Closed at 14240 -33
14215 Closed at 14240 -25
14225 Closed at 14205 +20
14257 Closed at 14240 +17
14290 Closed at 14240 +50
Gain of 29
14207 Closed at 14240 -33
14215 Closed at 14240 -25
14225 Closed at 14205 +20
14257 Closed at 14240 +17
14290 Closed at 14240 +50
Gain of 29
Comment:
Short under 14310
Comment:
If NAZ cant get passed Overnight High, Stay Short all day.
Comment:
Breaks under 80, going to bottom.
Comment:
Should test 14239 for bounce, careful on Head Fake Long.
Comment:
Double Top, NAZ looking on Short Side ore than Long. Mid day lift may prop up Cover Short if so.
Comment:
Short developing, many times the NAZ will shot in opposite direction before it moves in the TRUE direction. Run to 14315 was a set up. See if Short plays out.
Comment:
Cover Shorts.
Comment:
Look Long after EU Close, PB to 50
Comment:
Target 93
Comment:
PB Support 60, may retest at stall.
Comment:
Long above 77, 77 is mid range of day.
Comment:
May PB to 77, add Long.
Comment:
90 Hit (stall) and TL, PB for add or Retest. Should be flat.
Comment:
Many hours left, should see some random moves. Stepping away.
Comment:
NAZ will be focused on Upper retest more so than lower. Should NAZ get nowhere near upper, downside is likely. Testing support 77, now. 60 50 40 next, should bounce or needs too. NAZ does have trouble with mid day TL's on down days, usually falls.
Comment:
Tested Lower end of 14230, may drift back to 77
Comment:
74 mid range, may PB to 50 and bounce to above.
Trade closed manually:
NAZ did drift from 14231 to 77 level. Have to leave early today, NAZ in Mid Range, Bad to initiate trades in mid, better on edge going opposite direction. High risk here, however looking to retest of upper more so than lower, lower seems to be supporting. You may see moves lower as a test to see if NAZ bounces or fails.