NAZ looking for a bounce toward mid channel. Most likely we see a stall and drop retest near current levels. This recent 3 day move looks like a Drop/Pop set up. I won't get seriously Bearish until I see some Limit Down Overnight sessions. May see a 600 - 700 point pop should support hold.
Channel Chart
Channel Chart
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Long above 11350 this morning.
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Upper targets are 11600 & 11700, stall will drop.
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If you have profit from yesterday, Add Long 11350 and on decline toward 11300 with stop neat 11250.
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Let it run to stall and take profit, on retest go Long again until stall or sideways action.
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11350 should hold.
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Load up for decent Pop.
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Leave stop at 11250.
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11340, should see bounce now.
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retest at 11300, may get stopped out. If so stay with it as the decline slows.
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11350 Pop for 100 (take profit) on 1st run. Now retest and do it again. This was explained earlier. Need to go quick, I can't type and trade. Trading is back with some 2 way.
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NAZ will get propped today and tonight. Drop is not over, this is just an offset play.
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Scalp day, need to close Longs at yellow break after a run up of 50-100 points.
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NAZ sitting on Channel Line, any lift being sold.
Trade closed manually:
11350 level is close.
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No Post on Fed Day. Play at own Risk.
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11570 Short and target 11400, at stall. Stop at 11600
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450 1st stop/hit.
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Most likely heading further south. Lower stop.
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450 tested, look short again if NAZ stay under 450.
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NAZ still in general range, did hit levels mentioned yesterday. No pass my lead to retest below.