NAZ performed better that other Major Indexes and popped after the close (IBM reported). Any excuse the buy the NAZ dip is the next move, we are already late. NAZ going higher for test, prior to any move lower.
Will update as we go, should targets change.
Will update as we go, should targets change.
Comment:
All 4 Chart: Russell hit Yellow Arrow target, may see big bounce, Dow is next and S&P and NAZ did not come close (stronger support). NAZ may be targeting 14665 as Long or 14550 as drop & pop to 14665 and higher, either way it is a Long Day.
Comment:
Do not let the COVID news get you thinking Bearish. The 1st wave was bought and the Fed back stopped everything. The Delta or 2nd wave is a Buy set up and yesterday was the 1st opportunity. We may see some wiggles and that is good, just understand that the "buy the dip" mentality will take months to get through until we see a real drop. The concern is at that time, will the Fed be as able to help?
Comment:
Inverted HS, maybe? Why Not, Buy The Dip! Just a strong feeling on this one.
Comment:
NAZ playing out like Yellow Arrow, should stay true. 14262 may see second leg dip test, prior to going higher. Other 3 bouncing nicely, NAZ should follow:
Comment:
Institutional traders are trying to shake out contract to purchase, that is why you see the quick drops, NAZ will be taken higher once they are finished. Every buy order needs a sell order, remember that.
Comment:
NAZ at 14595: should be lift off. Bounced from 14545, 3 minutes ago.
Trade closed manually:
I would no rec trying to Short today, just let it play out and trail with stop. My Call/Rec "drop & Pop" to buy at 14550 is playing out and should hit upper target. This may go on for a few days, FYI. Stepping away, stay Long.
Comment:
Had TYPO, corrected. Just look to buy dips and take profit today 20-30 point moves up (if you need to). You will see this all day as the buyers need to shake out sellers so they can buy and go higher.
Comment:
NAZ got with in 15 points of Target, May attempt again. All 4 update and back near recent level prior to drop.
Trade closed: target reached:
Upper Target Hit, Look for PB of 50 or 60 points. 80% retracement on run. Buy dip or stay Long, Short questionable.
Comment:
Turning to Shake or Break, you should be flat.
Comment:
May see some selling for remainder, never know.
Comment:
Close Shake out (80-45) for Overnight Pop. Great day and we will stay in the Range of 7-21 post.
Comment:
Great sell off, good signal for either trade/direction.
Comment:
DCA (Long) the sell off for aggressive trade. Most likely a pop back up prior to drop.
Target 14760
Target 14760