NAZ staying between Key Levels of yesterday, 14635 & 14737. Red TL test today is Likely.
Comment:
Solid base on all 4:
Comment:
1st PB Support at 14690.
Comment:
Chop continues, Open may shake out Overnight lift, usually does. Mentioned yesterday that it was setting up good long. Long above 14635.
Comment:
14653 is Key Level Support.
Comment:
Remember from previous posts, the NAZ will drop to generate the Pop, one is playing out now and may be the target of 14737 and or Red TL. Watch higher lows today.
Comment:
Safe play is Long above 14720.
Comment:
Today, watch for rallies being sold. Stalling out would be 1st sign. Yesterday, this was all day long.
Comment:
Use stop of 40 or so if you took long at 20. Or wait until after 1st 10m of Open.
Comment:
Overnight PA and Open are two very different, careful on pull backs.
Comment:
Slowing careful here:
Comment:
Upper Red TL not likely with current force.
Comment:
Needs to pass yesterday high 84, stepping away.
Trade closed manually:
Approaching lower lows. The market has many protecting against a run up and when that does not materialize, the selling comes in. Stay Long 1st and then shift to fading.
Comment:
All of gains are from Overnight, this is usually a sign of drop to come when Open Session does not continue or gives back. NAZ may need a flush out drop, prior to climbing higher. Last night looked good, just no follow through.