Should be a wide Range tomorrow, looking on the Short side. Expecting failed bounces and head fakes. Thinking that many will want out at these levels and enjoy the balance of Summer.
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Updated All Four: All indexes are on lower side of TL from March 2020 and pulling away.
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If you are following, 139855 45 has good support for Long back to 13920
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13950 Short to 13840, cover now or near should NAZ drop back.
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The bounce from 139855 could target as high as 13960, more likely 20. Should short back down once it stalls out.
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Got as high as 24, most likely will attempt 13960 as test prior to move lower.
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PB Support at 13880 for Long, target 13960
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Highest on Long target of 60 is 38, could PB to 13890 for bounce
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13960 Hit TP and Look to Short
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14011 and 40 are Targets that will be hard to pass.
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NAZ playing in FULL Range of Play, most likely a Short will be next.
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Looking for the typical after Open NAZ Weakness, should show up, hang tight.
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14103 is Next Target. Not Sure why NAZ is UP??
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Current Run is 275 Points and 2%, Easy Short on Prop use close Stop, capitulation?
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Not Long and Not Short, Vertical Action usually ends badly. Nice Short Developing.
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Most Large Banks are down 2-3% now, Money shifting to Tech. Not sure how high NAZ can go until stall or drop.
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High Negative Ticks and Russell off 2%, NAZ may follow, Just lost 80 Points on move.
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NAZ broke TL at 14150, TL started at 13882. retrace potential to 14115 and drop off should others remain down. PB Support at 14060
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14060 PB to 14115, TP may sell off
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Projected NAZ Close 14010, Stepping out.
Trade closed manually:
Just got back and glad I left. Wide Range of play, get Short tomorrow.
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Todays Run, 358 points and 2,59%, longest run in many days. Big Action, Bigger Reaction. Get ready for some movement tomorrow or Monday.
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All moving further away from TL, except NAZ. Others will need to turn or will pull NAZ lower.