NAZ back in the Box. Today the NAZ, upper target 20 points away, then dropped way past lower target. The morning stall did send the NAZ to Mid Box. Tomorrow, I would expect the Dip Buyers to show up, at some point. Overnight may be Drop & Pop set up for Open, this has been the ongoing sequence. They may shake it up with a Pop & Drop, we shall see. Unlikely since the EOD close did not bounce.
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Drop & Pop, Should see retracement to top of Box.
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Upper Target is hit, may settle back to 15033.
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Hit exactly at Top of Box. 15044 is Mid level and 80 has good support.
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Pulled back to 15082 and attempted Top. Watch Channel.
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Hit 15047 and Bounced, stepping away.
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15065 Looks like DB for day, could go long
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If you took Long at DB, target 15020 & 40
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Looks like Overnight Traders did not agree with Open Session, sell of and Shake Out. The Open Group creates the push down to pick up shares to only reverse and take back up, that is what this looks like.
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15006 is support now and NAZ will take off like Rocket once it fully passes (if).
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NAZ is getting tossed around like a rag doll, must be extremely light volume. I have not checked.
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At 15006, again. Needs to pass.
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NAZ has tested this Level 6 times in last 6 days and has not gone lower, I would think we should go higher by EOD (should we pass 06). If Long put stop at 14975, 14987 is good support.
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OK, 06 is passed and at 17, got as high as 15030. Would not be surprised if it goes back to Box Top the way the PA is acting. 15041 is Mid level of day, passes that should hit Top.
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Back under 06, Keep stop at 14975
Trade closed manually:
Closing Long at 15020, Mild PA. +50 on trade.
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Once again, more action in Pre Market than Open and NAZ sold off in Open and could not get back up. Just focusing on the Propping that we need to work around. It is almost like we need to trade 2 entirely different markets.
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Monday thru Wed, NAZ in the Box:
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You can see Tech falling while other 3 are rising. NAZ still ahead from most recent Dip: