June 20th Post update. NAZ is following the Yellow Arrow, 1st upper target is 12200 & 12400 should be the turning point. Daily PA forecast is below, Long above Red TL and Short below. Since 6/20, every dip has been bought, most Overnights have been up. I will update as we go and have been following the trend. Long term I am Bearish as we still have not seen the big down Open and Overnight flush out sessions combined. Rather, sketchy weak odd price action held together with chewing gum.
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Gap Filled to the left, may see a drop?
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NAZ not dropping and only news today is Mich Consumer Sentiment at 9AM, NAZ may run higher during 1st 30m and up to the release. If Shorting use close stop.
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Divergent Short developing, may happen and we will see.
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11800 is Short 1st Target
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Going with recent trend of just slowly lifting higher. Upper Target likely, kinda warned of the lift action.
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Short may be next or decent Pull Back. Close Long Here at 11950
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250 of 500 point move is in, expect some PB prior to any move higher.
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Today may be a 1 way Long. Just hold your nose and float. 12000 is level to test or fail.
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12000 pass now 12200, 12400. just trail if you are Long. No Short call.
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That is it for now and we should see Sideways to Lower PA.
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Updated Chart from 6 Hours ago. Even when you predict it. it is hard to get it all. The doubt/fear will be your greatest enemy and not the market.
Trade closed manually:
I would not chase here. NAZ will most likely test lower near curve and TL, break goes lower and a Hold will bounce higher and would be a better Long Trade.
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I had a feeling this week would head upward toward 12000, white arrow all week.
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This week if you missed the 11,200 to 12,200 1,000 point move, do not worry. The NAZ will easily travel a few more thousand points in the next week or so as it test and retests prior to any big move.
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Foe those that follow, IDS 27 below has been working well. The break down is to the left/build out.
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IDS 20 (below) will signal earlier than 27. Both may be useful with current internals