NAZ staying in the BOX and looking to move back to Mid Level of range. NAZ would of dropped by now, other 3 majors may help with momentum (chart attached). 10YN off lows and Jobs Number may be good. After a morning Run/Bounce, we may see a sell off mid to late day (if at all). This has been the patter, I believe we see a Strong Long run today (no sell off).
KL's: 15980 Lower / 16150 Upper
All 4 Update:
KL's: 15980 Lower / 16150 Upper
All 4 Update:
Comment:
Overnight has Propped some, should be enough to fool most for Run.
Comment:
Could be Final bottom Test for the NAZ, lets see if it holds.
Comment:
Long at 15600
Comment:
Drop & Pop.
Comment:
Add to Long at 15600 or above. Target 15800.
Comment:
A lot of sideways, consolidating. 15700 to 15800 EOD.
Comment:
NAZ is down enough that buying should come in. NAZ has been in the range before and did not go lower.
Comment:
Strong Long above 15690, should Prop in weekend.
Trade closed manually:
NAZ should test Bottom of Box.
Comment:
KL's worked well, will continue for Monday. The sell was needed and next move should be up, then drop test.
Comment:
FYI, 200 point final 12 minute Pop is usually short covering and sign that they do not trust the bias.
Comment:
Most Likely 1st move will rest upper zone of 15800 to 15900 on Sunday into Monday.
The Highlighted are will display Support and what appears to be Mopping Up prior to Pop.
Comment:
12/6 10AM CT, NAZ is mopping up as much as it can prior to popping today. This is not a Short day. FNG1 RTY, SP, DJ are all up. NAZ should Pop. I am just staying Long and not trading at this time.