NAZ tested Key Level yesterday (15606), then tested Top of Box. Looking for another test at Top. Should NAZ get rejected and break Key Level of 15629, it may test lower Box.
Comment:
NAZ made near Top of Box and may wiggle in zone, failure to pass should lead lower.
Comment:
NAZ did drop after the Top test. 15606 again held, should NAZ to test again and failure to hold will be the move lower.
Comment:
NAZ hit Lower Box, look for bounce and possible retest of low by EOD. I do not think this is over.
Comment:
Careful on this lift, these are machines. Things may change final hour.
Comment:
15606 is Key Level, Short under, 15607 is Mid Level. This may be a tough level to pass?
Comment:
NAZ used the Holiday to Prop Up, prior to this move. Friday was a light volume Up day and same with Sunday/Monday. Dip Buyers will be tested as things may speed up. Still light volume, no idea where we close. Literally, NAZ is at Mid Level of day.
Comment:
Yellow is drop zone of each, should they go.
Trade closed: target reached:
Targets Hit, Closing near ML.
Comment:
Huge gaps (yellow arrow), white is support. Heavy volume (including some selling) may take NAZ to lower Box. The Pro's are coming back and may shake things up.
Comment:
9/10 Close update to All 4 Drop Zone chart. Dow and SP have hit theirs, NAZ and Russell have some room or may not.