I will leave this post open until 12/31/21. The Post is a Combo of the 7/3 Year End & 11/20 Grinders. Since we do not really know which way the NAZ will move for the balance of the year, the following Targets may be helpful on both sides. The Grinder Drop has generated 1,200 points and appears to be on 2nd Leg Down, 3rd may be 15,200 level on NQ. The other side, the NAZ could (usually does) bounce back to ATH's (Grinder Top/Beyond). The 3rd or 4th Leg Lower target could be 14,800 (YE Projection).
Trend Line Cross - TLX I have enclosed my TLX Chart (Red Horizontal Lines). These are reliable, I have them going in both directions.
Grinder Post Chart The White Lines (Buy Zones) are Volume based. I would definitely expect a Bounce off these levels should the NAZ get that low.
You can see that the 2 methods produce supports zones at similar levels. I would expect the next move is our major key: Key Level Upper Test 15850, Failure to pass would set up a Short Key level Lower Test 15500, Hold of Drop would set up a Long
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NAZ is approaching Upper KL at 15850, look short if no pass.
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NAZ Volume Profile, Looks Bearish and NAZ dropping off Yellow Dotted TL. Let retest and approach upper TL prior to Short.
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12-6 Close, Upper Target hit at KL.
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12-7 Close, Upper Target Hit 16360. NAZ only 350 points away from ATH.
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12-8 Close, Overnight lift and small lift in Open session.
Trade closed manually
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12 - 9 & 10, I posted results on 12-11 with next projection and will this post.