NAZ will try for White TL and should it break, will try for Upper Red TL. NAZ is 9.5% off ATH and will need to test above prior to going any lower. Called Long yesterday, many times I am a day early and there is usually a big counter move just prior to my call (not sure why, just is). So this should be the direction today. White TL likely today, Red may take some days.
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Not looking like drop day, more like bounce day:
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Moving up but not real strong, trail the position up.
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14629 is about 50% of yesterday range, may be upper limit or may see some struggling.
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PB Support at 14585 should NAZ dip.
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NAZ approaching target 1, needs to pass white TL at 14675.
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10:20am ct, 14677 level is Short area. Should NAZ go and stay under, Short. This level will change should NAZ move any higher.
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NAZ getting trouble at White TL, under 77 Short is possible should NAZ drop and stay under.
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14675 is now support, should be sideways to up for balance.
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14725, potential air pocket, close stop.
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Should Air Pocket break way, Drop target 14675 and Short under should NAZ not Hold at level. Long above 14675 and short below. Stepping away.
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All 4 are at key point, can go either way and just getting back to previous levels, nothing special here. I mentioned NAZ will need to get higher in order to go lower, keep that in mind over balance of week.
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You can use for climb up or next move down. I would expect this move up to stall at some point.
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Yellow lines are support/resistance. You will notice the old BOXES.
Trade closed: target reached:
Watch your back on the close, Trader Joe. Leaving for the day.
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I am glad I left when I did. NAZ is back under White TL and see how it went under previous Short level of 14677. Weakness and we have some work ahead. The current drop in final hour started at 14737. Yellow line on chart. I recommend that you get familiar with Line Break charts on Tradingview.
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I was reviewing notes from today:
Air Pocket popped, dropped to 14675, Short under 14675, look for NAZ to test 14585. Use these key levels for tonight and tomorrow.
Air Pocket popped, dropped to 14675, Short under 14675, look for NAZ to test 14585. Use these key levels for tonight and tomorrow.
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14585 being tested, in Overnight.
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For today 10/6, Long at 14480 to 14530. I have not posted yet.
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Long should hit 36
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87 is stop, close this trade prior to open at 36 or above buy in.
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Just updated today.
