NAZ near Mid Box and elevated during short week. This week should see some selling pressure for retest below White TL. Yellow arrow Long and White arrow is Short. 11,900 to 11,700 Air Pocket is in play this week. They will do all they can to keep the NAZ away from this area. Look for decent PA bounce action should NAZ approach 11,900 and look Short any stalled bounces off the zone.
Comment:
NAZ approaching the AP Zone, may bounce toward 12,060 to 090 for rollover back down.
Comment:
NAZ got to 12086 and Rolled Over, Let it drop.
Comment:
Under 11950, test here
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NAZ at 11920, In Air Pocket Zone. May drop some, expect a bounce at some point, hold your Short.
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At 11875, all the previous gains from low volume Overnight and light days are gone. NAZ will drop heavy from here as no real buyers ever held true positions. It was all smoke & mirrors. They will come back to try again, so be prepared.
Comment:
11925 test, close short if NAZ gets away and reload Short on Stall.
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Air Pocket battle underway, NAZ should lose this fight (long side).
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Short under 11950
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Should drop now.
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Strong Short for balance.
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Rally selling should follow.
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Stop at 11960 and 1 way NAZ on the way.
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No strength NAZ, Stepping away.
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Should 960 stop, NAZ may lift to 12020, stay Short for stall and drop near level.
Comment:
Lift passed 960 unlikely by now.
Comment:
EOD 11,900
Comment:
NAZ did lift passed 960 to 12010 and back to 11900. Always expect a lift when a drop stalls out and vice versa.
Trade closed manually:
Going with the expected usual Overnight Prop action to near Open, Drop just prior and further sell off after Open during 1st 30M.
Comment:
EOD close is 11897 (not too shabby), thought 11900.
Comment:
NAZ with no Overnight Prop so far. Mid Air Pocket Zone