NAZ following other World markets/indexes with a decline. Holiday volume so far and it most likely will get whippy.
My YE Target of 14800 is likely over the next 2 weeks, should produce a bounce.
Today:
Upper Range, look for NAZ to test 15652 at some point, pas will try 15843 (equil.) / Upper KL is 15879.
Lower Range, 15500 is current support, Lower KL is 15572 (suggests a Long here), 15188 is lower support and 15070 is extreme lower zone.
1st Trade, look for NAZ to Drop to 15532 for Long trade and sell/short at failure above at stall near upper targets mentioned.
My YE Target of 14800 is likely over the next 2 weeks, should produce a bounce.
Today:
Upper Range, look for NAZ to test 15652 at some point, pas will try 15843 (equil.) / Upper KL is 15879.
Lower Range, 15500 is current support, Lower KL is 15572 (suggests a Long here), 15188 is lower support and 15070 is extreme lower zone.
1st Trade, look for NAZ to Drop to 15532 for Long trade and sell/short at failure above at stall near upper targets mentioned.
Comment:
1st Trade you should be Long at 15534 for a Rub Up Test, trail stop and do not worry about Open Movement. NAZ should Pop prior to next move down.
Comment:
Lower KL is holding.
Comment:
Take Profit at 15635, 100 point run.
Comment:
NAZ in range may retest 15520.
Comment:
Sideways and dips.
Comment:
15560 PB support.
Comment:
Careful, NAZ rolling over.
Comment:
Now that NAZ ran up, may see short move here.
Comment:
Flat and out, not trading. will update.
Comment:
This week, looking for all 4 to go lower.
Comment:
Watch for quick selling of any rallies.
Comment:
NAZ tested 15652 (Friday low) and was rejected. Will set a new low. Follow opening statement.
Comment:
Lower KL is 15520 and Mid is 15570, Upper no change. NAZ did test 15520 and bounced may need to do again.
Trade closed manually:
Take profit on any lift (if you are Long). Will see more selling in Overnight, if by Close.
