Looking more on Long side than Short, NAZ most likely will hit both Targets and has consistently been using the Drop & Pop PA. Top of Box Break or Bounce. Watch for narrow Price Action after Open or stalling. Should this happen, decent drop to mid Box is expected. As of now, NAZ is still under 15135 (80% retrace from 8/5). Key level, Short under/Long above.
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Update, Bullish:
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Should see all dips bought today, stay Long.
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AMZN may enter the GAP, 15120 and 110 PB Support, Place Longs there.
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Long at 15120 Target 15160 15180
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Long Target 15157 +37, Close nest approach, add above 20
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Have to be quick, use targets or 20-30 ticks.
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10YN effecting, watch look to buy at lower target.
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Not seeing big short, look to add 15090 should be lowest we see.
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Dip Buyers should come in, back to 15120
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If you got caught, stay long above or near low.
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DB yesterday Overnight low, watch level.
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15104 is triple bottom, must hold for Longs
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15104 Long is holding, may retest.
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Current Long may test 30 and bounce to 60
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Closing Long at 48, +44
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Just looked at opening notes, stall has hit Mid Level of Box. Caution here, should go back up today or tomorrow. Need to watch 10YN. May retest quick at lower range, prior to lift.
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PB Support at 15047, then 20
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For those that got caught at 15090, you should be up. Stop 20-30 off 90 and Buy in at 15104 to 15080 is 74 Points and would cover the Stop Hit, leave some profit. Should be flat now and waiting to add on Long side since other Majors have not sold off. 10YN is stable for now.
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Mid TL, NAZ usually can't get passed these: (Diagonal, Long only after)
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150160 and above is Safe, no pass just hit and dropped:
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15050 is Over TL: Long Trade possible, must stay above 15040:
Trade closed manually
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Basically the NAZ could not get passed the TL, EOD near 15020:
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+81 points on day, NAZ was -85. Many of you may have done better with 104 Long. Dip Buyers will be back Overnight and tomorrow.
thank you!
may I ask why is 15160+ still possible if it actually did not cross the midday diagonal. would not this imply that is more likely not to rise higher?
MAZing
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@azorkon, 15160+ is the value need to be above 15160 in order to put on Long. Do not put on if NAZ does not pass and sustain. From the time of post, NAZ never got above the value. So therefore, no Long trade.
azorkon
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@MAZing,
Sorry, now i got …it was actually 15060 instead of 15160. I did not realize
rashidnassar
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Opened a long at 65 should i close at 60 to minimize damage or hold as it might test highs again
may I ask why is 15160+ still possible if it actually did not cross the midday diagonal. would not this imply that is more likely not to rise higher?