NAZ Overnight tested KL 13495 (mentioned yesterday), look for Drop/Pop today. After Open, NAZ may drop to 13726 and bounce to Upper Target. Short under 13726 and Long above.
KL's 13726 Upper / 13495 Lower
KL's 13726 Upper / 13495 Lower
Comment:
Buy on dip near 726 after retest, this 200 point pop may be a Prop offset and is result of Headline on War.
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Aggressive Option, Short Under 13845 toward 13700, Short on lift up and rollover.
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Option above goes with the fact that the Overnight is the Pump and the Open is the Dump (usually). Just look back for months and it is clear. Yesterday the NAZ turned up mid day, only reason for lift by EOD. Many times the High of the day is the Overnight High.
Comment:
Now stay Short under 13820 no Pass.
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Break under 13780 will take it to 13720
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Same old games, kind of sad.
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Play yellow Diag TL's with white TL as guide.
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Now Short under 13785
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Start Covering, NAZ may pop for 13800 retest.
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Break below 13727 Look at 13660 for add Long. 13750 Long will fail, use a close stop.
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1st Move after Open may be retest of High with drop back to 13727 or 13668. M formation. This from 13750 or 13660
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Break of TL would be significant Pop. Stepping away.
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Long above 13590
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Long above 13632
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Long at 13470 to 13575
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NAZ has tested 13400 and holding, look Long above
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NAZ should head back to White TL.
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Extreme moves with volatility, all are exaggerated. NAZ should head back to Mid Level. 13600
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1% drop is not bad, Others are less than -1%. This will bounce.
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NAZ will try 13495 again.
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Again, will most likely get through.
Trade closed manually
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Strange Friday, was looking Long after original Short. FYI, Friday had the lowest Futures volume YTD. Low volume sell day, may see counter move next day or so. This could be a Head Fake drop or Drop/Pop setup. Most FAANG or LC Tech are showing signs of positive divergence and are at a double or triple hit at a low.
Comment:
Not sure on timing, projected next level move.