Follow the Orange TL's to 14750. Selling Rallies is back. Jobs number tomorrow, any lift may get sold. Past two days has had weak intraday price action.
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New Month & Quarter, may see some bullish PA today. If we do, watch for the selling to resume or not. NAZ lift of .50% is in line with other world indexes, not a Prop. Propping is when the lift is way up vs others.
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Long Developing above 14800, Target 14909. If it goes.
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Update on Chart.
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Long above 14800 got to 14899, Pres is talking so look for a drop. Range until final 5 minutes of the day is 14900 - 14810.
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Not seeing much force on way down, look Long above 14780.
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Target Hit, still think it bounces up today.
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14715 looks like support, Long above for retrace Pop, Just like yesterday and this one should hold/stay up.
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14810 is pop target.
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NAZ just rotated at 14750, Go lOng with Stop and target is 14909
Comment:
14810 hit may drop
Trade closed manually:
NAZ has been trading like currency lately. Final 10 minute Pop or Drops are way exaggerated. I would think the next big move will come with a Sunday/Monday Pop Prop, prior to Monday Open. NAZ magically closed on the Fib 50%. Intraday PA was very bearish today and the past 3 days have had whippy/choppy moves, not sure what to make of it all, seems to be loosing steam.
Comment:
Pop off 14750 was Bottom of 1st 30M not 14909. Use top/bottom of 1st 30M as retrace targets. From below to Bottom 1st 30M and no pas, should drop. Reverse on Top 1st 30M.
