Long above 11,700 (White Line) and Strong Short below. FNG1 was down today while NAZ was up, may be a decent Pop should Overnight Prop unfold (likely).
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Yellow line max max on Long 12206 or 12150, not the white 12425. Look to only Short after a 2nd or 3rd stall on a push higher.
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9AM CT, Michigan CI & Business Inventories, these are the ones to watch.
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NAZ in a Box, still. Needs to break out. The upper break through may need the following PA
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Close any Longs at 11890. NAZ will drop prior to next push higher.
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11925 Short to 11850.
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NAZ looking Vertical, usually will sell off for support test after these types of moves.
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Short got to 11854 close it and reverse.
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Going Flat.
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NAZ may rollover today and try for 11650 should 11800 break.
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Shorting at 11960, 50 point stop.
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11875 is target.
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Riggers have developed an Air Pocket to 11800, NAZ should drop and test this.
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Top Mop on NAZ, should drop.
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Adding 1 short at 11985
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Adding 3rd at 11970
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Drop now or it will Pop.
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Decent Long Trap.
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Stay Short, NAZ relatively Flat at Top.
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AAPL is struggling.
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Dropping 2 shorts. 11935
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Flat at 11942
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NAZ float to 985.
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Long set up to 985
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Quiet and No real strength. NAZ may rally here as there is no defense, 12025 on Long passing 985.
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Long got to 984, may see drop at no pass, close Long.
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985 hit, Flat.
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Shorting at 11984, 50 point stop. Aggressive do not follow.
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NAZ so weak it is hard to trade, stop at 11995.
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Close 11850 Target
Trade closed manually:
Flat, 995 hit. Will let the balance go.
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NAZ floating on fumes.
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Circles are narrow days on Range bars, may see a drop next few days.
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May see Big move in final 10M. NAZ nowhere since Open Drive. Very hard to trade this slow grinder.
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Loading up 5 for final 10M Short.
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stop at 12010
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Stop hit, light volume.
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Next Move
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350 to 80, NAZ did nothing on Friday. Loop for major propping in Overnight and Drop test after open.