NAZ back in the Box. Thick yellow line is Box Top and white line TLX 11480 (Key Level), should NAZ stay below these two we should see a drop to KL's mentioned. The yellow arrow ends at Mid MOP at bottom of 2 channels, this would be a Strong Long Zone. Should NAZ lift out of Box, upper target is 11604. KL 11423 has held 4 hits since Monday, a break here is Strong Short and hold is Strong Long. KL's in opposite direction is your 1st move, wait for a retest for 2nd move.
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Few days back I had 11,600 & 12,000 as potential upper targets. These are still in view as we did hit 11,600. On the lower side the following chart will show my lower near term targets.
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30M View
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Above is 4 HR, not 30M.
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New KL 11407, look Long above for scalps should NAZ get above. Scalps to day highs and strong short back below 407.
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KL 57 Trade bounce up Scalp
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IDS 50 with KL's
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Just get the feeling we see a POP at some point today. Before or after THE DROP. 2 way day, today. I will be back after Open.
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407 Long Scalp is triggered.
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Lower Target Hit
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If you are new to my NQ Postings, the following may help. KL's are the main factor with trading and taking trades off or at KL's is what works. The forecast is OK or not, really does not matter. You should be trading off the KL's.
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11434 No Pass is Strong Short, Let it play out. Long is trade from MOP to here.
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407, Long above and Short below.
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NAZ in Mid of Range. Back Later. Pinball machine type PA will follow.
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Money has been moving out of Tech and going into Dow and Russel.
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When it lifts to yellow line Short with stop above, reverse above yellow line.
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Trade each 30M individually.
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Lower Targets
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Back to 11290, then Short at no pass.
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IDS 10 on right side.
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Strong Retrace at 290 pass.
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30M's will get smaller and go sideways at no pass. Pass goes to 392
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270 is support
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Retrace Scalps.
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Yellow Lines are S/R
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Turning point or rejection
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Not sure how NAZ is hanging in here, FNG1 is 3% lower. 270 support bounce.
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Now Yellow turns Blue and Long above strong Short below.
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NAZ has stayed in a 200 point range, this will expand out. Looking lower at this time. Break 270 and should drop.
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Circle is bearish
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Normally NAZ would walk back down the stairs, not sure as it struggling to get lower.
Trade closed manually:
Stepping out for the balance, good luck.
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NAZ tested bottom of 1st 30M. Why this is not much lower is just a mystery. Could be offset to O/N drop.
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Limit down O/N, tonight
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Apple coming back, should retest