NAZ moved toward Mid Level of .38 & .23 Fib's. My bottom yellow arrow is Mid Level (14100). Bottom of current Channel is lower Fib, expecting a bounce here. Mid Level position are the hardest, they can go either way. Need to wait and watch, expect a slight Pop/Drop before further decline. Or not, when the NAZ does not get Propped it usually keeps dropping (one way day). On Pop, Look from retrace to 14196 and this could be a Strong Long push to 14312. If so, Stall no pass and drop back down.
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NAZ bounced from 14100 Mid Leve to 14190, earlier target. Stay Short under 14200 or so, look short at stalling.
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1st 30M is range mentioned 14100 - 196, look for bouncing until break through.
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Long above 14100 or Near, NAZ may float up through Dead Zone, usually dose. Use a stop.
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NAZ will struggle to pass 14140. 14100 is suport.
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Currency NAZ, Big moves from nowhere.
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Under 14140, sells off
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13920 is lower target, NAZ may pull off the 500 point move that I said may show up.
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Most from Overnight, opposite of normal.
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Bounce target is 140 and may break through.
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2pm - 2-15 CT will see selling, after may lift back up.
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Close stop, This could be a Short Set Up.
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Circle could be Mopping, then lower.
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So far, looks like Mop Top and Long Trap
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Currency NAZ may blast lower.
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Looking lower 13925
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IDS Users, Short Set Up (Divergence)
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If you have profit, May throw a Long here at 14000 with Close Stop
Trade closed manually:
No Strength NAZ, Not sure why we keep thinking it will Pop after a No Prop Overnight. Just a 1 Way ride. Long Trap did work on some.
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Tonight look for narrow Range, prior to Core Inflation. After, drop to bounce with Bad News is Good News twist. Getting going one way and then jumps the other. Similar to today's Long Trap/Short Set up. This may also be the play for 4-13, few speeches by fed and 10YN auction tomorrow.
