Looking to test all time high and retreat back lower. Looking at 13840 level as PB support. We may see heavy propping up in overnight to Open, then slow steady decline to close.
Comment:
Should NAZ not get back to High, it will target 13840, Go long at that level.
Comment:
NAZ may need to test 13900 6/9 high
Comment:
NAZ needs to stay above yesterday high 13964 NQ1
Comment:
Slow and Steady, 1st target is 13900.
Comment:
Long at 65 Jun NQ to test 95
Comment:
Reason for Long, NAZ does not go down after a few attempts, it will usually try the upper range.
Comment:
Cancel Long
Comment:
The NAZ has to be able to go higher after Open and exceed the Overnight Propping. This rarely actually happens. I am anticipating that it can do that today. look to Long for POP, otherwise just Short after the Open
Trade closed manually:
Just not showing any Strength after Open, Probably OK to Load up on Shorts. No Fight in this action. Stepping away. Have a Great Weekend.
Comment:
That was good to see the NAZ retrace back up. Long from 65 to 95 was correct, usually the NAZ just keeps dropping after the start of decline. Narrow day, I would expect Shorting is nest move some time on Monday or Tuesday.