NAZ got to within 25 points of TLX (red line). Strong Long above and under it may try lower target. Push pull and rally selling is back. O/N magic seems to be gone. The Limit down O/N may be the next surprise as we have not seen any this year. The flush out to lower lows would be bought for a decent pop higher. Back in tomorrow and will update as we go.
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NAZ hit, passed TLX by 15 points and is now 25 above. Look for retest and support for a Long to mid range.
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Range will be between 11840 and 11940.
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Previous Charts/Update
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Look for NAZ to bounce off 81 or 65, if you are playing Long retracment.
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Use 1840 as Pull Back and long above short below.
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TLX 11865 is now support
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11881 must hold, 11940 is target
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20 point moves and stalling, this may just drop on stall. Keep stop close.
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Mop around 920 to 840, stepping out.
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NAZ under top of 1st 30M, will try for bottom of 1st 30M for support test. Watch the Ticks at Key Levels.
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KL's are yellow lines, play the range.
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11858 is KL and no pass is a Short.
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Extremely jerky Price Action today, usually a Negative until the Close.
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White Is Long and Yellow Short
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The other play could be that the NAZ is testing both sides and may Pop. So no not Short at a Low.
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Looks more like a bottom Mop of Range. NAZ will not go lower.
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NAZ should try and break 65.
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65 Test.
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65 is TLX and Top of 1st 30M. Above may be hard.
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The KL's are setting up counter trades, immediately.
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Target Trade, just take profit at target.
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Slightest Divergence is creating counter trade.
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Same game plan. When O/N is lower the Open usually goes higher. Ehen O/N is higher the Open usually goes lower. These are offsetting tactics. The Open usually sells that O/N fake prop and this is why we are only 25% lower and not 50%. Why is the NAZ up today in Open? Makes no sense.
Trade closed manually:
Should be heading lower under 920. I am good and expect the final 10 minutes to be wild.
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White line did move toward upper target. NAZ will retest many KL's from Friday session.