NAZ hit yesterday lower target and bounced with some O/N propping action. NAZ has consolidated some with double bottom, knee jerk lower with Jobs release to rally. Other world markets are up and the recent sell off may be some overdone, expecting a drop/pop day. Will update as we go.
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Angle Projection
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11850, NAZ is back to GE. The pass of GE will take it higher as buy orders are above. Still going with Drop/Pop.
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4HR
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So far so good, may retest the low near at Open.
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850 is KL for next move
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11850 retest is likely
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GE Battle
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IDS 35 is working well
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40 points from upper target, play zone.
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NAZ will need to pass O/N high, GE is mid zone.
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10981 to 850 is range to watch
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10940 PB potential.
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Sideways to up.
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10981 selling.
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Uptrend
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Dead Zone games, you should be flat, back later.
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Hang on this could be a capitulation type move. Take your flat Long should it hold.
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Needs to pass bottom of 1st 30M
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10693 did hold.
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O/N prop did drop offset to lows (old or new), this should lift and O/N prop again over weekend to push NAZ away from Danger Zone, once again. Long trade with stop is play.
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MOP
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Back near GE again.
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GE pass and back to TOP.
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Above 10790 is long zone.
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850 Battle
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Watch ticks last 30 M
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Drop test 790 is KL.
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Has to bounce off 90
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Careful at 860
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PB to Short at 860
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Arrow 860 problem.
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High neg ticks, NAZ may drop.
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Biden to goose the lift.
Trade closed manually:
Danger Zone avoided again. Rally next week.
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See how 1st 2 bars pull back to yellow line
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Mentioned in many Post's, when the NAZ gets near the Danger Zone go LONG. Works every time. This should lift for a few days or so.
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Long wicks on 4HR's suggest the opposite direction. O/N may prop, keep on eye on drop.