NAZ staying in the range just above Danger Zone, bounced off lower KL 11527 and back near consolidation zone. Long above TLX 11649 and Short below, extreme lower support is 11439, max upper target is 11840. Looking at 300 point range of play today with 11500 being lower end. Low volume and whippy quick moves that just hit target to target. NOTE that 11527 is a Double Bottom and this could play into the Long set up mentioned yesterday. Kind of how they develop.
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Daily Chart Update, still looking for Long test run.
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May expect a dip to 11575 as test, not sure if NAZ has enough force to run at Open or dop/test.
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Tight range Long at 540 was 1st Long. I did not Short the typical Open Drop. KL's are reliable.
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TLX Hit, should pass and just float higher. Trail
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PB's to 600 are possible at no pass of TLX
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Stepping away. Not sure we see much range today or the NAZ will just Blast higher. It will be one of those days as consolidation has been going on for a few. Careful if you are looking deep short.
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718 is next obstacle.
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Stay Long above 620, stop at 615
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Close one.
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718 is target, then 840. Needs to pass 650
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Long above 635
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Just another Danger Zone trade.
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NAZ may stall out under 656 or just Pop up then pull back some.
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Sideways MOP 656 to 620 likely, stay long in MOP.
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KL's
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Stepping out. Watch for push pull.
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630 retest is likely
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Getting some push pull at 50-60
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Push Pull to POP, unusual. There is the pop up. Careful with head fake, Long is play above 630. Stall here at 680 is drop zone for Pull Back.
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Cleaning out short cover stops. This may keep going to 718.
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You can se how yesterday set up today, the bigger trade.
Trade closed manually:
Thank you for the support and let it ride with trail. Leaving for day.
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About 200 of 300 point estimate range are in, should go another 100 or so. If not up, lower or lower then up.
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KL 11718 Hit
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KL 11730 Hit
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11750 Hit, Both targets are Hit. What a Bubble!! Hope you enjoyed the Bubble bath of points. 11753 is outside day reversal. Both targets are Hit.
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Mentioned that I use IDS 20 for Holiday days. White arrows are Long and Yellow is what the Short looks like. White line has to be under the Blue and you have to know or have an idea of where the NAZ is going.
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IDS 50 KL's
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Tuesday O/N play. When Stoch is inside blue, it may drop to mid and Pop.