Stay Long with this one. The NAZ will just keep climbing. Jobs number in 30 minutes, it should be good either way and that is how it will be spun to reflect the price action.
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1st move to test Red TL at 15000, good sign. Stay Long.
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When trading use my calls and take out at Targets. Never stay in the trade past the Target. Today, Call Long at 14900 Target is prior Key level 15000, take profit at 15000. NAZ will wiggle or drop. On drop as long as I am Long REC, reup to next push higher.
Comment:
Long at 14920 with Target at 15000, stop at 14900 or 14890.
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Simple, the NAZ will try and shake you off with the up/down, direction is up.
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NAZ trying shake out, look for bounce here.
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At 9am ct, just not feeling the strength behind this drop, head fake short. 15000 is current target.
Trade closed manually:
14900 original Long is your reference, the NAZ will typically rotate 50 points or so around the level (below on a Long). The shake out process goes below (or above on Short) level or reference point and picks up stop orders, once cleaned out it will typically run up with these shares. Not always the case, but usually. If you made money on the original Long today, you are risk free on this one. Heading out for balance, this one should close higher by EOD.
Comment:
Long add above 14871, This is good shake out attempt. Last push down was the final Rotto Rooter. Use profit on this one for stop. No trade if you do not have profit today.
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Hang in there, Red TL likely.
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14900 1st target.
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Final push should be strong as the recent shorts and seller may reverse, this should push index higher. Could be decent push. PB support test is 14840
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Notice how the NAZ got rejected at 66, just under earlier Long add at 71. Should NAZ break 71, it will go higher. Have to wait and see.
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NAZ will appear to be getting ready to decline, This is what they want you to believe as it takes that sell orders and moves higher (as counter trade Longs). Watch for 71 test.
Comment:
40 held, my bad 71 (not 66) was tested last half hour. Need to pass this time or it may decline.
Comment:
Close shake out. Long back to key level of 71 from lows was final trade. 40 held and did not get passed 71, stop on long at 30. The play was, long from lows to 71 or 30 stop. Choppy day, adding up open trade to 15000 Take profit and any pop longs at bottom. Should of had good day. 14900 would of been out or covered as you may of added at lower range. Only way to play the chop.