NAZ in Range Monday. The Yellow dash lines are weak levels of support and the the solid are strong. I would expect the NAZ to test upper level and then potential sell off to lower. This could be in reverse depending on Sunday Overnight PA. Expect propping in the Overnight (like Thursday), should that happen we should see a sell off to lower support for a test. Should Overnight sell off, expect a bounce at Open.
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Future price levels. Dash are weak and solid are strong support. Use as targets should NAZ trend lower.
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Usual Overnight propping, usually happens at 2am, when EU opens. NAZ may find rejection near bottom of box 1550 - 70 level. Watch out for rallies that drift up slowly, these have been selling off with force last 2 days. The upper Box was a 10 day 150 range that just broke out (down). NAZ will have trouble climbing back through. Watch for lower level bounces of 15430 and 15350.
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On 9/10 near close I mentioned 15550 as next target. You should be using NQZ contract. We are near this level. Current ML is 15466. Should propping stop and drop, it will head to ML below.
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Propping did not hold as NAZ is off 200 points. The ML of 15380 looks o be a good trade for Long to 15450, ML
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Bottom may hold at 15360, look for bounce as NAZ has been down many days and may Pop out, If lower 15300 is next.
Trade closed: target reached:
Low 40-60 held for pop out, will test 15540, then 15500 if pass. Overnight propping did its job and kept the NAZ from entering lower selling triggering. NAZ should go back to "Buy the Dip" For next day or so and may get back in the lower to mid BOX, 15550.