Prop, Drop & Pop. Seems to be the pattern. NAZ still in Range on light volume. Keep in mind that the daily movement is around 300 points, lately. Stalling will be followed by dropping, then bouncing. Or, dropping by popping. In the end it should add up to 200 - 300 points of movement. This is good and we are getting back to normal.
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Next move: Above 64 White Arrow Up (WAU) and below WAD
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Added TL, between Whites: Heading up now
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TL X's In Red, reliable zones/levels to watch.
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1st move complete, Next move in white ??
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15494 should create bounce back up to 15520 or this short to 15460.
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Play TL X Zones, will bounce around in there.
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FYI, No Trade just note: Off Open 1st move should be up, 15520 area then ?
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Buy zone, Open went other way.
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Buy time lets see iff it continuers, place only when ready, may take awhile.
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Could drop to 15350
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Lower TL X Buy Bounce, Use Stop.
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Should see bounce here at 50
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Shifting with Triple Witch, making it hard to see. Think 50 is good base to work from. Think NAZ will retrace up 15440 level
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10:41 am CT, at 15311 / This is positive and a great Test of the low level at 15300, should hold as Ticks are extremely high and it is not dropping. Should the Indexes hold, they may rally by EOD. FNG1 is only off .45%, other indexes are down less than 1%. NQ 100 is down the most. Hang in tier and look to Long side. NAZ needs to pass 15360 to go Long.
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15414 is my target on bounce.
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15333 is support or place for PB Buy and 63 is the Level that NAZ needs to pass for Long. Long at 63 and stop at 20.
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NAZ PB to 15333, wait for run up past 55 -60.
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Should see 1 more attempt at 63, should NAZ break 63, on way up 15393 is 1st target or resistance. 15330 needs to hold here.
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No Long as 63 did not pass, I do not think Short is the move, here. NAZ is now on top of TL and could spring up. Many FAANG are at day lows for 2nd time. We shall see. Ticks have been normal.
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That test only added an extra 10 points to the previous low, NAZ is holding well taking into consideration the volume. The 15300 level has held on prior hits, still thinking best move is Long. Waiting for 40 level as confirm to 63.
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FYI, Still 1.5 hrs. to go, FAANG have stabilized at lows Intraday, May see lift here/soon/EOD.
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DB at 15375 and decent pivot at 90, should see pop here above 90. If so 90 to 60 level for break, on long at 50-60.
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90 held on 2nd hit, lets see the close. Ticks look good for Long, wait for 40-50 hit. Remember how I have shown that NAZ coils down and then POPs. This could be one of those.
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Not impressed with the PA, must be in final 5 minutes. This looks like every other day.
Trade closed manually
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Sorry for the hype of close. Anyway, NAZ next move should be up.