NAZ to move back in the Box. Going with next move as a Long (pre Open Prop). The Pre Open Prop up will carry through Open session today, NAZ may approach FIB .382 or Box Top. If no Long, look for NAZ to target 13700 or 13500 (Channel Bottom). White Arrow is Long Target and Yellow is Range. Futures Open session on Friday did not have heavy volume. We need to see heavy selling volume for direction to go lower (View Box). Friday was an Outside Day Reversal, this may be something, recent previous was not, FYI. Trade the range and gather points, your trades do not need to make sense. Trade the opposite of what you think should happen. Yes, we are in the upside down clown show and the BTD's are getting ready to buy, buy, buy. This will hold or most likely be the next Short Set up with deeper push down. We are just playing next move today, thinking most likely up (opposite of what you are thinking).
Comment:
Break above 12915 should try for 13960, the 14015. 1st move on Long side.
Comment:
Lower target range hit and good movement in Overnight. 13700 in range for bounce, play upside back to mid range of play be Open. Not watching, just going with pivots. one more lower at 13600 and I do not thin it is going that low. 13765 is spot for retrace back to 13850 test.
Comment:
13765 did get NAZ to 13840. may see it drop back to 13760 for 2nd test and bounce. Range between 13840 and 13760 until break out.
Comment:
For those that are Long from 13700 area in Overnight, may see 1 Way Long day. NAZ may retest lower, just remember it is a 1 Way mover so try and protect without getting shaken off. Would not be surprised if NAZ goes to upper Channel of 14052 the sideways for next move. If back under FIB .236, look for 13700 easily. Wild moves as volume is not exactly heavy. 2 Way trading is rare, it is bound to show up though.
Comment:
13880 may be strong resistance today, this would fall in line with Outside Day Reversal Thursday. Should Stalling near occur close or reverse Long. No Strength Open NAZ may show up today. Just thinking a 2 Way'r is bound to show up one of these days. NAZ Dropped 600 points on Thursday from Propped Overnight high so a bounce up of 300ish may be in the works before next drop and thus decent 2 way.
Comment:
1st move may be lower at Open, seeing some divergence. Could be wrong sometimes it is hard to tell. 1 way up until 13780 fails to hold.
Comment:
14015 may be turning point, if we get there.
Comment:
So far just another Overnight Prop Offset, sideways to up maybe, stepping away.
Comment:
Algo 1 way may peak through today. 14052 is key.
Comment:
14015, needs to pass. All 1 way trading, just too easy.
Comment:
I got out at no pass of 14015, now MId Range of day and no a good place to be. At Fib .236, play 1st 30M as range.
Comment:
Try a Long at 13764 with Close Stop.
Comment:
Should test 13827
Comment:
Above 13827 after retest is a Strong Long. Stepping Away.
Comment:
100 point plus move, may drop some. Trail it.
Trade closed manually:
No in the Box, pooped up 100 in final 10 minutes. Good or more propping? They will not let it drop, stay looking Long.
Comment:
NAZ only goes up in off hours, very consistently.
Comment:
This will most likely happen tonight, don't miss it.
