NAZ will need to test below and rise. Should it not, looking at potential sequence. In order get strength to go higher, it will need to pick up momentum from below.
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Above Yellow Horizontal look Long and under Short. NAZ may ride the slanted white line. NAZ appears to be trending lower.
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Propping overnight did not get that high, NAZ below white TL and sitting on yellow line (support). Should NAZ not hold at 14875 level, the targets below are in play. The 14960 spike was the 3rd attempt to go higher, each time rejected. 14825 is a nearby Short target. I will be in and out today, so input will be limited. Use areas as guide. stay with sell rallies and buy dips. The dips will need to be below the yellow line and give them 3-4 legs or drops before buying.
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NAZ has hit the lower Short Target of 14825, look for further decline to lower target.
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Stay on side of selling rallies and buying dips. This will be confusing. Shorting rallies would be on aggressive side until NAZ stops climbing back up.
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As you can see, the NAZ may be switching to Short side and Shorting will now be less aggressive, hold off on buying near yellow line 14870, these will most likely be better for shorting.
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NAZ has moved 200 points from high to low and was 50 points away from target. Watch Ticks for climb back up or further decline.
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NAZ will retrace to 14815 and have resistance. Look short at level for push down, wait for confirmation.
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NAZ got to 10 points of Target, watch for exit and entry spots near targets.
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Follow White mid day TL, NAZ usually will follow or break through to upside.
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White TL did hold NAZ down, extreme lower target is 14620. NAZ is at 14712 at 1PM CT.
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Lower initial Target is HIT at 14710, you should have closed and taken profit.
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NAZ popping out of TL, careful on head fake. Expect some buying down here, you should not be short at this time.
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Range Bar chart & Channel, most liable.
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Reliable!
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14760 is good support, Fyi as we start to bounce around. Trying for 14825, then 14875 as upper max. range is 14760 - 14825
Trade closed: target reached:
I am flat, not playing the close. You all should have bought the low and expected the normal bounce, when fails, NAZ will retest low (Today or overnight).