Todays call and TL bounce was on track, until the NAZ sold off and never came back. I like the Higher Highs and Higher Lows of today. Going with Long and would expect the NAZ to test bottom (at TL X, now) before any move higher. Level 13443 has good support, a break would seek May 4 low, 13881. We are due a mid or late day climb with momentum (like yesterday). Look Long, the NAZ has had too many opportunities to go much lower (down days or mostly small moves).
Comment:
The current level 13525 is resistance, should we not get through look to short. The NAZ should retrace back down prior to any lift higher. You should get a chance to buy at a lower price if you are looking Long. 13440 is likely support.
Comment:
13525 Level PB to 13492, watch for another failed attempt at 13525 or NAZ approaching 13440 level. US not matching foreign markets, at this time. They are mostly up.
Comment:
NAZ got down to 13450 and ran up 120 points to 15370 and is now back at 13525 level. I did miss the Long as I was lower. Placing alerts would help as price approaches your target. 15370 is 30 points from my upper target. So far this will be our range of play, for the day. Stay on Long side, as you can see - more long points than short points.
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1st Long at 13420
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Target 13480
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May break lower to 13380, would be add Long.
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Looks bad, NAZ just will not Go extremely low, this is Bullish and look to buy dip today.
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1st Long near Target 13674, leave or close . may go higher. I would expect a PB prior too.
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Long target Hit, Next target is 13525 then 13560. This may be turn around day.
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PB Support at 13420
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Looking like typical day, NAZ cant get passed TL 13465 is next test on long pass.
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NAZ Breaking Though, stay Long.
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NAZ comes within 30 points of Upper Target, again. Should Hit by EOD.
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1st Upper Target (13595) Got to 13591. Next, 13614 & 13680
Good idea to set alerts near Targets so you can close out. NAZ now at 13562.
Good idea to set alerts near Targets so you can close out. NAZ now at 13562.
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Rally's continue to be sold off. Stay to the Long side and use Targets.
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PB Support 13475 & 42
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If you have profit, good spot for a Long. 13470 80
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13480 Long Target is Top of Range. Expect PB at 3:15, wide stop of close.
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Long holding decently, may run up and not get sold off. This may be a move that has some follow through. Watch for heavy selling as it gets going.
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4 Index, Not too ugly, Long has better R/R. If Long SL at Buy In.
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Move SL up, potential hold just pass close.
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Rolling, 13615 Target
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Final Minute will explode, not sure on direction. Close Stop.
Trade closed: target reached:
No Explosion, But nice 120 point run.