NAZ at 50% retrace from Friday high. Key levels today are: Upper 15289, Mid 15150, Lower 14923. NAZ should drop to 15035 for test and bounce to upper, should 35 not hold will try lower at 14923. The current 50% retrace came in final 30 minutes of Monday and an Overnight secession, can't put much weight on that just yet.
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Yesterday post, after the close I mentioned the 15150 level as a Short, lets see if it works out. I am surprised the retracement is at 50% (so soon), seems a bit stretched. I doubt that this holds/continues without a test below.
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For those that follow, you will see that the NAZ is propped back on (previous) Top of Box. Should 15050 not hold, NAZ could follow White Arrow back down. There is also an established TL going in the direction.
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All 4 Range: Follow key Levels above, I will be in and out today. Watch for rally selling.
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Short at 15150, good. NAZ should retrace to 15120 and retest 15050.
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Retrace to 120 short and test to 15050 playing out, notice 15035 is Open low, watch level. Break below, will move lower. Overnight Prop is breaking down, as usual.
Trade closed manually:
Tight range and NAZ could not take out high of 15120. Volume was off and not impressed with Buy the Dip opportunity. Look for propping in Overnight and sell off tomorrow. NAZ selling off into the close. Today was a technical bounce, all done in Overnight.
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All 4 sold off:
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Careful on pop out, indexes near break out UP, they may go Long. Overnight lift/prop at work.
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9-22 Fed Day, no post today.
NAZ will try for 15135, pass then 15225. Not feeling a Short at this time. You never know with Fed Day, I would think that the event at 2PM will do anything to keep the market up, stay Long.
NAZ will try for 15135, pass then 15225. Not feeling a Short at this time. You never know with Fed Day, I would think that the event at 2PM will do anything to keep the market up, stay Long.
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NAZ at 9:35am ct, 15125 is could see prop here careful on drop here. Equilibrium is dropping while price is rising.
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I called high target at 15135, 15138 is high and we should see drop here.
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from 38 now at 15, should hit 100 and try a bounce and fail to go higher that 38.
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Back at 38, 62 is next should it go. Not feeling at Equil is low, slowly rising. No short yet. See retest of 09.
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At 62 and Equil is same, 15225 is next should it continue. Interesting see how this play out.
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Got to 202 and selling off at 135. Equil is the same as before which is 15038, see if NAZ goes there.
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After release, NAZ hanging around 15120 level, not real impressive since we have ben there for 3 days. High is 15200 and needs to really break through that level.
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15160 is 50% from Friday high, key level. NAZ is rounding here and needs to go higher (well above 15227) or it may retest lows.
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All 4 getting rejected,
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Looking Short. Will post by tomorrow. The challenge is the consistent Overnight propping.