NAZ had strength intraday today, why? Short covering, 10YN up or financials sell off? What ever the reason, it may continue, going with Range of play. I will update as it unfolds and try to do my best. Friday could be a prop up in Overnight as other world markets should lift and then the potential late Friday take profit near close. The 6-17-21, 325 point run (Long) was the largest intraday major move in past 20 trading days. This is usually followed by a counter move or Pull Back, should be decent move. Keep in mind, the NAZ could post another 200-300 Long point day (With the NAZ, do not predict anything - just try and follow).
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Upper Pivot or Target is 14300, NAZ may try and hit this. Any failure would trend toward my lower target 14060.
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NAZ staying in Range, No go to upper and falls to lower. 150 points of movement or 50% of big move yesterday. Should other indexes keep falling, NAZ may fall much lower or catch support, NAZ will bounce. You can look at yesterday move as prop to offset this big day drop that appears to be developing.
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NAZ hitting TL, PB Support 14060.
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Update, other 3 appear to have support (White Line), may hold and help Bounce for NAZ:
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60 appears to be holding.
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FANG looks Not Bad, Look at Long Side
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When trading use 20-30 point targets. Long to target or short to target and get out. Just a reminder, nothing is forever with NAZ.
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Support at 05, Long after stable
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Bounced off 10
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may add above 10 and target 60 0r 92
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10YN Up, stay on long side, EU Close creating drop.
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NAZ appears to be turning up. 2 way Day?
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Testing lower range. May take a bit.
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Buyers should come in. Close SL on longs.
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move up SL's
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May drop 1 here
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PB Support now 40
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NAZ may just rocket up.
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Targets 92 106, close SL believe short side is less favorable. Unless typical NAZ weakness comes in. Very possible.
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Needs to stay above 60
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close at 60
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This is it and will tell the close. Pass 92 should be gone.
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Closing her, will expect PB
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Ready for reentry, should go up and back down to renter or down and retest.
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looking at 60 test for long, not shorting at this time.
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Stepping away. Twitch, Take profit when you can.
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No reentry, Neg Ticks too high for Long. This is usually a trap.
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Watch ticks and look Short under 90
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OK, other 3 should hit White line and go through or drop, NAZ will simply follow and has a lot of room to drop.
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SP hitting white line.
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NAZ just 10 points higher than my Long target, will wait. This could be nice Short set up. Gets tricky with 3 hours left.
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We have not had too many 3 way days, heads up.
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Do not know what would make it go up from here? look short.
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FYI, 13962 is lower target, should we see all 4 drop.
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All 4 lifting?
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Sorry, no clear direction in here.
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60 needs to hold, range of 40 points.
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60 is holding all 4 are lifting, looking long
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Earlier I mentioned Nice Short set up at 109, now possible Long set up, variable is TWitch and Close. Long If, at 14015. 3 other have not moved much.
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Just a Note: Moves down are slow and long, moves up are fast and decent, long side may surprise at close. Buyers may be waiting.
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NAZ above 60 stay LONG.
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Long Set Up, at 23 is counter to previous Short set at 109, look for NAZ to take out 109
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TWitch making it hard today, PB to 60 or 40 should bounce to 109
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Current 14 minute 50 point move, Buyers are here.
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LONG above 60, Just do it.
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Too late, now needs to be near 60
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Proj Close 14120
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80 is support for push higher.
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Lifting, good for next week:
Trade closed manually:
14060 Long did get HIT SL, had a few to TP's for 20-30 PTS. I was more excited with potential rocket move at close. Close not at projection, my bad. We had much more good moves than close move.
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Yesterday Long move 363, todays Short 194 points. I was expecting a decent move, mid day, I was looking for 2 way as opposed to 1 way. Still 1 way intraday action.