NAZ is lower half of channel and near Box Bottom. I see it holding and staying in range. O/N price movement is so slow, I can't make much of it. If O/N is slow then Open session may be even slower and that may lead to a lift in the Dead Zone. Here looking at Long above 11430 with upper target at 11600 - 40 for a test. This would set up a better Short, if a Short is on its way. Will update as we go.
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11435 is hit and holding, wait for retest prior to going Long. Use stop 20 back, trail as it lifts.
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IDS 27/50 showing Bottom and Long set up, let's see if it pops for a scalp.
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If you look back a few Post's I talked about Edge Trading, This is a classic Edge Trade. ET's are counter in opposite direction and on the Edge. f you take this, use a stop. The Edge here is Box Bottom and the Bounce should be significant and is why I am in this. The Box Bottom has held many times and if it does not hold now, we will go short on retest from below.
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Stopped on 35 trade, watch level near Open
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Typical clean out, Next trade is most likely this.
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Back Later, NAZ not confirming Long direction yet
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The NAZ may rally today 1st, just to test and confuse prior to next move. May retest 11430 from under is next. 11400 seems to be holding some.
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IDS showing support for Long side.
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Should be North my Followers.
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NAZ hit Target from Clean Out mentioned earlier.
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11520 next
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Trail as Open will retest 11420 or 35 likely, Edge Trades are tough but usually work out.
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1st move was higher but in O/N, lets see how 1st 15M plays out
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Looking very Bearish.
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Notice the burst at 15M in, now we will see.
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Nothing Narrow, Not worth it. DZ Lift Not likely.
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Lower Red Line Short Target if you are Short and white is YTD low.
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Must say, I am a bit surprised that the Riggers and Magicians are letting the NAZ out of the Box, that is really bad.
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I am Flat, May see the NAZ try and get back in the BOX.
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Long Sig from IDS
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Confirm at 360 and good for 20 scalp. That is it.
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Stepping out, The Box retest is likely prior to deeper drop. Or deeper drop may be followed by decent bounce. Just 1 way straight down is not Likely in the PA environment.
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Box test.
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2nd rejection and should head south to bottom of 1st 30M.
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Now IDS Short Signal. 11340 1st target, under 11420 is Key, NAZ Boxed Out.
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Ba Bye, Watch the Ticks. 11340 hit. That was a Mop Zine.
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11280 is next, under 40.
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Careful on Long trade, quick whips on the way. Target trades, hit and get out.
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Mop Zone to the right 11365 to 11340
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If you hold a Short place at at 60 or 65, let it ride. Then lower to 40 as it drops.
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This may snap back, you never know.
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Long Signal at 11320, if you want it.
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Long target may get to 11340
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Retest at 20 and then it may pop.
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This pop is a bullish signal or clean out, I am not impressed with downward force today.
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11320 Long was good for 50 points if you timed perfectly. Above 20 is another Long. Or the better trade was shorting form 70 and the pop was a clean out.
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Unless you traded in the O/N, we have had a narrow day. 20-30 point moves and choppy. Still may expect some bounce.
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NAZ 200 points from YTD Low ?? maybe a flash drop/pop?? Possible
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IDS Long Signal at 11260, If You want it.
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Had a feeling it would not stay lower. Fortune Cookies.
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Hit bottom of 1st30M.
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Long Signal.
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Back down, Now.
Trade closed manually:
Crazy day and week. Leaving with what I got.
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May see a Mop up and lower in final minutes. NAZ went from 20 point moves to 40 point moves in final hour. Although the Riggers and Magicians trying to get NAZ back in the BOX.
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YTD Box Chart and lower targets.