NAZ broke through Red TL (in Overnight Session) and actually gained points in the Open Session today (10-14). The only negative is the fact that the NAZ broke through Red Tl in Overnight and not Open. From 14600 to current, 70% of gains were generated in Overnight. This may create the need to retest the Red TL (at some point). Should the NAZ break above 15130 (blueish solid line) it will shoot like rocket to upper solid line at 15300. This zone has very little historical PA volume. For 10/15, Stay Long and Buy Dips. Stalling is not an issue with current momentum.
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15133 is the Key Target for this morning. Should the NAZ pass this level, stay Long.
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Key levels Today: Upper 15096 / Lower 15039. No pass at level, go opposite direction (at that level). Pass at level, follow in the direction of pass.
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NAZ at 96, no pass Short to 39.
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Struggling at 96, wait for pop and retest. Seems weak here.
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15070 is PB level, should NAZ decline this level may hold and prevent 39
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Big move developing, Long or Short. Stay dry.
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Most likely we have a Drop & Pop developing. 96 rejected at 1st attempt. NAZ may need to bounce from lower level in order to get through.
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Retails Sales may move things, thinking that they may be bad?? This may explain recent propping.
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Surprised we are still under 96, U Mich at 9AM CT, can be a mover.
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96 should now be support, retest to confirm and we are targeting 15130
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Under 96, Long developing to 96
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Stay Long, break 96 likely and EU close sold end selling.
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Drop & Pop, could be decent run up.
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15121 , 10 or so from level to break.
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Bad sign, once again most of gains are from Overnight. Close Stop.
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Close Long at high and move to short under high. Sideways drift lower likely.
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Looking to go Long above high after confirmation.
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Stepping away, play key levels. We can make more just trading Overnight, Open is a joke.
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15049 is yesterday high, must hold or Long above and Short below. 10YN back in play with NAZ.
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NAZ stays under 96, target close of 15000
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Above 96, FOMO may set in. Shorts may cover, could see run. Long with Stop.
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Not happening today. The Open Session range is only 60 points. I would expect the NAZ to move to lower range of day. Close Long and Short with Stop. 10YN is dragging FAANG.
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Long Only above day high, stated earlier, it most likely will not happen. Could be wrong but looking like head fake long. If it does, my bad and it dose happen.
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Should NAZ stay under top of 1st half hour of Open, should head to lower range of 1st half hour 15049.
Trade closed manually:
Disappointing day after such a big rally, yesterday. As I mentioned, much of the recent rally from 14600 has been in low volume Overnight market. Notice how the the NAZ went up 1 point (from earlier high) in final 30 minutes, this is to bait you in as they take it lower. Did not get a Short going today. I think that we will see the Air Pocket from 2 days ago, get popped. NAZ hit 15133 (went to 37) in final minutes. They may be saving this run for the Overnight as it will be easier ground to travel. Regarding bad call at end, it did give a few good pokes to make money on. The game is, net positive in points at EOD and not being correct 100% of time. Sorry if any of you took a hit. You should always be net positive when averaging my calls.