Blue Box is range to watch for break out or NTZ (No Trade Zone). Strong Short under 15553 and Long on hold. Opposite direction Long at KL 15590 is retest of lower range. Past two days of tight /narrow range looks to be a set up for lower move, may go back up and retest some prior to move lower.
Comment:
Range KL's for trades, Entry/Targets
Comment:
32 hold is Long to 43 and pass is 75. No pass at 43, short to 602
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Scalps inside NTZ, in and out.
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NAZ broke Red TL, look for retest and rejection or at 15750
Comment:
32 long to 43 and now 75, 75 may be short set up
Trade closed manually:
2 way day today, have fun. Going Private.
Comment:
Red TL is the Diablo (NAZ Killer). The NAZ usually rotates around and just goes lower or will pop through at some point and shoot up like a rocket. White TL is NTZ Long/Short. Top of NTZ looks like will reject the NAZ and push back under Diablo.
Comment:
32 went 43 and above, retested 43 held and went to Target 75 and now may drop.
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If you are trading, you need to use 10-20 points around targets before you close or reverse. Example: 15675 may rotate around by 10 points prior to next move and next move may be up.
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NAZ is dropping from 15712 1st and 15675 2nd, targeting retest of 15631 and then 15601. 675 - 631 should be range of Open Drive.
Comment:
15430 long to 550.
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490 may reject use a stop.
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Double Diablo TL's may be path lower or zone near low should NAZ not pass 2nd one
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Lower Blue Box is the Danger Zone and most common play is a U-Turn like we saw. Should NAZ get under it will drop BIG.
Comment:
We have a 500 point drop (view 4HR), the retrace should happen so expect it in the O/N. The Open Session may drop some more and usually does. If the O/N does not Prop it up and drops, expect the Open to lift it back up some until some Tech stocks report in the O/N and that will be the rally back up in the O/N of tomorrow. This is how they do it, so do not fall in love with the Short.