NAZ will most likely approach ATH by year end. Above the current price has literally no resistance and can be taken out with 1 Overnight Prop session (if not during Open). Momentum likely from DJ & SP as they are not far off ATH and the Russell is forming a W. Smart money got it wrong and may have to jump back in (as they have been selling LC Tech). Look to buy (or add) dips at support levels. Most likely, dips will be bought quickly as we have little time remaining in 2021. NAZ bounced off TLX (Red Line on Combo YE Chart) and did not test prior low, next target is ATH. Will provide KL's in morning.
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All 4 Update
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Connect the Box's. Since July we have seen 5 consolidation zones, the current is longest/Largest. Should the NAZ get rejected at ATH pass, equilibrium suggest support is at 15,100 level. NAZ at Box Top now, take note of TLX's (Red Lines) as these are reliable targets & turning zones.
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KL's 16434 Upper / 16305 Lower
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8:15, NAZ at Lower KL, Go Long for Bounce, IF LEVEL HOLDS.
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Strong Long above 16170, Drop & Pop most likely.
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NAZ hit my lower price target and may see a drive up here.
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Long to 16327, above Strong long level 16172. NAZ needs to pass 16172
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NAZ at Box Bottom, testing major levels on way down, still expecting a Pop by year end. Not sure what today is.
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Support and Daily Pivot at 15920, Seems like Algo selling and then Algo buying after target gets hit. See it turning around 16950. Short cover rally 2 way be next should this get going (today or next few days), I do not see the NAZ staying down here for long.
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Next Long trade would be above 15981,. must pass 81.
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Only go Long above 15947. way over done.
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Going Long at 15840, playing a bounce as low on low on selling volume.
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Long target 15961
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Above 65 is Strong Long.
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16130 is next upper target after 15950, Overnight Propping if holding your Longs.
Trade closed manually:
Looks like smart money came back to sell again, today. Should see lift next may retest TLX, Low.
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All 4 still in zone for lift. Thought it would give after today.
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NAZ at bottom of Box, could see a bounce should this hold as we have been here several times.
