NAZ struggling to stay up. Outside of three 30 minute bars (2 Overnight, 1 Open) since Sunday, the NAZ would be lower. NAZ does not get Propped in Overnight, it is usually ugly for the Open session. Let's see if we get another big 30M candle, could lead to Pop/Drop. Tight range today until break out. White Lines are Fans, Dash is lower range of play. Long above 14520 and look Short below. KL's Upper 14592 / Lower 14275. TLX's 14785, 14717,14587, 14482,14270
4HR Box Chart (14687 Upper KL / 14311 Lower KL)
4HR Box Chart (14687 Upper KL / 14311 Lower KL)
Comment:
Long above 14482 with target at 14592 and take profit. Move prior to Open. Pop/Drop set up.
Comment:
14519 PB, then Pop or do not go Long here.
Comment:
PB to 14519 Not hit yet. If you go Long will need close stop as news is out at 8:30 ET or do not trade here.
Comment:
14519 Hit on with 50 Point stop.
Comment:
Long add near TLX 14482 with 20 point stop
Comment:
May be seeing the Pop/Drop playing out here and 14565 was the Pop.
Comment:
Thinking we get 1 more pop. Will hold Long and add at 14482
Comment:
NAZ in Mid Range of Overnight, Usually try's to get as high as possible prior to Open.
Targeting 14592
Targeting 14592
Comment:
2 Longs on with stop at 14500. Target 65 or 95
Comment:
Stop hit flat.
Comment:
Watch white dash lines Range, NAZ on Yellow Diag TL. Still feeling Up Move soon or ultimately. That move will be set up for next big Short. Could be wrong.
Comment:
14450 is Support, Long above and Short below.
Comment:
Stay Long for Open 1st move should be higher.
Comment:
Close stop, every lift is getting Sold.
Comment:
Equal strength on both sides, when is the case you favor Long side with NAZ.
Comment:
Stay Long, NAZ wants to Test Higher, hit Lower range target.
Comment:
Stepping away, Buy Dips as 10YN yield dropping and FNG1 is down less tan NAZ. Target 14482, then 14519.
Comment:
Add to Long at 14360, Target 14420 1st.
Comment:
Careful longs, just realized Monday markets are closed and Long weekend with Geo Drama may create sell off. Stop at 10 under day low, no bounce and I am out.
Comment:
Good Entry Long at 14350 with excess pull back of 40 points, taking it Long at 14330 as these usually work out.
Comment:
NAZ break out at 14350 level should target 14425. Level is still holding.
Trade closed manually:
NAZ just tanked. No propping today.