Stalling NAZ is a falling NAZ, no prop in Overnight is not a good thing. Could be wrong, just not feeling it on the upside as the knee jerk is loosing steam. Sell rallies today, should be 1 way day, mostly. Our this week so limited updates.
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Yesterday's 200 point 30 minute rally at the close, makes sense now. We are back near there now and if that amazing lift did not happen, we would be much lower. Prop offset with no Overnight Prop, most likely result of Russian conflict.
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Near or under 14145 Short to 14033.
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Interesting price action, I called Short at 14145 (for those that follow, this is Good Entry). After the NAZ pops 50 points or so. This is usually to prop up for a better Short. In other words, it would be better to Short from higher than lower. lets see how this works out.
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NAZ hit Upper target and descending, let's see if it goes under 14145.
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Looks like rally selling under 14250. Today any lift may not hold by EOD, stepping away.
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NAZ playing games, will not go under 14145. Rather keeps bouncing off. This may go on all day. Doubt that NAZ breaks above 14260 - 85 ish. Still look Long just in case, I have seen these Snail type days RALLY on no strength.
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For some reason the NQ is being stabilized or propped, this is not normal PA at all for the NAZ. 14180 is Mid Level for TLX's 14229 and 14128. No Trade in here.
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The Good Entry play is once again exactly like other times. It is like a game or trick that is played when the clear direction/next move is revealed. The Market spins around to get you to change your trade. Should be 1 way from here, bounce at 14033.
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Should NAZ hold near 14033, Cover Short, counter above 14033 back to 14100 - 25, NAZ still bouncy.
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Go back to Short under 14105 25
Trade closed manually:
Stalling and falling.