NAZ under yesterday O/N High, Diablo and under Blue Box Top (14475). Mid Blue Box is 14350, Fib Level at 14375 and Gap at 14300. NAZ is sitting on TLX 14427, bottom of channel and KL 14403 may be a bounce zone back to KLOD. O/N mid level is 14457, The KLOD is above Mid O/N and trend is lower today, may see channel break and Gap Fill. FED Day, I normally do not trade, though I would pass along. Just keep in mind that the prior two day lift was weak and did have much O/N help with a Sunday Gap Open, may be just another "Air Pocket", Drop Offset prop job and will have to bounce hard off something to take out recent highs. We do have a huge FA below at 14125. Drop/Pop could be in play or this could be a Long Trap from past 2-3 days.
Comment:
Diablo Break and Near KL 14403 Long Pop back to Mid O/N Range. Open may retest lower range near 14400. Looking for most PA to be under Mid O/N & KLOD
Comment:
FA's all the back down to 14450 on this lift, Pull Back is likely
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Fell back to 465 and now is Long above KLOD and needs to hold. I would expect NAZ to fall back under KLOD or rotate around in Open.
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Move to 530 is a Fake or FA, juts before open and have FA/SZ's as just under near KLOD
Comment:
NAZ hit upper target and will now Gap Fill.
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TLX 14425 was the start of pop. Look for NAZ to try FA above or Gap below. NAZ back in Open Range is bad under 14540.
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Double Diablo or coast to coast trading in Mexico.
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NAZ came out of Blue Box at 475, this could be a pop or start of move up. Should NAZ go back in box we should see Gap Fill. Struggling at white TL now.
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Circle is outside the trend/channel and needs to get back in, seems extended. Plus the PA has been garbage lately. 14585 and under is Key.
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4HR charts of Dow, SP and Russell do not look good and are pulling back. Most FAANG are up today only and have struggled to get to prior level. The pop may be faded at stall out. We will see some movement here.
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Just think that the 200 Day MA may need another try. Just seems too simple. 14280, 1 hit and pop, really.
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FYI, NAZ generates 300-400 points a day, everyday. This day is low on the total so some big moves will show. If not up, lower.
Comment:
Under 14647, look Short.
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1:40 PM CT The selloff begins
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Bla Bla, Drop offset will ne used. LONG Trap, BTD FOMO Forever.
Comment:
Diablo hit and slight bounce
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Lets go to the other Coast of Mexico.
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Wordsmithing is good for 20 points and then the dump. Very Technical indicator.
Trade closed manually:
Just having fun as the recent PA has been a joke, 14615 is level to watch now. Will close this Post out as it is pretty much done. BTD FOMO Forever, any lift will be the next Short. Do Not Chase.
Comment:
Hook short developing and wait for Spike up at KL 14705
100 Day MA is where it is trying
100 Day MA is where it is trying
Comment:
No Spike, Big Action and Bigger reaction next day or so. NAZ should retest 200 Day MA.
Comment:
Divergence, sticks out like a Turd in a punch bowl.
Trade closed manually:
100 Day MA Hit, NAZ should revisit 14650 prior to 15000 break and potential 200 Day MA should Apple disappoint.