Yellow arrow is range to watch and look for a break out. The white lines are KL's to use as targets or turn zones. KLOD is 18285 and under is Short. KL 17867 had the U Turn in O/N Pre Open, this one may be retested prior to a move back up. Friday appears to have been a drop/offset day and Monday did not continue the prop but stabilized the level (all day). I have attached 1/9/22 Post that was timely before the 30% plus drop, BTD/FOMO Forever and AI all you want until history repeats itself. I will update on Teams.
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4 HR, Yellow dot may be key zone for drop or redirect, if so. The NAZ will fight of any serious drop attempt. It will not go easily, but will go at some point in near term. The channel break near dot would be a signal.
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Since Monday, Apple is down 4.6%, GOOG 3.65, TSLA 9.25%. You would think that the NAZ would be way lower. NVDA is up 4.6% and BTC is now -1% today. Just trying to figure out what is holding it up? Open Drive today will be next big clue and may be a 1 way runner south.
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18130-140 hold is long scalp to 180-220 for 1st move and pass 130 is retest O/N low 108, good luck today and it is a key day for the bigger picture.
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17950 break should pop to 18020
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Range in tack, may go back up some.
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Above 17910 should move back up. Looks like a clean out
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Look long above KL 17867
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Above low should target 18020
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O/N trade is next on POP up for move back up. Looks like lower end shake out, could be wrong.
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898 then 928 to break up at 878 now
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Hit on bump
Trade closed manually:
Move from low was 100 points, O/N Next or back lower
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O/N lift may be less or weaker than normal
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17960 is level to watch as NAZ is out of channel
