The NAZ did pull the Head Fake (5/3 Call). The TL cross (X's) at 13866 was the center pivot and tomorrows upper target. The lower target at 13692 is lower X & Box Bottom. The yellow arrow is the Range. We may need to see continued drop to lower target, then potential bounce to upper target. The level does have good support and I would anticipate a significant bounce off lower target, before any move lower. Should the reverse order unfold (another failed attempt higher) we may go well below lower target.
Comment:
Looking to go Long, I would expect a predictable decent counter trend trade. The NAZ blew through the Bottom Box and approached 13600. Should the NAZ not continue to drop below the 13650 or below 13600, I would expect a decent bounce back to 13840 level. Waiting for Open.
Comment:
The NAZ is at lower TL X, lower target is 13600 & 13455. Lower levels of support. 1st trade is Long at 13600 with Close Stop, this will most likely not get filled, worth a try.
Comment:
Trade active:
Long at 13600, Target 13680
Trade closed: stop reached:
SL Hit -30
Comment:
13455 would be next support level.
Trade active:
Long at 13500, attached is 4 Index.
Trade active:
Add at 13510 Long.
Trade active:
Longs target 13625
Trade active:
Wide Stop, High probable Pivot to Long Level.
Trade active:
Additional Long at 13440, place all SL at 13400.
Trade active:
Should 13400 not hold, lower short Target is 13300. Either Short to or Long From.
Trade active:
Lowering SL to 13350 and adding additional long at 13375
Trade active:
PB Support 13400, Long Target 13597
Trade active:
Long Add at 13426
Trade active:
Take profit on 2 at 13460
Comment:
Target 13460 on 2 Hit
Trade active:
13430 New PB Support. Upper targets 13520 & 13595, unload as you go. Let 1 fly.
Trade active:
Add at 13450 40, target 13485
Comment:
13485 Target Hit. FANG Slightly improving. DOW Looking Flat.
Trade active:
Should PB at 3:15 to 13440 before attempting 13520. If no PB, look for decent move up.
Trade active:
3:15 PB to 13460, 3:30 13455, ADD Long
Comment:
13455 Long Target 13520
Comment:
13455 Long Target TP at 13495
Comment:
Close Longs 13500 & 13510 should NAZ it 13440. day Net Profit is positive.
Trade active:
Target 13520 Hit. Let 1 Long run into close or overnight.
Trade closed manually:
Closing open t 13544