Drop Test in O/N and looking for a bounce at 16400. I will update on Teams.
Note
Long to FA's above
Note
KLOD is 16600
Note
Back to ML O/N and range is ML to ML O/R, 16520-16470
Note
As long as NAZ stays in range of KLOD and ML O/R, the trend should be higher
Note
16800 Target above may take a few days, just near term target for upper test
Note
ML O/R should get retested before lift higher (at stall)
Note
Current 16530 move higher stall out is short Pull Back
Note
16582 rejection will drop to 16520
Note
Note
16575-85 is PB Drop test
Note
PB is holding
Note
100 point run may go back
Note
NAZ above 16470 is Bullish and Trend should continue higher or retest 16575-80, needs to pass 16520
Note
Should NAZ stay up today ( above low or 16470), you may want to hold Long into O/N as it will most likely get Propped big in O/N Session
Note
Note
O/R Retest held from 16580 drop test, chart above and watch for another by EOD.
Note
Option is to wait until near the close after a drop test may happen. The DT may not hold and NAZ may sink. Just a pattern on potential lift as NAZ has not fallen harder after a few down days.
Note
16470 Retest, needs to POP
Note
Note
Volume today is lower than yesterday, Looking for heavy volume on sell off day. This may lift back up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.