Not in early next week. Let's see how this works out. Thinking we are at/near Bottom for a bounce to targets mentioned. NAZ extreme low is 13030, looking for bounce near 13250 or 13100. Friday had the lowest Futures volume YTD, looking for a reversal off low vol sell day. May see some Propping action prior to big run up (Overnight at 3AM CT, usually), miss that and you may miss much of the bounce.
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Inside the Index, White Line is Buy/Long and Yellow Dotted is Target. If the WL's do not hold, reverse to Short as we have Leg lower. I am expecting bounce for test up and this would be prior to any leg lower should the Up Test stall. Tesla TN1 AMZN GOOG MSFT FNG (Key) AAPL ES
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1st target for NAZ on bounce is 14250 and pass/hold, next target is 15200 by Month End. Not sure we get there by Friday, with recent exaggerated moves, we just might. On Lower move, next major support is at 13000 & 12800.
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Moving up, above 13426 would then target 13479. Above 15520 is Strong Long level. NAZ will need to stay above 13399.
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NAZ at 13300, Look Long above 13265.
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No Strength NAZ appears to be struggling. Play two Yellow TL's until break. Wait for retest if you go Short.
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Go Long above Low. Just checking in.
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13200 is target.
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Level could be buy zone of the week.
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NAZ above 13015, should get a bounce. Needs to pass and stay above 13069.
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NAZ may drop back 200 or so, prior to next move up.
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War info gave the NAZ a 200 plus Pop. Key Levels today are, Lower bounce support 13595 / 13450 and upper 13825 / 13970. 13970 is Upper Channel Top. Current lift from 13595 may have weak support, may easily drop back some at Open.
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FNG1
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Tesla
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Goog
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AMZN
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RTY
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Apple
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ES
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MSFT
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YM
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Many Gap Fills above, all may retest lower.
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3-17, Look for NAZ to test 13750 1st
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Go Short below 13900
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NAZ will struggle at 13940
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Add to Short under 13970
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NAZ going in Grinder mode, Stop on Short or Hold, May drop/test later today.
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See very serious drop developing for today, could be wrong.
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Place Short stop at 14045
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Stay Short under 13400, will retrace back up or take profit and reload.
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Sorry 14000
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NAZ is playing in 130M range, you should be reversing trades at each level, until break through.
Took profit near 13360 to be sure, although I feel it will go up again
SaneusiRsebuN
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Bounced on descending FIB level, should retest high
SaneusiRsebuN
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On choppy sessions like these (so far), it's relatively easy to make some money with 1:20 leverage on 10pts targets. Using IDS 100R and go long/short at each simple line trend change. Simple lines Length 24, Emphasis 1, Mult 75. each time bingo so far. (fyi, I'm not exceeding 2% of my account to play with).
Veranage
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@MAZing Hi, don't you think the rate yike coming in on Wednesday night take the market alot lower?
MAZing
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@Veranage, Priced in, not like we did not know it was coming. The opposite will most likely happen, you may see the market Rip. Could be wrong, we will see.