June 17th Post update, look Long at white line (11,334). Month end and Quarter end Drama. 11,257 is Strong Short zone (on break) and Strong Long on Hold. On the flip side, I have been mentioning the back to back down Open & down Overnight (lack of) and here we are. This could be the start of a real move lower? Not sure on that, think we need to see more of this. Go with Drop/Pop and short on stall after decent bounce. 11,202 is lower TLX and most likely max bottom. This post is good for the next few days, let these test levels play out.
Big Box Chart
Big Box Chart
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IDS Long Set Up. White arrows are Long/Divergence set up and Yellow are Short. Long Setting up Now and will target 11,525 (Scalp Trade)
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Close Long Scalp and play the range.
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Long again and scalp from 11500 to 11550 or so. If you are conservative, wait for NAZ to pass 11,510. Scalp action and not bigger picture here, can rack up points scalping these moves. Use stops and have fun.
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Scalping use 20-25 point stops and 30-50 point take profits. Peak to valley and valley to peak trades. Use Range Bars and not time based charts. Stepping way until mid morning.
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11495 is Strong support and Long set up to go higher for bounce prior to Open.
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Remember my comment from other day: NAZ will climb higher to gather shares to take lower. This is a selling supply problem at a low (no more sellers). Fake run up to Pop/Drop set up, this is your WHIPSAW.
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Long Target and Short zone is white line above. NAZ does not get that high or stall, go Short at that point.
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10YN is up and CL is down, Look for Pop this morning near 11475 or 500
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Look short under/near 11600 at stall from Pop.
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11600 will be the bigger Short should it stall out or go sideways. NAZ staying the The Box. Long at 11480, do not go Short here, long would be better.
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Double bottom Bounce should show up, if not place a stop behind.
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Here or 11340? Welcome to Trading.
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Pop may show up, we are only 100 points off yesterday low after 2 days, NAZ had time to get real low.
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Here comes some whip, 11550 is likely as 1st target. NAZ should hit 11600 by EOD or at some point.
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adding to Long at 11400.1 way NAZ will turn today, Will add more at 340. Do not follow this is aggressive.
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Dropping 350 add and 400 add, 1 on. Will drop last at 550 or 400 whichever is 1st.
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Range
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Closed last long at 11490, Flat. will sit aside.
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You can see why it is better to go counter trend intraday. Today did not seem like a 1 way runner.
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Update
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Update
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Update
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FYI, 11340 appears to be the BOTTOM. Look for NAZ to retest or go up from here.
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Long at 11540 to 680
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Add to Long.
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30 point stop.
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stopped.
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reload 2 long at 11490
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30 point stop.
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Hold or move stop to break even.
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Half way down 1st 30m should pop.
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drop 1 for 35
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stop at 480 on2nd.
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drop 2nd at 45 for 55
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Scalp day.
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Overnight Prop Likely.
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680 stall and back down.
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Run looks fake, usually will work and then sell off.
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Range out.
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NAZ has gone nowhere the past 2 days.
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11340 is likely if no Prop.
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Vertical White line is the sell off after fake Pop.
