Drop Test in O/N and looking for a bounce at 16400. I will update on Teams.
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Long to FA's above
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KLOD is 16600
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Back to ML O/N and range is ML to ML O/R, 16520-16470
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As long as NAZ stays in range of KLOD and ML O/R, the trend should be higher
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16800 Target above may take a few days, just near term target for upper test
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ML O/R should get retested before lift higher (at stall)
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Current 16530 move higher stall out is short Pull Back
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16582 rejection will drop to 16520
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16575-85 is PB Drop test
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PB is holding
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100 point run may go back
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NAZ above 16470 is Bullish and Trend should continue higher or retest 16575-80, needs to pass 16520
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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
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O/R Retest held from 16580 drop test, chart above and watch for another by EOD.
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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.
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16470 Retest, needs to POP
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Volume today is lower than yesterday, Looking for heavy volume on sell off day. This may lift back up.