NQ Short (10-18-23)
KLOD 15212 is Long above and Short below. KL 15239 is a long term level that has divided the Channel (15100-15385). Yellow KL's are targets and potential turning points. We have had 6-7 days of consolidation and this may be for a move higher, keep in mind. Large institutions take days to fill their orders (sideways chop). Long term channel tops and bottoms are key here and may redirection trades. Wil update on teams.
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4HR view of Channel and sideways Price Action.Nota
Daily and prior Daily candle is bearish.Nota
Yellow Box may be Major Bounce or Break ZoneNota
This is the next clue. 10YN is at low and needs to hold, should it drop the YIELD will rise and that may be bearish for stocks. A Bounce would be bullish.Nota
If you look at a Daily chart of all indexes, all Mag 7 and some international indexes you will see that the recent rejection on lift may be setting up retest or rejection to push lower for lower test/bounce. Hard to tell so the 10YN is next clue to watch.Nota
15146-185 is range to watch, 15176 just rejected the NAZNota
15120 (plus minus 10 points may bounce) 50-75 points as 10YN holdsNota
1st bounce did go up 50-75 near KLODNota
Today will be multiple directions change in the 127-KLOD range then break out.Nota
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Orange is in play 950, under 157Nota
The NAZ just struggles to get lower, would except a big move up in next day or so (if not today and unlikely today).Nota
Lower targets on break, 980, 96o and 890. Big Bounce zones.Nota
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