On June 24th I provided targets for Long trade and recommended Shorting at upper target level. The NAZ is playing perfectly and the fact that the upper long term TL has rejected the NAZ, may be a concern. The other 3 have shown much less strength. This is where we need to watch how serious/strong the "Buy the Dip" strategists behave. White arrow was original projection and Yellow is current target or projections. Failure of hitting yellow target, reverse trade and go Long. Yellow target hit, Go Long.
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Disclaimer
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.