A follow up of what I posted yesterday.............. The channel is NOW WELL DEFINED . I squared off my putts and went LONG on Calls .... watch that level of 44120-44200 apprxx as mentioned before. Depending on the Retracement ..... 44040.............. 44120....44220
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4 DAYS AGO I PUT OUT SA POST ON THE BIG DADDY BUYING AT EVERY LEVEL..... THT LEVEL ON ''NF'' AT 19385 HELD AGAIN TODAY AND THE BIG BOY CAME INTO BUYING MODE HERE
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PRIOR TO 19385 NF............ THE BIG ONE BOUGHT AT 19285....... ALL THESE WERE WRITTEN ABOUT IN MY EARLIER POSTS....... IT IS MY GUESS NOW.......... THAT EITHER WE WILL HAVE A DECENT UPSIDE ( MY VIEW OF YESTERDAY WILL STAND TO BE NEGATED HOLDING 19410 NF HEREON) OR........... TO BREAK THE MARKET TO THE DOWNSIDE THE BIG DADDY WILL SELL ALL HIS BUYS AT/BELOW APPRXX 19350
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HERE IS JUST AN OBSERVATION............... 5-6 DAYS AGO..... WE HAD SOME HUGE OPENING WICK SPIKES ON NF TOWARDS 19450 OR SO........ WE GOT THERE..... IT WAS PROBABLY A MESSAGE. NOW BNF HAS SHOWN US A LOWER WICK OPEN CANDLE TOWARDS 43300...... ???????? IS THAT A MESSAGE TOO??
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NF HOLDING 19415..... ANOTHER MOVE UP NOW/MONDAY
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SOME SORT OF FORTIFYING THE BASE IS GOING ON...... AT 19285..... THEY LOWERED IT TO 19270-75 ZONE AND BOUGHT MORE. NOW AT 19385..... THEY HAVE HELD THIS AREA 3 TIMES ALREADY... INCLUDING TODAY AT 19375 AND JUST NOW AT 19407.
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BNF 44017@ 44020 DONE............ NOW LETS SEE ON MONDAY
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WATCH BNF AT 43946.. SUSTAINING THIS WE WILL HEAD FOR 44120 AND 44200-280 ZONE. BELOW THIS PROBABLY 43580
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WATCH NF AT 19506 AND ABOVE THIS 19537-38 FOR SUSTAINENCE
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NOW WATCH NF AT 19458......... FOR ANY UPSIDE
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HOLDING TODAYS LOW..... AND TIME PERMITT.......... BNF SHOULD NOW SLOWLY MOVE UP TO 44075
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THE ABOVE IS BASED ON A 1 TF CHART.......... WITH FIB RETRACEMENTS ONLY
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NF MUST NOW SUSTAIN 19490-93............. WHERE IT MEETS A RESISTENCE AT 19510..... ABOVE THIS 19535 AND 19580............ CLEAR ABOVE 19580
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CAREFUL NOW............. NF HAS MET RESISTENCE AND CREATING SOME SORT OF A TOP FOR THE DAY
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A BREAK ON NF BELOW 19490 """"" MAY"""" CREATE SOME PROBLEMS
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RESISTENCE NOW CREATED ON BNF AT 43998.... SO BE CAREFUL NOW....
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i was looking at NF 19450 to sustain............. hasnt happened. Was looking for BNF to sustain above 44075..... hasnt happened................. BE CAREFUL NOW CAUTIONING YOU ALL. A PULLBACK IS ON THE CARDS
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NF.... MUST BE READ AS NF 19450
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YOU MAY WANT TO GET INTO PUTTS KEEPING 44085-90 ZONE AS YOUR STOPLOSS FOR NOW
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A SELL OFF ON BNF NOW BREAKING AND KEEPING BELOW 42930 HOURLY
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43930.... NOT 42930
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THERE IS ONLY 1 POSSIBILITY ON 5 TF................ THAT IS BNF MOVES AND SUSTAINS ABOVE 44030-44050 ZONE...... THEN 44200 IS THE POSSIBILITY
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MRKT IS IN A TIGHT ZONE CURRENTLY...... BNF ABOVE 44037 SUSTAINING @ 44200. BELOW 43930@43580
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THERE HAS TO BE A COUNTER RETRACEMENT TO THE UPSIDE """"IF"""""..... MARKET HAS MADE A TEMPORARY TOP FOR NOW.
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