NAZ & SP Forecast (6-20-22)

Left white line is Covid low, right white is near high/1-1-22 and yellow is target for both indexes. Whit Line is NAZ & Orange is SP500. Just feel that both are ready for an upper test, next move. I will leave this open along with 6-20-22 Post.

Note

71% next upper Target

Note

NAZ did get to 70% and fell back, 1 more attempt.

Note

Last week both the SP and NAZ did bounce bounce off -32% (6-19-22 Call). 71% is target/turn.

Note

Back to White Line for test.

Note

Heading to white line with SP?

Note

Bounced off white and heading to yellow? Slide the chart left for other views.

Note

If you slide the Vertical Line of 1/1 to the left edge, you will see that both are at YTD low or near. Look for a bounce next or in next few days.

Note

NAZ near next drop, may float higher through holiday weeks with 1 or 2 big drops. Looking for NAZ to stay in Year End Box Post. Will close this post at end of month.

Note

NAZ may move up toward SP this week. Slide to left and line up 1/1.

Note

1 more week, NAZ sitting on the Bottom Channel of the MOP

Trade closed manually

Closed with U Turn in final Hour.

MAZing

Related publications

NQ Long (06-20-22)

by MAZing

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.