NQ Channel (04-10-22)

Apr 9, 2022

Stacking Boxes in the Channel. Just calling next minor move here, not major.
Lower Move
1, Head toward Center Line (.236 FIB) and bounce toward up (upper channel line or equilibrium)
2, Head toward CL and then travel to one of two white lines below (bottom of Channel)

Upper Move (most likely this week)
Propping, Overnight Rigging and Holiday volume (Mr. Retail) favor the upside this week.
Then go to lower play in earning season and perhaps the return of "Sell in May and Go Away".
1, Bounce here to Upper Channel or .5 FIB and even Equilibrium.

The current yellow box has placed the corners on the channel center line. This should be remaining area of play for Box.
Then we may see a new channel. I will leave this Post open until then.

Apr 9, 2022

Note

Better example of Box and Channel balance

Apr 10, 2022

Note

Previous Box averages. The 2021, 3 previous length in days = 105 average
2022 is at 81 Yellow arrow at Top and Red arrow in middle is 105 projection. This is in line with channel structure. Notice how mar of 21 there was a quick drop out/in the box (back to top). Also notice the "Sell in May" PA. The next 25 days are our next set up.

Apr 13, 2022

Note

4-13, NAZ hit Center Line andis heading to Upper Channel Line. Looks like White first. Needs to pass FIB .382.

Apr 30, 2022

Note

Following the Yellow arrow. May bounce near lower white line or soon as may try and get back in Box.