New Execution Session: NAS after the Week Zero target
After several weeks of compression, NAS broke out of the Week Zero structure on Monday, completed its target and also broke out of the Inside Month.
Is the Weekly move exhausted, or is a larger Monthly expansion just getting started?
I map the key levels, both scenarios and what needs to confirm around the New York rotations before there is a trade. We also revisit yesterday’s Dow short.
The NAS trade that followed came after a long trap into the open and the Open Box pushed lower. The 10:05 reversal targeted PDL and reached it for 150 points (4.5R).
Watch the full session: