NAZ Triangle Update The Churn Zone of 25,000 has crossed the -10% ATH level and may retest the 23,050, 22,816 and 22,524 levels of KL. All of this may create counter-trend trades back to 23,830 for a retest and next move. Failure here would set the yellow arrow to -20%. The blue lines are the open price levels for 2026 and 2025. I’ve been mentioning for months that NAZ will be playing inside the two orange TL. NDX & 200 MA, NDX is now 40 days below the 3 year high of the orange TL and the previous low below the 200 MA reached -18% below. The chart below will show the minimum target. O/N can now be used to drop trapped Long trades, and this may result in a session limit (-7%). A decline of -7% from here would put NAZ at 21,600 which is close to -20% of ATH. As volatility increases and control of the market is regained, we should expect impressive two-way price action.

Source link