NAZ with U Turn at Box bottom. KL 13152 will need to hold and below 13140 is an "Air Pocket" that will drop to 13100. Could be narrow day or sell off should Bank earnings scare. Basically, NAZ will need to break out above or down we go. I would think that is 1st/next test. The pop today was any easy move back in channel (should have expected). The run up may be bait (what happened to all the sellers yesterday? Did they sell and buy back higher?).
Thursday was an unexpected Pop and the indicators appeared upside down. Strange bullish day, may be the typical drop offset. NAZ has been is a sideways channel for days. Mentioned that a lower O/N would produce a Open rally, not much lower in O/N but popped in Open. O/N tonight may pop with Open drop. This has been the pattern and NAZ is nowhere new. Will update as we go.