NQ Short (10-21-22) for CME_MINI:NQ1! by MAZing

NQ Short (10-21-22)

NAZ just rotating in O/N with no direction or strength. Red line is Strong Short under with lower targets below. Finishing the 5 day forecast, NAZ basically stayed in the sideways channel and never had a day when the Open Session made/kept gains. Mostly O/N pumping with rally selling in Open Session. Toady should be a 1 way south weak grinder. That said you can expect the opposite PA to shake you out.

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Yesterday Post comment about being early with drop was half day off, I would think that follows through today. I just can't put together how any significant lift or direction change can play out today. O/N failed and Open Drive is usually 1st move lower. No sign of Bullfoot or Rigging Magicians.

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Set Up, Expect lift to 11045, look short from there. The whipsaw may be significant as the next move plays out.

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Past 2 days the Open 15-30M have barley moved, set alerts at prices and wait. The play out may take some time as next move is pivotal.

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11029 to 10938, 100 point range and 60 out of MOP. NAZ testing KL. play up/down.

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11035 Hit, 35 to 95 may be set up or range to test next move. Shorting lifts should be the play.

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Pump Dump action is needed to pull in buyers, NAZ going to 95. The Pump may last longer or until buying stops. Doubt the Pump turns into Long Rally. Just trade with targets and get out. Pick a direction, both will work.

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NAZ is rallying, where? In O/N, not surprised as it has to do it there, why? Because the Open typically sells off.

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Notice how NAZ is in Mid Range.

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DZ lift to Late day sell? Maybe, expected a fight before bigger drop. Could be early again or just wrong. I am paying Stall shorts direction.

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White Line is Open gain, that is it. Under NAZ should drop.

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Looking like Long Trap. Again.

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Ticks are negative, out at 11105

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11110 was out and old KL

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under 102 should tank.

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Flat NAZ was Rigger Goal.

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Looks like weak fake lift to 11040

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O/N once agin set this up.

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Big foot tried, then was shot.

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You have to give them credit, they are persistent.

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Back near MOP and bounced.

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Wicked PA, trailing Short. Under 11140. Big PA into close. Bottom of MOP is target 1.

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Inside KL's is Indicator for now. Stay with it.

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May test top 1st 30M. If not, going lower.

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Lifts getting sold, stop at 11160. Stepping out til close.

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If you post trades, Specify Entry, Long/Short, Target and Stop. New follower's are watching. I usually do, not as much when MOP scalping.

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Funny, I got stopped at 11160 when I left the office. How and why is that so consistent? How do they know when you are not in the office?

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Here NAZ is near old MOP, may have trouble with one.

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11423 may be in range here, needs to get through MOP.

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11220 may bounce

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Cant type but near 11220 Long to 11260, stop at 11210. Move stop up on lift. Gave you set up.

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Close near Target, reload.

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Struggle, hold on relaod.

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Super fast today, 11260 break is plan.

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NAZ will go or rollover here at 11260.

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Baby moves. Let it play out.

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Mid MOP, look for Pull back. 11320 next on bounce.

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11320 PB to Mid MOP. Vertical through MOP.

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Short at 11320 was set up. Stop 11330

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Target Scalp or Bottom MOP.

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Watch Ticks.

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Needs to stay in the MOP or will POP.

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May see 2nd drop.

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Out of MOP is 100 plus.

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Divergence on IDS 50

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Next week is big week, this may be Short set up.

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Kind of slow roller.

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Waiting on Ticks, watch hour change

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Double Top, may Pop.

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11423? Hard to buy this.

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11345 Shorting 5, no target or stop. Scalp PB. Have points to play with

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Edge Trade.

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320 is target

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Out -150

Trade closed manually

Melt up, most likely short play.

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2HR view of last week, you can see the W and how on Friday the NAZ bounced off lower channel and is far away from danger zone. 11600 may be next or we are developing a new lower BOX. Mid day the PA let go of push pull and just took baby steps higher, I have a hard time with slow grinder's (either direction) and reason for big in final hour. The day did produce 250 points of gains in Open, that is good for bulls.

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MAZing

Related publications

NQ 5 Day Forecast (10-17-22)

by MAZing

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