Long

Updated

NQ Targets (10-13-22)

NAZ looking like double bottom. Today's hold was much like circle (day) to the left. Knee jerk with release and potential bounce, 2 way day tomorrow. Do not expect much in O/N, may see sideways with drop and pop after Open. When bearish tilt is full, many times a bounce will follow. Today was a wide MOP and a big move will follow.

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To help IDS 27 users, White is Long above Blue, Red is Short below line break and Yellow is Short zone. You can set trades at levels when price breaks these lines.

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White is mid MOP above and Yellow is mid MOP current. Should be range on any lift.

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Reviewing the day, today (10-12) was a narrow pancake. Just not much to work with. Tonight O/N may lift some (not much), this will offset some of drop at release and NAZ should test higher. May want to set buy limit orders below to catch good pricing. The proceeding hour to final hour today had some strong buying until the 908 level stopped it out.

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Example of how to use IDS 27 with 30M chart

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3 Leg Long set up

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KL's (key levels) are needed. NAZ currently KL inside moves. At KL the NAZ will move inside or away from KL. Down trending PA. When NAZ begins to pass KL's, the trend changes to KL target with passing PA. 10837 will move either inside and try for 10806 for bounce, should NAZ pass KL 37, it will try for 56.

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Red circle is 1st short, White is add and yellow would be buy zone or reverse. Stop on short would move to White circle until lower (lowest) KL's inside bounce creates a KL pass.

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White line is likely support for Long or Good Entry. Many times the NAZ will move 50 points or more above or below GE to clean out stops prior to move. Above for Short and below for Long.

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Blue line shows distance away from orange and white line above shows bullish divergence. This suggests a Snap or strong move higher.

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Short from 10870 is reversed to Long at 3rd hit of GE. Adding additional Long should GE drop near lower KL. Stop is the profit you made on the short. Or you can wait for IDS to show the Long confirmation before adding or taking Long.

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You also need to look for stalling near KL's this is a warning of head fake or inside move at KL. Stalling is bad and Spikes are good, the NAZ had 3 spikes at white line but is stalling at 37.

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10837 head fake and now in stop clean out from GE.

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10806 is inside move and is what you want to see, this must hold. All this is early to IDS Long Signal. Expecting that to follow. 10772 could be clean out bottom.

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Circle is clean out of all the stops under GE. This may continue as stalling continues. Repeat Repeat until we have inside pass at KL.

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Whites are Long signal.

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Good take profit or raise stop, Blue dots are trend change signal (to Long).
NAZ may retest 20 on stall.

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Hopefully this helps. NAZ is flat and the 2 trades produced 75 or so points, so far.

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KL 56 is back to inside and divergence above, take profit signal.
Retest near 22 needs to pass 56.

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Retest to 22 is most likely a stop clean out for try to 80. Notice Blue dots are gone, orange is leveling and turning up, Once Blue is back, most likely 80 is target.

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Circles are great add signals and upper white arrow is Mid MOP and target should NAZ pass 80. 22 just turned into a TLX and this is good. Blue line and should next.

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No blue no go, 22 should hold. Place stop on add. Back near Open.

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TLX held and 80 hit

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TLX Long hit Mid MOP>

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This recent move up had to do with UK Tax Plan U Turn, it seems. Not actual just an idea and everything pops. Risk is to up side at this time, if so the stall will be interesting. If you are Long you may wan to close and reload, your call. Back after Open.

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It took all night, NAZ passed 908 the hard resistance level from yesterday. Mentioned that the Riggers would try for it. This is KL and above is Long, below is Short.

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Lower target is hit and this is exactly what we want. NAZ should float higher near or after Open.

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Drop expected and did not play it. O/N most likely setting up drop test or Long set up. We shall see, bottom day would come on heavy selling and this type of move. Recently when O/N is lower the Open picks up. Need to let it play out.

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10650 is 1st test on lift.

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VIX is lower?

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Long at anytime. NAZ will rally higher. 650 is target

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Target hit

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My lower target was Good Entry, NAZ went lower to get stops. Typical. May revisit GE 10600.

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VIX is dropping.

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Developing a MOP. 10675 to 10500

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NAZ down 220, you should be up 150, plus any O/N action earlier. Play the MOP.

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Block the noise and play the movement, stepping out.

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10600 retested and held. Long above and short below. Retesting now, again. may see 2-3 of these.

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KL's inside or pass is the indicator.

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Long day, NAZ will rotate some. Drop/Pop likely. Take your time and trade at KL's.

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10600 to 10700 looks like head fake, most likely will retest 10600 again. Trail with stop.

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What I am seeing, as NAZ lifts higher the drops are taking out stops and then going higher. Wide stops and let it climb. Or trail wide. DZ is flakey. Hard stall at KL is the key signal.

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10700 and 10650 to 10600 are levels to watch. NAZ is double the drop of others.

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30M wicks are not good. Needs to pass 706 and retest from above. if not will drop.

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Today was a perfect Edge Trade and is why this is working. Others are Flat now.

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Still under yesterday low and not clear until we pass.

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KL's

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TICKS at 2,000 Close Longs.

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908 again. NAZ may drop some at no pass.

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Let this play out, quick drop is likely or trail I am good on points, stepping out.

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CAPITULATION, trend is changing may see some serious whip here.

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Sorry for bailing, I was playing 5 contracts.

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Crazy day, both targets are hit.

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NAZ tested Top 1st 30M, twice.

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Clean out from 10940 to 11100, Under 10940 is bearish. 908 again.

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Mid MOP Zone, NAZ should stay in and will shoot big out of

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11044 is target from 10920

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Long to Top MOP, Close or trail.

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NAZ may shoot out or come back in MOP Zone.

Trade closed manually

Great points total today. I know we missed the initial drop, although the day is playing out as predicted. Not sure the NAZ gets much higher. Could see wild run up in final hour or see a drop. Getting to the point of unknown. From here my calls will be higher risk and you may disagree. May or may not make anymore, depends on what I see.

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NAZ is stalling at Monday's high 11135, passing that is "Air Pocket" back to Box Bottom 11529

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11000 is O/N High, KL.

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NAZ is on 5% run from bottom and was 37% YTD at Low. Could we really see an 7,8,9% day? Really.

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NAZ needs to pass 11075 this time. No pass, it may drop to 34

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The NOISE, how could so many analysts and such get it wrong and not see the 6% range of the NAZ? We only get a few of these days a year and need to run them FULL with multiple contracts. 11080 retest here is final test, next trade should be 1 way off result or direction.

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NAZ stopped at old low. Break out follows arrow.

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Low bounced off mid channel.

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Not impressed, NAZ at Monday high and past 2 days were pancakes. I liked the dip/bounce but was looking for more on the lift. O/N will most likely be a Rocket Rigger Rally to play off this. 10950 (the 2,000 plus tick level) will defend any drop.

MAZing

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MAZing