NASDAQ 100 E-mini Futures
Long
Updated

NQ Range (03-15-24)

840
The sloppy entire week has been in a narrow range, had the help of a 150 point contract change lift and the typical O/N lifts or redirects back UP. Blue zone BOX from yesterday, 17960 is original Danger Zone (prior to 150 point change lift). Deduct 150 from 18160 and you are near the DZ, U Turn in play now and starting from final 20 minutes of Thursday Close and working in O/N now. Upper TZ is TLX 18345, NAZ retesting the Diablo now. Pop above will retest from above and take off until Tuesday (Friday-Monday) Rig Prop play is the idea and pattern form months. 18400 is original YTD high (prior to 150 point change). Looking for range day with usual/typical Long Only games to play out, Fed Day will be the redirect on a stall out. BTD/FOMO until Tuesday or Fed Day.
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Yellow arrow is lower range or what to look for should we actually see a drop, retest, stall or any selling. Not likely as the machines will be on and programed LONG.
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18330-45 should be strong resistance, Short Pull Back opportunity back to ML O/N 18260
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Current O/N run is about 100 so may redirect or PB some, under 330-45 is idea.
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NAZ has been in lower half of Thursday Open Range and at ML now, play range and break out above upper half if the Strong Long Signal. Just not sure is has the strength to do it with O/R selling on deck.
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IDS27 and 15M is showing air pocket, white arrow below.
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Small drop, arrow is play, Will be back near Open.
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10YN Chart from 2/20, been redirect since, Many times we see a complete opposite move prior to bigger move in the direction of original call. Should the 10YN drop and yields lift we may see a decent drop in LC Tech at these levels.
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Always always always keep the O/N Pump/Dump in mind as the low volume session nears the Reg Session and after any news release. The news release is strategically schedules 1 hour prior to Open so the O/N Pro's can set up the Open or Reg Session. Many times this is a Dump of prior O/N Pump.
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Diablo Hit and small rejection
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For those that use IDS, IDS27 200 MA is a launch zone for trades. The play here would be a Long on Drop as it is near ML O/N.
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Air Pocket is dropping to 260
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Above 265 should pop and retest O/N high
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Drop from O/N high will have to hold and turn at 240-30
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Pump/Dump so far but think NAZ will retest Diablo in Open. This looks like a drop clean out for typical Friday Long Try. Should that try happen and stall, look short.
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Triple witch, games in O/R now
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Ticks are way off, this may pop back up. I think part of Triple witch volume.
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May retest ML O/R 18120
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Long above 18030
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120 is target
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Needs to pass 18070
Trade closed manually
Got passed 18070 after 18030 call, got neat 120 ML O/R and just could not get any higher. Stayed inside arrow range, all day. Have a Great Weekend and get ready for Fed Day.
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Final Chart today after O/N Pump and Dump in the Reg Session.
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Next week look for U-Turn near 17960 or a complete fall out.
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Pre Open Air Pocket chart follow up and the after Open result. Pump/Dump signal and NAZ dumped all reg session. The O/N is misleading and many times will just be the set up to counter move.
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10YN follow up and is in downtrend, FED Day will move this one and a chain reaction may follow.
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