Updated

NQ Targets (08-16-22)

NAZ will need to confirm some Air Pockets prior to a continued climb. The O/N and Dead Zone price action is running out of steam as the volumes have been extremely low, look for any selling to take the NAZ lower.

Note

Long Term Channel

Note

O/N NAZ price did test top 1st 30M of Monday and is above. Next drop and failure will test 13585, then 13540. On upper side 13760 is upper pivot. Playing the short side again today.

Note

Best trades in O/N would have been holding my late Monday Shorts from 13688 & 93 to 35. The recent lite trading in O/N has been slightly falling back to test support, Open then tests upper, usually during DZ.

Note

Most likely next trade prior to Open is white line back to 13700

Note

Key Chart, NAZ in TLX Zone, will break one way or another

Note

Above chart is TL up or lower, I think Fake up then rejection to drop, stepping away until Open.

Note

13680 is top and 13640 is bottom of range.

Note

Short near 80 and strong short under 40.

Note

NAZ should go to lower TL under TLX 50.

Note

May expect bounce off TLX 50. No then short is in play.

Note

Funny, 88 is high.

Note

Look to sell rallies today, may be 1 way day.

Note

TLX turner, may have some strength lower. After Prop Pop.

Note

Strong Short needs to stay under 40 and retest and fail 2 or so.

Note

13585 Target hit on Short.

Note

Stepping out for few hours, 13940 is next target lower, 65 is mid support look for retest bounce at 65

Note

Retested 63 and did bounce to 90, Should be range and take profit on either range play.

Note

13540 is correct from above not 13940

Note

1 way NAZ is stubborn so keep in mind the direction here. This can go on longer than you may think.

Note

CME NQ volume is at 175K, 1 hour in.

Note

under 13585 is Key for balance, expect retrace (if) to and drop.

Note

Most of yesterday low volume gains are gone. Stepping out, looks like good day.

Note

Just got back, crazy.

Note

CME is at 380, yesterday was 440k. 3 low volume days on a melt up, will not hold when volume picks up.

Note

DZ rallies have been dominant. DOW is up and lifting others.

Note

13750 60 failure is bad for bulls. No pass look short. 13705 should bounce.

Note

no 705 bounce 670 next

Note

NAZ is running back lower. Just playing Point To Point.

Note

High negative Ticks.

Note

5 30M candles up erased in 10 minutes.

Note

DZ lift appears to have been a prop offset, larger drop is on way today or tomorrow.

Note

Mass exit appears to be happening.

Note

This is exactly why we are so skeptical.

Note

13885 was tested on this last drop, watch the level.

Note

Need to watch the 30M change and time your trades, many opposite moves at the change. Doubt the NAZ goes back to top.

Note

NAZ testing top of 1st 30M, will need to pass.

Note

No pass yet. May close here.

Trade closed manually

NAZ looking flat on a whippy day. Just looking at volume levels and one-sided general trend. Target trading until freefall.

Note

IDS 27, yellow are turns. Use stoch and aver sold and overbought for turns.

MAZing

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MAZing