Updated

NQ Range (01-11-23)

Red line is TLX, Long above and Short below. Most likely a Drop/Pop, watch the back door Diag TL and the NAZ staying under. Upper yellow line is upper max should FOMO, BTDs and the various strategic types push the momentum further. Should they, we will see a big push from institutions as these drop tests are being bought (for now).

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I will update this as we go, started the TL's in yesterday's Post.

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308 is Short at no pass

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No pass 311, today's range may be in the Box.

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Above 11384 is wide "Air Pocket" that will have very little resistance. Not saying today, I think the drop/tests are getting this ready for tomorrow. This would be in line with previous U Turn moves off 10915.

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NAZ going in the BOX

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Whipsaw Wednesday

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At Open 1st move may be lower, under 11310-00

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384 is Short at no pass

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NAZ may drop for drop/pop set up.

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Weak lift and sell off

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Drop tests keep getting bought.

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Big drop below yellow TL

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Buying pressure slowing or stopping, NAZ will fall pretty hard for next pop (tomorrow). No drop then tomorrow may be a Short instead of Long. Like I said, today is key.

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Edge Trade here, Short at next pull back and failure to lift. if you are brave. This is how the game is played. Stop above just in case. Long all the way if no decent PB. 11360 PB back to 11384 and failure is potential. NAZ looks stronger than it actually is. 11400 is only 16 points above KL 384, good spot for head fake. Long for now, just next set up. 11420 is pivot.

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These matching hits will confirm direction. Seeing some divergence now.

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Look of Short, Take on Check Pop

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Circle is sloppy PA, may drop

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Bounce but no pass at Slop is Short try

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Late buyer trap, maybe.

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Usually the weak slop will fail and price will drop, Long until get ready to reverse.

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Above slop

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Smart Money is afraid to sell. Maybe in final hour.

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Like I said at open, FOMO Push

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1st move lower will start decline, or not.

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closing Long here at 11441

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May continue, I would not short just yet.

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465 then up or drop some.

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TL may stop

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Under slop is 1st sign of short

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Sell off would be better for next Long tomorrow. Not sure tomorrow is huge run after this.

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Selling is at least showing up. Every dip has been bought since 915. Not much above 384. Looking toppy.

Trade closed: target reached

IDS Never looked short since 11317, left 30 on table

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200 day range, kind of narrow for the NAZ. Usually 300 - 500 with movement. Today was mostly 1 way. Actually a sign of slowing or weakness. Will reevaluate tomorrow plan.

MAZing

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MAZing