NQ Range (11-29-21) Grinder, Next Leg
The 11/20 call update and next Leg forecast. The sellers from 16300 broke the buyers at 16140 (took 4 hits). The Grinder Run from 11/10 (5.50%, 8 day) could of helped create the projected 7% Short to 15600. Should the 15900 level not hold, 15600 is likely. Big Action (Grinder Run), Bigger Reaction (Grinder Short). As usual, the downside PA has higher volume and is covering more distance in less time (Opposite of Grinder PA). Only Large/Strong support levels will hold this force. Will update KL's in the morning after other World markets show their hands'.
تعليق:
Intraday & Real time daily analysis will be needed for the 2 Way Trading OPPORTUNITY. Time to cash in as the markets set up next Trend. Below will show the September channel, potential targets should they pass Yellow & White lines. Depending on Intraday & Real time price action, 2 way trading may be back, should the NAZ decline further/for several days.
تعليق:
Get ready to Trade. The spreads are wide, Expect some crazy PA/Whipsaw action.
تعليق:
Overnight Propping was expected, look for NAZ to drop/test 16100 level. Should we NOT see 2 way PA today, stay Long as the NAZ will only continue to climb back, 16300 was a selling zone, should NAZ pass that continue to stay long. Mondays usually have a Long bias. On downside, after the Open the NAZ usually sells off the Overnight Prop and drifts lower. 15800 is good support and 15500 2nd level support.
تعليق:
KL's: Upper 16237 / Lower 16100, Trade in the opposite direction from KL's.
تعليق:
Open and 1st rejection at 16280, watch the level for Short.
تعليق:
NAZ will struggle to get higher and may go sideways to down.
تعليق:
8:40 2nd rejection at 16280 could develop into Head Fake Long.
تعليق:
2 way day, Short the NAZ under 16300.
تعليق:
8:45 NAZ Hit 16280 and dropped to 16220, Short trade active Take Profit at 50 points or so.
تعليق:
Reload Short after TP and target 16180. 3rd attempt at 16280
تعليق:
16300 Shorts/Selling is defending the level. Stay Short for now. 2nd Short form 16300 with TP at 16240. Reload with Stop at 16300. Most of gains only form Overnight, not good strength. Should NAZ break 1630, 16360 is likely.
تعليق:
Outside of Overnight Prop, NAZ is struggling to get higher. Heavy or any selling volume will take the NAZ back down quickly. Most likely Tomorrow as we are seeing a 1 way day today. May REC a 1-2 day Short Hold as the NAZ lifts slowly higher. NAZ may turn sharply lower by EOD. Short at 16360 to target 16300 for failure and further drop.
تعليق:
Short at 16350
تعليق:
Really betting that we start to see some 2 way days. NAZ up 100 points since Open and Shorts equal 100 points in gains since Open. Looking for a drop next.
تعليق:
Add to Short at 16370
تعليق:
Stay Short under 16410.
تعليق:
Strong Short under 16340.
تعليق:
When the NAZ stalls, look Short. Stalling at 16390. High Ticks, when turn look for Drop. Best time to Short. 10YN is dropping.
تم إغلاق الصفقة يدويًا:
Looking for a 2 way day after a big drop and buy the dip (like today). This will be the sign that the sentiment and price action has changed. The direction change will be to the downside. Expecting that today or tomorrow. Will hold Shorts to Break Even or slightly off/over.
تعليق:
NAZ targeting 16530 on High end, should Drop not happen.
تعليق:
Adding Short at 16435
تعليق:
One way day since Open. Look for change into close.
تعليق:
NAZ Index pretty well extended.
تعليق:
NAZ looking like Top Mop. Next move should be lower, Let it run for next day. Overnight Propping is only risk. Expecting selling in Overnight for a change.
تعليق:
How to identify a Top Mop, Red are failed Buy Zones that fail to go higher. Lets see the heavy volume last 5 minutes. Should it break lower, usually start of turn.
تعليق:
Dropping 1 short for 30 point profit. Holding 2
تعليق:
Adding short at 16415
تعليق:
تعليق:
NAZ futures off VS others, may see some lagging or shifting Overnight. Strong Short under 16390
تعليق:
11-30-21 Update, Strong Short drop to 16240 or 170 points. Top Mop Long Trap chart update, still holding 3 short. White arrow is ultimate Target for Shorts. Will cover Shorts if 16300 Holds, this actually was a previous selling zone so I would think it will not hold.
تعليق:
12/3 Update, NAZ does hit the Lower 15600 Target, may see move up from here.
