NQ Range Weekly (02-21-23) لـ CME_MINI:NQ1! بواسطة MAZing

NQ Range Weekly (02-21-23)

NAZ is inside what I call a Prop Box. The late 2022 Box was 4-5 days up with 30 or so lower. We are in a Box now which is stacked on top of previous. Short at Top, look Long at Bottom and any Reversing at Mid Box. Yellow arrow is weekly range, Thick upper white is YTD potential High, 11613 is lower drop target and Strong Long (should/when NAZ breaks out of Box).

Note: For those that follow, after 3 years and 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.

ملاحظة

11457 is Mid 2022 Box

ملاحظة

4 Hour

ملاحظة

4HR with Box Fib and weekly POC

ملاحظة

Coming into the final few days or weeks of free service. Limited daily updates over period. Block the noise and use KL's for Entry, Target/Exit/Reverses.

ملاحظة

Sloid white arrow is the Trend, Yellow Boxes are Brockets and Dash arrows are next moves, out of upper bracket. Weekly forecast suggests a break out of lower range should 12540 retest get rejected.

ملاحظة

Bottom of bracket Head Fake/Retest White Arrow or Breakout Yellow.

ملاحظة

Chatter about missiles, market closed tomorrow, longs trapped, if you held short on Friday you may want to place stop at entry and see how this shakes out. No hit/break of 12295 would be the cover to Long signal.

ملاحظة

12405 may see strong selling and stay short under.

ملاحظة

Scalp half day. KL's in opposite direction are continuing to work. Breakout on the way.

ملاحظة

1st Long set up level to watch 12275 -12250, Should level hold the NAZ may attempt to hit 122400

ملاحظة

12250 did hold, Above 12250 should test 12290 with a pass, then 12320

ملاحظة

12290 hit, stall may retest 12250

ملاحظة

12140 Is bottom weekly Target, may look Long here.

ملاحظة

Watch 12140-00 for hold and Pop Up.

ملاحظة

12200 likely here

ملاحظة

12100 to 12145 Scalp, look for bounce and add or 2nd Long above 12120. Place stop at 12100

ملاحظة

KL 12115 Opposite Direction trade is what we are working.

ملاحظة

Upper Value Area is 12260, NAZ may try for this prior to next drop. Should 12115 hold.

ملاحظة

No stop yet and 12097 is Support.

ملاحظة

Needs to pass 115 and stay above.

ملاحظة

Crazy but Long is the play here, above 115. I will check in tomorrow. Couple Scalps on this one so far.

ملاحظة

NAZ drop slowed to a crawl most of the day. Narrow ranges of 40 points or so. Yellow arrow is most likely next move and most likely in O/N. NAZ is deep in Danger Zone so may see a lift.

ملاحظة

The tone has changed and my forecast appears to be accurate with the direction and lower targets. No O/N prop/lift or strength, this very unusual. My see expressway lower as we are at the bottom of 2nd Prop Box. Couple of chats to help with KL's.
I am out much of week and switching to new program, those that are interested, I will be in touch.
NAZ is still under the Diag TL (Diablo)

ملاحظة

Fed Minutes out today, skittish as the market is this may move it lower as apposed to higher. Unless they spin something in the minutes like "the good inflation" and the BTD/FOMO's respond with hitting the buy button (one last time, for the quarter).

ملاحظة

I find it helpful to have targets or reference points, we currently have to look back to previous levels for these. The 4HR chart will take us back to the start of February. 11,900 is lower target, the uppers you have from recent move down.

ملاحظة

12110 and under is Strong Short today.

ملاحظة

12110, KL today and above may pop and below will drop.

ملاحظة

12165 Rejected once, possible plays.

ملاحظة

Drop to 12090 and pop to 12170 ish may be 1st move.

ملاحظة

12170 Hit now Short

ملاحظة

12100-90 Target test

ملاحظة

Should 90 hold, take it to 12130ish

ملاحظة

Circle is Short Turd and bounce.

ملاحظة

Light volume, we will see some big moves today inside KL's. May want to be flat during minutes.

ملاحظة

Under bottom of 1st 30M is Short.

ملاحظة

30M and IDS20

ملاحظة

Turd is a fake move.

ملاحظة

Turd pop is stalling so back to 12055

ملاحظة

When you see a Turd, you load up going in the opposite direction. Like DCA the move and let it reverse until it bounces twice.

ملاحظة

Watch for fake Turd above 115. May actually work and sometimes does so be careful.

ملاحظة

NAZ is mid of range, can go either way, or both.

ملاحظة

130 hit from 90 bounce, under 140 (top of value area) look short. NAZ may try for 170 again since it was a failed auction, pass will try 12200

ملاحظة

When NAZ did not pass 12080 the 055 was off, stall under 140-170 will try for 055

ملاحظة

130 NAZ out of channle, needs to stya out.

ملاحظة

Back later, anything under 170 is busywork noise.

ملاحظة

Turd Alert to 150

ملاحظة

Watch 170, I will not chase and flat looking for Short on stall or wall. 155 and up is another Turd.

ملاحظة

12125 is next test

ملاحظة

OK, no hit or pass near 12165 will try 145, 125, 110, 085. Pass (with retest from above)of 165/170 will go to 12200

ملاحظة

Funny but these 40-50 point snail moves seem big. BTD's hang on.

ملاحظة

3 failed auctions near 12160 70 after a big bounce back up is most likely a short set up. Ya Think, we will see. Down fast and up like a snail. That being said, the lift would be welcomed (should the Turd work out) by the Pro's and smart money firms.

ملاحظة

145 1st hit

ملاحظة

125 Hit

ملاحظة

110 Hit

ملاحظة

Up hours and down in minutes, Were is Waldo? I see him trying to get through

ملاحظة

If you trade for points it does not matter if the market is up or down. Past 5 minute move gave 150 points on both/combined sides.

ملاحظة

190 will sell off

ملاحظة

115, 055 or 115 190

ملاحظة

115 hit

ملاحظة

next stall under 160 under we go to 055

ملاحظة

See Ya, Back later. 090 hit

ملاحظة

In the Range watch the Turd moves. 100 point range, 12090 - 12190, 160 hit and this may be the last move. Long above and Short below.

ملاحظة

055 Hit

ملاحظة

Every slow lift gets sold off.

ملاحظة

12020 is in view

ملاحظة

here we go, lowrider under 12080

ملاحظة

The lift up gives the sellers the sharse to Short, that is why it keeps the flow of up/down.

ملاحظة

12055 break will be ugly and may not happen today.

ملاحظة

The magic is in, NAZ flat. You just knew that would happen.

ملاحظة

The NAZ will most likely go up from here, already popping in O/N. The hold at 055 was good with the magic lift close, do not fight this.

ملاحظة

I just find it funny that the NAZ can't maintain a High all day, then floats higher at the close and after. Rigged.

ملاحظة

The same game continues. Looks like a move to 12350. U Turn in progress and it happens in off session hours. For those that have been following me for awhile, they have seen these play out big. Fed days, Govt issued news or Washington Street and tricks is what keeps the markets up. Every time we get near the edge, the U Turn magically happens. 12055 was the edge this time, just go Long for a few hundred or so.

ملاحظة

4 HR below, I think the NAZ will retest 12100 by/during Open. Total weakness on low volume, very hard to step into anything. I will be out of office most of the day. The idea of 12350 target is not out and likely taken into consideration the BTD/FOMO's and Long side traps for those folks.

ملاحظة

Open Range (1st30M) today should be 12100-12250, drop/pop is most likely. Yellow arrow is day range, stall out pop will see selling. The 12055 to current slow slight move higher in off session hours is most likely a drop offset, short set up and pop test to see if anyone bites. Again, I have see these run so let the Long side play out as weak as the move up appears.

ملاحظة

12250 and above was the last drop/po from 12250 to 12800, at level look for failure and Short or pass and Long above. NAZ may rotate and all day and try tp get through. Circle is all Open Session Drops with yesterday Close/Overnight being the current lift or rig job to slow the decline. This usually does work as the BTD/FOMO's come out to chase.

ملاحظة

12180 needs to be tested prior to 250-260 pass, in my opinion.

ملاحظة

play 1, 180 drop hold will pop to 250 Play 2, no hold at 180 and 100 test, some play to 250.

ملاحظة

180 hold is Long back to top scalp.

ملاحظة

1st Drop/Pop Scalp is good

ملاحظة

Above 250 is most likely a Turd move.

ملاحظة

Back to 220 - 180 at Open for next move. The O/N move here is trying a bit too hard and is looking Turdish. Trail Long Scalp or close near Open.

ملاحظة

So there you have it a 200 point Rig Prop Job from yesterday close (most in O/N off session). Selling the stall outs would be next move. This move sticks out like a "Turd in a Punch Bowl". Let the BTD/FOMO's do their ting and look SHORT.

ملاحظة

Same old joke, O/N will most likely be the high. Scalp Range.

ملاحظة

No pass at 250 very likely at this point. Strong Short under 190

ملاحظة

Rigged, sorry for BTD and FOMO's. Back Later.

ملاحظة

Lower Short hit target , may drop back to 12100. Trail Long until.

ملاحظة

12198 is Bottom 1st 30M, needs to pass.

ملاحظة

140 may bounce

ملاحظة

If no pass at 215 Short under 1215 to 140 scalp.

ملاحظة

NAZ stayed under O/N high, will drop.

ملاحظة

Another U Turn attempt today, may retest and break next.

ملاحظة

Under 215 and 198, below is Short.

ملاحظة

KL's for O/N

تم إغلاق الصفقة يدويًا

NAZ well in lower channel.

MAZing

منشورات ذات صلة

NQ Box Range (02-06-23)

من ‎MAZing‎

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.