NQ 1st Quarter 2023 Update (01-17-23)
On 12/27 I posted the 2023 1st Q Forecast, so far looking as planned and may see drop near 11,700 - 800. BTD's & FOMO's helping the lift. Will update as we go.
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TL Chart, 11,933 may be max lift should NAZ pass 11,700-800Catatan
NAZ 6 days or gains, Since recent bottom the NAZ has produced the following:800 point move (buy/Hold)
Trading major moves 2,198 / ave day 366 / ave trade 314
ave Long 382 / ave Short 224
Mentioned in many December Post's that the drop seems slow and NAZ was struggling to get lower. The recent pop was expected. The next drop or drop/test will move very quickly. If you are Long or buying the dip, place a trail stop. You can see by the recent run averages that we are 1 Long Trade away from 12,000. Should this or any Long trade get rejected at/near major levels (11,800 - 12,000) that is when the quick drop would most likely come in.
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Not sure about Monday Holiday PPA, looking at Box Zone for Monday O/N into Tuesday set up. Catatan
NAZ may break out in O/N Prop Action Zone and just head higher to upper target and stay above 11600 level. This is likely. The normal move would be to drop and retest 11500-450 level, prior to run. Either way, NAZ should stay in the Box until Tuesday Open Drive.Catatan
Pay attention to the Mid Channel and Mid Stoch on IDS50. Past 2 days the NAZ has been consolidating to go higher or fail then drop to and out of channel.Catatan
100 and 200 MA may be upper targets or turning points.Catatan
KL's for O/NCatatan
KL's On drop, Long above and Short below. On lift, Long on pass.Catatan
IDS20, ConfirmationCatatan
No ConfirmCatatan
For O/N and Tuesday. NAZ under TL, rejected. Strong Short under 11500 - 470. Long on Hold back to TL.Catatan
Look at the spaghetti chart above. 11564 KL goes to 11520-00 as the drop test should play out. IDS20 belowCatatan
Try this for TuesdayCatatan
1st Turn Near TargetCatatan
TLX Hit, watch 11556Catatan
11440 break to 11200, NAZ did turn near target.Catatan
YTD, NAZ still in the Box after 8 Sessions.Catatan
Let's see how this plays out.Catatan
Retest prior to next attempt higher. Catatan
NAZ rejected near KL 12069 and may be going to 11650.Catatan
NAZ went to Top of range, I am extremally Bearish as NAZ is at top of expected range. Looking for a pull back.Catatan
01/30/23 weekCatatan
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12500 hit, Not sure we see another 1,000 points.Catatan
2/3 Intraday call/price action hit Key Level 12868 was rejected and fell. This is near what appear to be a area where we could see another drop tp 12,300.Catatan
Trend angle getting pretty steepCatatan
NAZ is on KL 12329, should retest and bounce Monday 13th.Catatan
NAZ in 300 point range,Trading ditutup: target tercapai
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