NQ Range (04-14-23)

230
NAZ with U Turn at Box bottom. KL 13152 will need to hold and below 13140 is an "Air Pocket" that will drop to 13100. Could be narrow day or sell off should Bank earnings scare. Basically, NAZ will need to break out above or down we go. I would think that is 1st/next test. The pop today was any easy move back in channel (should have expected). The run up may be bait (what happened to all the sellers yesterday? Did they sell and buy back higher?).

Thursday was an unexpected Pop and the indicators appeared upside down. Strange bullish day, may be the typical drop offset. NAZ has been is a sideways channel for days. Mentioned that a lower O/N would produce a Open rally, not much lower in O/N but popped in Open. O/N tonight may pop with Open drop. This has been the pattern and NAZ is nowhere new. Will update as we go.
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The chart below is buying left and selling right (numbers). The entire day was buying only. IDS250 chart of Wednesday and Thursday. You see numbers on both side on Wednesday, not Thursday. The zero are failed auctions that usually get retested. I have not seen an entire day with zeros on one side. Keep in mind as we will revisit these levels at some point.
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These are price channels, today covered two. Next is 13385. Still goes back to, what happened to the sellers yesterday? One one the past two days was a set up. Would the sellers of yesterday sell more today at the same level? I think they will should NAZ not get out of the Box.
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Lower Target Hit 152, Potential moves. Wait for IDS to line up. NAZ is slowly retesting yesterday's pump, 13100 should be hit and may be low for better long. Long here Scalp to next SZ and add or wait for IDS.
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Now we have a Short. This is where I was going with Close Short Trade at 13210-20 yesterday. Should kept it as the SZ's did get hit. Price under Red MA and White Bars (white arrow) are Short adds. The key is the 3-4 colors need ti line up as the Shorts will pop up to Red MA and turn into Longs or Shake you out of Short just to go back lower. The SZ's/KL's are KEY HERE. Notice the heavy selling at 13216.
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Scalping in here, 120 is going to 152
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in out and in out until NAZ breaks RED MA or gets a strong rejection.
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13080 is KL for strong Long
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Notice the 100 point move from 13220 (my original Short), NAZ may go back up some use KL's / SZ's for entry. Also notice the time on 100 point drop, we need to let trades play out.
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Diablo Warning
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Out of Diablo is a Rocket, Usually
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Careful today under RED MA with Long as Diablo is here. Tech may loose investors that will take profit and Shift to Banks as they are cheaper. This may be what the set up was yesterday.
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Above 130, Long scalp for 30-40
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152 hit once and looking for break through
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Most likely O/N set up Drop/Pop to 13248 Test.
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After a big run like yesterday (real or not), we usually see a drop test the next day. The Drop test is used to see how fast it gets bought and then depending, the pile on or off is next.
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152 retested from above now, should be good.
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Diablo POP, look Long above 152 for now.
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130 was early and prior to IDS al clear, may work out well. expect some wiggly and shake out.
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NAZ retesting 130 now
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152 is KEY and NAZ will need to get above, 13080 is next lower target.
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Bounce at or above 13080
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130 should try 170 again
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NAZ will rotate around 130 in a 50 point range, above and below. Then break out.
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Look for 080 bounce at no pass of 152
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170 hit watch radius of 50 points
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Diablo POP near 210, baby bars or snail PA, these usually crawl all day higher
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Trail may see some PB and drop at stall out.
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Near or under 248 you can take profit as NAZ may go sideways. Your call
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248 Hit, needs to pass
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Took profit on trail Hit 13230, Looking Short now as 248 was rejected
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Again, you need to keep in mind that there will be many drop tests prior to 248 break. Best play was 130 long to 248 and out, I knew this would happen. Just be carful with Shorts, I will be back in 1 hour
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Range
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Below 152 and 130 may see 080
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13130 with 30 range is no trade zone, Next 100 point move will come out of here.
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Selling of non banks and buying of banks is what is going on.
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Only above 13110 and above is Long, NAZ should float higher now. Stop at 13100
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No trade if drop below
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No trade dropped
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watch 080 to 110
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Every move has counter equal, above 080 is a long
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13080 Long should go to 13154
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Arrow is hook to support a Long
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Good Long Signal, place stop below Take profit if you want and reload.
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The earlier 110 call, I waited for clean out. Should work
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133 for sure
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Watch Ticks and trail, may get whippy.
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130 Stop to Lock 50 Points, this may be drop set up for close.
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Out plus 50 on trade.
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Mentioned many times, notice the 100 point moves then direction change.
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152 hit on 080 Long, careful at 160
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You should be 150, 100 on Open Long and 50 here.
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Looks like typical Friday Magic lift. This may go all the way up?
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I bail earlier on many trades as I use 10 or so contracts. Just want sweet spot.
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Equal move question, you can see it here. 10am to 12 drop 100 and 12:30 -1:30 100
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13160 is exactly in Mid Range, could go either way, Mo Trade Zone.
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13170 appears to be strong resistance, short should NAZ not take out.
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Should drop to 13080, Notice how Air Pocket got taken out today.
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On the Short, You short as it approaches but dose not pass or passes and comes under. Tight stop and watch the Ticks. May drop to 130 and pop so be quick.
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Trail Short as Ticks are seriously negative.
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Short Trail Stop hit Plus 40 points.
Trading ditutup secara manual
Out NAZ should close here at Mid Range, no pass 170 may drop again, I see an M. Have a great weekend.
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Decent week, big miss on Thursday and the ""Air Pocket" did get a revisit today. Even today had some strange PA, like the lift in second half and final hour move. One thing I would mention, review prior Post's and notice the 100-point moves. I have highlighted today's below. Many times we get shaken out or get out too early. 80-100 is the typical range lately.
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EOW Review
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IDS20 view
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