NQ Range (02-08-23)

1532
Once again, we get a rally based off Gov't type news. These usually fade and the previous day and half was a narrow pancake so the Pop looks bigger. NAZ still nowhere higher than 4 trading days ago. Needs to get out of the Box, balance of the week. 12748 TLX is Long above and Short below. Strong Short below 12580 with target of 12275/12000. NAZ needs to bounce big off lower level in order to get significant buy in (other than the FOMO's & BTD's).

Note: For those that follow, after 3 years and nearly 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.
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Max Lift with stall to Drop Target. This week, not tomorrow, watch levels. Today was a FOMO rally and nothing more. Managers can not fall further behind their benchmark, so when the passive world gets going the managers have to chase. The NAZ did a U Turn yesterday, no U Turn and the entire theme/sense/vibe changes to very ugly. Bear market with high PE Ratios? No Limit Down O/N sessions in 14 months? A War, 40 year high inflation, interest rates going up (from 0). Look short the higher we go and the longer we stall out.
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IDS100, Probable moves. Thinking near Open some selling then Open Pop to stall drop or the exact opposite. Drop to bounce. Use IDS arrows and we may go arrow to arrow. Remember to look at KL's and set up trades. These have been very reliable.
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SaneusiRsebuN, Thanks for coverage and continue. Any of you would like to post trades, do so. Just include Entry (prior to trade developed), Target and Close/Reverse. No is the time to practice, prior to my switch to new platform.
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IDS20 KL's, Looks like 720 and above is Long to yellow lines or white. This may set up the Drop Test.
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Under Major red TL and should stay in the white Box.
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KL failure to hit is Trade set up, this one would be Short. Anyway on downside, look at 12650 and 12520 as lower targets today.
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Next potential moves, back after Open
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Bigger view, circle is KL and Turn Zone.
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12773 and under is selling pressure, Long above.
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Short with Stop at 12795 and add Short at 12775 or near/under. You could Long to and reverse. May see drop test 1st, after slight pop up from 12720.
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Range and trade entries: Short from higher level of range and Long from lower level. Sounds basic, watch the NAZ move up from 12720 and into Mid or Upper and then retest 12720. When range expands quickly, look to counter the expansion back to range or other side of range. Just something to watch as you trade in the future. The whipsaw is there to shake you out and create more range. The 1 way runner will come from the top/bottom of range. This is the only risk so use a stop. We are due for a 1 way day.
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Just seems like a drop is on the way, may need to see a strong counter move into MID Range with stall.
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The 12782 or 793 KL failure set up this Short. Expect a counter Long back to and no pass is short.
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Short at 12745 with 100 point stop no target on lower. may add add 12775
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Moving stop to entry and Looking for 1 way runner lower.
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Close short at 12670
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Reload in range at failure. Played 10 on that one so, I will be hanging back some.
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Long to 12750 is likely. Only above 12660
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Dead Zone magic will lift prior to next drop. May see a drop expansion to 12630
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12660 Long may snap so move stop up.
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Stepping out, NAZ does not get Mid to upper 1st 30M range, look short.
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IDS20, arrows are signals.
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At 12670 you would think LONG, no look for lower expansion 1st.
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Just tricks
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1 way Runner had a feeling.
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12605 and above is bounce to 12675, This will be big move short or long at level. pick the correct one
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Had to step away, 12605 did move almost 100 to 12517. Look for NAZ to try 12630 or 12660. Drop was a drop test to confirm any strength or support.
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15240, needs to hold for any bounce play, The upper arrow is not out of picture with FOMO's, BTD's and Riggers.
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12540 Holding
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Points are the same if scalping longs or shorts. looking for break out.
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Push pull may favor short side
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Push pull is pretty strong. May see quick drop under KL 12580 12600
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Funny, no FED and markets can't move higher since Open. Smart Money getting out. May see pop and drop later or in O/N.
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Here it is, under 12580.
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Long would be lower like 12500 or 12480
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12460 is in view and yesterday low TLX
Trading ditutup secara manual
Not trading to slow, going to see a blast, both directions. Any lift will be sold next stall out. KL 12540 to TLX in O/N or by close. No buying all day, anything here is a set up. Will see a bounce but lower may be bigger.
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Strange narrow close, really.

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