NQ Range (02-02-23)

1481
NAZ getting boost with the usual Gov't Issued News, 1st day of Month and the FOMO's that can not show lagging returns (institutional). Just waiting for a stall out over the next few days. Range for today and will Scalp the Range. Watch for the NAZ to retest Circle Zone, for next move (few days or so).
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200 Point O/N range, Scalp to mid for bounce ECB out, may wait. I will be in after Open Drive.
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12590 is KL to watch on Short, For now NAZ may rotate around. O/N Range IDS50/20, 50 is still in buy dip mode, may change 20 will show 1st.
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Today, O/N high may be the high for day. Usually the NAZ will sell of some at Open, try for O/N high, hit, stall and slowly drop lower. ETF's that buy contracts in O/N, usually sell off by Open. NAZ back to 12590, watch 12575. I have Short in at 12605 with 100 point stop and no Target. Not a Rec, I am out til 9am Chicago and will close when I see 50-100 points profit or get stopped.
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More micro moves with PA, usually when the stall shows up you will see small drop/pops and the NAZ will churn higher and eventually stall out and hit deeper drop/pop for a test. You can Dollar Cost Short the lift or ride the lift then reverse. Either way, wiggles on the way.
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Slow churn, should drop some. Anyway, I think that the January lift with yesterday pop has provided a decent cushion for any drop that may follow. Today's Open Drive will be the key and what to watch. O/N high is usually not passed by Open and kept.
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Short was not a REC, want to be clear. I may get stopped or add more or reload once I get back. I do these often when I get a strong urge, they rarely work initially, but eventually.
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Stopped and back on with Short at 12790, NAZ going to 12805.
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You can Long Trade Dip's up to KL 12800ish and then reverse.
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See mostly O/N and not much Open, this will fade, or usually does. May not get to 12800.
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Back to 12600 if stall.
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Now we will see the strength as the Dead Zone may lift, stall and drop. No fear this is not going anywhere past 12800
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Watch the Dollar.
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DCA Short the fake pre open lift was the set up, let it fall during dead zone. Back later. Long Trap.
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Watch Ticks and trail the Short, expect pop ups
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I saw this 150 points ago and jumped early, I need to work on that. Range scalping on any hold until next big move.
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So KL 12800 did not pass, as the NAZ approached and stalled that is when you start going short. I jumped because I had to commute to an office. Now 12600 is support, I would think NAZ plays in Range of Top1st 30M Mid and Bottom of 1st30M. Under bottom and staying under is stronger short.
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Back later, NAZ will not take out O/N high, rarely does. If so, we go lower by EOD, pop In O/N tonight and sell off big by tomorrow or next few days. It is a rig flow system of games. The only thing is earnings, if they are bad, Look DEEP.
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I see some push pull showing up, if that turns off close short and go Long.
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Ticks are perma negative?? Not good and kinda odd at this point, why would they be steady negative?
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Got to Scalp, just playing Open Drive Range. All expected, Break top 1st30M is goal for Long, trade in opposite direction at KL's after retest. You will see more than I can type. Break out is coming one way or another. Short try was 2nd and now back to Long.
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709 bounce is next or not.
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12685 was O/N high, watch level and should NAZ stay above, look long. Usually it can't maintain the higher high. Back later, looks like Short was rejected and now BTD, FOMO creepy crawl to 12800.
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12790 Shart is off, used it earlier drop. However may use here after sideways dead zone stalls out, should it. I am not Long.
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Anyway new followers, mentioned yesterday about KL's and how NAZ usually hits. This is a perfect example, the very next day. Overtrading is not needed if you just play KL to KL. Jumpy traders have a hard time with that, I am one.
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Last thing until the close, look at my notes about Slow Churn 2 hours ago. This pop is a result of the previous drop. The next drop will come when this pop stalls out. Repeat Repeat Repeat until the NAZ hits a wall. The wall will be in the Final hour or 1st 30M, never the O/N or Dead Zone. Enjoy the float higher and watch the stall.
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Stall goes back to 12750 1st for reaction. Slow Grind id likely with some quick drop/tests.
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Divergence, may see a drop here at 12815 or may take some time and DV turns into strength. To me I see an air pocket.
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Stuck on KL, drop needs to go to 12750 1st then bottom 1st30m. Otherwise up another 100, that is pattern. NAZ will usually move 100 or so out of the MOP or Channel. Lower KL is pretty far away so 12640 is guess and TL for bounce check.
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Lift is quick and 1 hour in 2/1 plus O/N, may be enough to hold and push higher. Final hour will tell.
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2nd divergence on IDS20, may be next move up or Head Fake. Still Flat. I do not trust, care or chase. 12920 is upper TL IDS50. So for new followers, I am cautious mostly because I use 5-10 contracts and do not need much.
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DV is gone, may recycle again.
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FNG1 is up 7%, pretty stretched. What's it going another 5-7%? Really because of Meta and 25 bps and some words. 1 day, took months to get lower. So today open is pretty narrow for the NAZ, will move more, just question how far up, more room lower. Might peel another 100 up, not as much as lower should anything trip this up. We could think or a few that could. Kind of a stall out here for hours.
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Do not follow, Shorting 5 at 12850, 100 point stop. Target 12750. I pick the lower direction.
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Scale in, how it is played. I am risking points from earlier after recovery from 1st stop out. Can't quick, I am usually early, may work.
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12920 Hit, 13002 Next at pass. Looking for a drop by 12950, may get stopped, will reload.
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When I say do not follow, do not follow! However, I am usually early. it is like the boost is a final push prior to the move I want or think. Just part of the shake out.
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Why is Dow flat? Anybody know, I am just getting back in.
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Looks like TL was perfect for Short, I need to be more in tune with my one stuff. So easy to see the garbage. The KL's and such are reliable, we just get sucked into the drama, noise and rigging. Hopefully you took the 12920 Short. I will let this ride.
Catatan
So here, I am hoping that this is an Edge Trade. These run for Hundreds and are at a minor or major Top. I could get stopped, anyway it shows that we may be at a pause, turn or pull back spot. Just need to watch and let them play out. Ticks look good so far. Notice how it stops exactly at my entry, torture. Entry is everything, then stop management and is why I ask when posting. As this drops I usually lower the Stop, I may not as I think this will run should Earnings be off by 1 penny or some terrible fact that will spook the FOMO's.
Catatan
So the next 100 out of the MOP did go up, mentioned. But got rejected. The MOP is good for these types of moves after hours of nothing. The rejection is key here. It may go back up and if so, there will be another 100 today or tomorrow. Do not chase garbage.
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Bottom of MOP is next gear.
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Key Level here
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BTD, FOMO. Good Bye. Bottom of MOP???
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Closing Short at 12765
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Will reload on Lift. 85 x 5 on that one.
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This will come back but is a start. Short on stalls.
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Short again under 12755-60 only. May see 1 more try higher 12800ish.
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Flat stall on drop and, Ticks are not terrible. So this is a Top of 1st 30M test and needs to blow under it. Will bounce if does not.
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Above 12755 is bounce zone as it cleaned out stops below Top 1st 30M. May keep going up/down until stops are cleaned. Not feeling big drop just yet, that may come at Top MOP.
Catatan
Drop test being bought by BTD's and FOMO's. 12792 is KL.
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Well so far we have Edge Trade playing out here, god news for tomorrow. May bounce off Mid or lower 1st 30M, if not going lower, much.
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Another view 12815 is likely.
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Notice how NAZ retest O/N High, not far and like I said, NAZ rarely maintains Open High vs O/N. The Open should be were the growth is and not the O/N.
Trading ditutup: target tercapai
I am done for now, just use 12920 as KL to Short under, NAZ may retest or come close, that failure is your next Short. A/H will skew everything, then this pattern will resume.
Catatan
Should 12934 or 13002 block, NAZ may go to TL 12300
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Not a real trade: Lets see how a limit Short at 12900 and 100 point stop plays out with A/H and earnings release, target 12300. Not a real trade just idea. Fortune Cookies.
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Good one and is rolling, off about 200 so far. Looks life 12920 is top.
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KL Opposite direction trades are the best, very reliable.
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Still above O/N and orange TL so needs to get below for next leg lower.
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There you go.
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FOMO pain, until tomorrow. Check this out.
tradingview.com/u/EIP-EverythingIsPlanned/
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Update
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