NQ Short (05-09-25)

May 8

KL 20,341 is the level to stay Short under. The tricks in the O/N and 10 minute pop 300 point Tweets are loosing effect. Fed Day was strange and UK Deal was overrated. Existing longs may pick up some speed on stalling lifts. Yellow arrows to the left are short targets.

May 8

Note

Off session moves/levels that help to lift the NAZ up. KL 773 will need to hold and may easily be retested. The O/N has helped to stabilize the NAZ for the past 3 plus years. We have only seen 2 O/N periods that were near limit down -7%, we had 3-4 limit down (-5% back then) during the 1 month Covid drop. Reg Sessions are lower to flat, usually. Next 2 days will set up next move up and away or lower.

May 9

Note

Thursday O/N Rig starting, should be near arrow by morning. This is how it sets up the Long move for F-M play. O/N constantly redirects any Reg Session drop back up. Just an FYI if you are short.

May 9

Note

6am Update, NAZ did lift some in O/N, chart below is the Short call at current level on 4/3, U Turned at 1st yellow arrow, white arrows are Rig moves up to redirect the NAZ, 20,018 is strong short below to KL 19,444, the Shaded Zones are Failed Auctions the will be retested, FA Zones can be reversal zones.

May 9

Note

Yellow arrow below is an Air Pocket set up for drop or this can fill in and move up, let it play out. F-M long move may be in the works since the O/N did not sell off (as it never does).

May 9

Note

15 m to Open Drive and NAZ is in Mid Range of H/L, sideways until upper or lower retest, 2nd move may be the better one today.

May 9

Note

Needs to get under KL 018 or may come back up or go sideways.

May 9

Note

May 9

Note

NDX chart may produce an M

May 9

Note

Air Pocket below bust would most likely target the FA's. They will try everything to keep NAZ above KL 018.

May 9

Note

Looks like it could head South, may bounce off any FA below. This may be sideways or up with Magic Friday lift move should it not drop or a Tweet shows up.

May 12

Trade closed manually

5/12 Update, Top of Channel move In the Overnight and with a Gap Open. You can see why the NAZ was held up on Friday and would not drop below KL 018. Anyway, this will have to have follow through and just wiped out all or many Shorts. The 21,256 is YTD Open and may be the target for now. Not sure I see the NAZ running up 10-15% from there prior to a drop test below and that would have to happen during the Open Drive of any Reg Session as that appears the only time that we see some selling. The Long moves are good but very exaggerated to an extreme, this will not hold.

May 12

Note

O/N Air Pocket with Divergence developing. This lower indicator area will have to fill in or the Failed Auctions in the O/N will be retested in the O/R.

May 12

Note

NDX, when the Reg Session opens the NDX Gap open will be one of the widest gaps going back many years.