HK_L61

NQ - RT Range

HK_L61 Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Volume selling eases up into NY Lunch.

-.764/768's have held the Line all AM Session.

With the EU now closed, Liquidity is an issue.

It's a mixed bag at present.

15575 has been the Wall - the reaction there can provide further Squeeze
or set up the afternoon reversal to the Lower Price Objectives.

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11 of 100 NQ Components are Positive.

Not an encouraging sign for a Monday.

Tuesday when participation returns in force will be the pivotal day.

We see the Trend/Momentum Cloud is well above, we need to consider the
Possibility there could be a large FED induced BUY Program Tomorrow.

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3/5 is underway, but within the ST Structure in Large Ranges there are violent
Counter-Trends within the Larger Trend.

Ranges being what they are - Large, it's best to let it breathe at times.

There is no rush to enter the 3/5 Trend, it will provide entry again prior to the
next move sharply lower.

.764s keep capping the upside today. For Scalpers, the entry is clear.

VXN 3 to 5 Min Thiumbnall Chart with APPL and MSF same... provides quick entry / exit.

- There remains the Potential for 200 Ticks up chop into the NYSE Close.


Trade Safe.
Trade active:
Every MIcro RT SOLD at present 100 Tick Swings the new normal.
Comment:
They keep trying to Target 620 and it zips right back down.
Comment:
461 will come into Trade IF the VXN begins its measured moves to 32.79 and 34.36.

15288 will Open on NQ
Trade closed: stop reached:
Every removal of Selling pressure has only permitted an RT on lower volumes to be sold again. 2:30 PM the Next crucial period for Time.
Comment:
VXN Gap, Sold NQ Longs on the 26 to 76 Spike
Comment:
615 continues to Cap it, ES made a far better recovery than NQ into the last squeeze.

TECH simply can't up off the floor with any conviction.

It has been a solid scalp in a near 90 Tick Range, buy the lows, sell the highs has been in the trade for 5 hours.
Comment:
The current 15/30 Min Flag break into 2:30 PM EST, the next reversal period.
Comment:
NQ Range now 15288 to 16312
Comment:
Upper Intra-Day Range continues to hold on VXN RT to Fill overhear Gap at 29.38
Comment:
Another Tap @ 615, hopefully, thru it this time.
Comment:
15628 is the .618 RT and remains unable to close a 15/30 Min Bar over.

Good to see it meet as an RT.
Comment:
683 to 734 no OPen for RT - 615 Cleared / SOld 615 Entry qt 15650
Comment:
Correction: 683 - 734 is NOW Open through Glovbex to Tuesday NYSE open for RT.

A Full RT during Globex is Valid on -.236 Break.
Comment:
615 remains the Pivot for Higher O/N.

The range held up well today with the lower end being front run by 40 Ticks.

Hopefully, everyone has a solid day.

Have a great evening
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