TradingView
MAZing
May 21, 2023 12:23 PM

NQ Short (05-22-23) Short

E-mini Nasdaq-100 FuturesCME

Description

NAZ heading back under VA high. NAZ may test 14050 and no pass may see drop back under VA, strong Short under 13750 and Long on hold. Lower target is 13250, NAZ staying under VA top and 13750. Friday looked like Long Liquidation day with Push Pull showing up for 1st time in days. May see some drop testing after Sunday/Monday prop play or any stall out during Monday Dead Zone.

Comment

Hold on drop, look Long to Top VA High (2021 to Current).

Comment

M Forming

Comment

Sunday/Monday and Monday O/N Prop is over, may see a drop test today. Lower mid week with rally on low volume (when most traders are off) Friday.

Comment

NAZ may try for Outside day reversal today

Comment

Open heavy volume with real PA may snap the Magic Air Balloon lift that has been driving things up. 13900 retest and no pass is a short to 13790

Comment

TL is drop Target or test break of 13780, 13900 needs to stop Open Bounce.

Comment

Bingo

Comment

Outside Day Reversal

Comment

Red line to Red line and back under VA Top, rally Friday or on Gov't issued news prior to Open for retest back up. Many news releases during balance of the week and month end.

Comment

1st Red Line hit, needs to pass on further drop

Comment

Like I said, rally in O/N of low volume period. Should be drop offset for next few days with rally on Friday.

Comment

Short under 13970 and Long above.

Comment

OK, so the prop rally came early. Get ready to SHORT

Comment

13990 Long Above and Short below.

Comment

016 and 035 are Kl's to watch

Comment

Open should drop some.

Comment

14370 is Fib level

Comment

Rally today to offset the drop, NAZ up on the week. The help was the O/N prop on Thursday.

Comment

14640 Next

Comment

Fib Level hit

Comment

Washington Street is in control. Why I though that today would rally. So Monday O/N will rally and we will see on Tuesday. Check out Plunge Prevention Team, there to stabilize markets, something big and day is on the way.

Comment

Still a few days left to catch the "Sell in May" Sale. I have attached 2 IDs Charts that show some strong price divergence. Another recent time that I saw this (upside down type PA) the NAZ had a decent pull back. The Invidia O/N rocket, nobody saw that coming (cushion for what I expected on Friday), then Friday was all machines.

Comment

5/26 Mentioned 14640 as next Target, may get to 14650 and stall some. All O/N and Holiday Sessions will go UP and Regular will go Sideways to Lower. This is a Rig Job so expect a Snap but only during Regular Session.

Trade closed manually

Month End may show some drop test action, good luck over next few days. I will close this post now.

Comment

Trace to flow, this is why I am not so convinced of real move Up. I can call upper Prop Targets, not sure they hold though.

Comment

At 14420 Long above 450 and Short Below for balance

Comment

14450 Short to 14370 and now Long at KL 370 back up.

Comment

Push Pull is Back, watch your back!

Comment

NAZ just can't climb in Regular Session, gave up 170 points of gains from Prop Session O/N. BTD in O/N and Short at Open tomorrow.

Comment

AI craze (Invidia) was a way to add another MegaCap to use to for stabilization. They snuck it in the O/N, a Friday (pre Holiday weekend) and a closed Monday. Tuesday rejected 170 points in regular session and Current O/N is lower. Today will be interesting to see how the NAZ closes the Month and will start June. Called Short under 14450 yesterday, look for retest and then next move.

Comment

YTD Daily, NAZ may retest lower Box Prior to next run up. Not today but over next few days or so.

Comment

5/30 had heavier volume than 5/26 (Friday), say what? Forgot to mention, BTD FOMO Chaser.
Comments
TORNADOF5
good idea to short AI c3 then as well ? crazy moves 20% day
thanks
Trebor74
This May sale doesn't want to come :D lol
TORNADOF5
16741 could be next O.O ??
MAZing
@TORNADOF5, Not In Regular Session, But Definitely in multiple O/N Sessions.
TORNADOF5
@MAZing, crazy how many traders keep stop out on short index positions LoL got some stocks longs but i still not understand how we can only go up , was sure we fill 4060 gap first then maybe go up LoL now seems like no one has an idea where do we dump ,if at all
MAZing
@TORNADOF5, Yesterday and Today is retest of previous High and will drop back or Up some , Stall and Drop. The Riggers will need to reload the Warehouse on the Drop test.
TORNADOF5
@MAZing, i hope you post when :{ this is sure pro traders market
Trebor74
14370 aviable level?
Trebor74
please refesh chart! please!!!
TORNADOF5
many ppls are asking them self today , now when they found a way to pump or dump market at any point with big tech and bitcoin, they can keep doing it fore ever now ??
i mean old traders ,never had this crap 10 or 20 year ago
More