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Feb 20, 2024 11:57 AM

NQ Range (02-20-24) 

E-mini Nasdaq-100 FuturesCME

Description

NAZ is near 400 points lower than Friday O/N High, look for retest back up some prior to next drop. KLOD is 17820, O/N Range in Blue and SZ's are channels that may be targets for turns. Need to see if Reg Session starts the day out with selling or buying, selling has been the pattern (look for the opposite, then selling). I will update on Teams.

Comment

Back near Open, Drops set up Longs and Longs set up Shorts. This will continue until NAZ breaks out of O/N Range.

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17525 should try 17640 on hold.

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17470 hold should retest 17560

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So now we have stops below 17450 that are moving up, as they move up that will be next wiggle or dip. You have short stops that were above 17590 and those have moved lower, this is the whip saw game and I think overall trend is lower.

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NAZ still trading like Holiday low volume and weak force in either direction. Need to see some violent Push/Pull or this is going back up.

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2/21, The 2/20 Volume was very high on CME, PA looked shaky. Today we may look Long as the BTD/FOMO's may show up since the NAZ is 500 or so points lower. NAZ at 17530 mow and look at 17500-75 to be range for break out next move today. NAZ still struggling to get and stay lower, BTD FOMO Forever. Nvidia and AI will reboot the NAZ and if not we are all doomed.

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The overnight PA is compressing and may spring load o bounce. Easy for the O/N to get higher but just can't let it rip lower. Looks like NAZ is getting sandwiched. NAZ at 17500 now

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NAZ has been dropping all night and will not drop, most likely up next at 14750

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Looks like consolidation to go higher or stop clean out, may see some whip at Fed Minutes.

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At 17385 Push/Pull is just starting to show up. Strange decline and feel it may retest higher.

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17334 is lower KL for Long on Hold or Long above, BTD FOMO Trade, they will show up and always do.

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2/21 IDS20, TL Bounce above KL

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Raise Stop on Long as this may wiggle.

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Anyway, should NAZ fall because of Nvidia, a drop offset is likely prior, that is what they do.

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Lower of O/R may be max lift here.

Trade closed manually

If this is a drop offset, drop may be big or Long will continue. The Long 1st usually is best with the Rigged NAZ that controls the entire stock market and gains. Se you all on the other side when the release is out. Make or break for us all. They will lift it, why stop now.

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100 Point Drop Offset, That is how they do it (2 years and counting). Now O/N will JACK it to the MOON.

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KLOD is KL yellow line above, This is Private Daily Forecast, Look for hit at KLOD

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KLOD Hit and out

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Good Luck Irene, not sure what they do now.
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