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MAZing
Jun 10, 2023 5:18 PM

NQ Week Range (06-12-23) 

E-mini Nasdaq-100 FuturesCME

Description

NAZ at red line on accurate contract (not NQ1). Long above Channel/Box and Short under. Lower Orange are failed auctions. May see drop/pop as NAZ does have an "air pocket" below. NAZ has been rallying with no Fed, this may change this week with Fed Drop as a curve ball with heavy Short interest in NQ/QQQ developing.

Comment

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NQ June expiration may effect some price volatility this week with NQ September roll.

Trade closed manually

Pattern has been a pop up on Monday with drop mid week(Fed day) and retracement back up to show little gain or even on week to match Options (weekly). Decent drop mid week could provide another attempt back up at high break out. No dip by mid or Thursday, expect a decent drop near orange Boxes. Good luck this week, feeling that 14500-600 has been set up/placement of bets to the downside. Could be wrong, No Fed No Rally, BTD, FOMO, Tesla, Invidia, AI, etc. All just seems a bit phony or juiced with many eggs in few baskets or basically one basket.

Comment

KL 14350 break is quick drop (through Air Pocket) for 350 points. 14300-50 may be defended or a Long Trade opportunity.

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14566 is KL for now, Long above and Short. O/N into Monday may stay above with typical Prop Session. Any drop below with retest from under and no pass, look short.

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Long above 566 good for 100 points and look for Open Range to stay inside (560-660) prior to next move. Good luck this week and this is most likely a Drop Offset to a drop on the way. Need to let the rig/prop play out to upside prior to Shorting.

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14600 may bounce to FA 680 prior to drop, just noticed. If no 680 hit or no sideways PA, look to Short for below 560 Pull Back.

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No significant drop this week may be start of next rally higher and major Short Squeeze. Just keep that in mind as the week plays out. 14000-200 may be great spot for Limit Order Long for knee jerk off any News Release of Tuesday or Wednesday. Need to be open minded and play either side or both (like a Trader). Today's intraday points may be good for 300-400 prior to next big move.

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Diablo, with this you can see strong break out and up or weak attempt with strong drop back under. Perfect signal with how the morning is playing out. The wrong way 1 way Trader will hurt badly today.

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Choose wisely

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680 hit or near, may drop some prior to close.

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Diablo Bounce to SZ or KL.

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Look Short under 14690, no pass

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SZ's at 690 and 670, then 625 if PB on way.

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Looks like Short stop clean out, prior to drop lower. Upper Target may be Max.

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14760 Target

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Target hit and then some

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Update
Comments
Trebor74
@MAZing much reality is there in a very correction? Up to 10% short? (Considering that everything seems a bit fake and artificial market impulses can mislead investors.)
MAZing
@Trebor74, NAZ moves in 100 point moves. Current up 100 or down for next break out. I watch U Turns and we have had a few from below. Usually some short of rigging. Danger Zones get protected for a few U Turns and then the break big.
Princesslv
What do you think the long term trend?
MAZing
@Princesslv, I only look a day or two out. Decent drop prior to next big move.
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