Going with a Range. Looking for the 10925 level to defend a drop, this level had 2,000 plus readings a few times today. Great spot for a Long Trade. Not real impressed with the close or level at close, suggest a retest lower after the O/N prop machines rigs it up. Will update as we go.
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11300 to 20 is upper target and O/N riggers got NAZ passed 11135. Back 2022 game plan with propping the NAZ in O/N and sell off after Open, cycle.
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O/N range of 200 points is decent, just getting in and will be in and out today. IDS 27 view, best no thought execution is Short under orange and Long above blue. NAZ lift near TLX 11201 and tested yesterday O/N high od 11000. I would not count ou a test of 908 by EOD or prior to a decent rise up.
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IDS 27 left and 50 is right, 50 is showing some divergence on this lift. Many times a drop does follow. O/N price action is random so follow price 1st to targets then indicators. There has been about 50 new followers in past week or so, welcome. You can pick up by viewing Posts: IDS, TTZ's. I/we trade intraday and update throughout.
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NQ March 14, 2021 post. I see a similar has been posted. Thing is that we may only be half way down. This bounce may be just a bounce.
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There it is, 11040 is target (break of 80) from 11125. This system will give you more trades than you can handle. Like an X-ray machine.
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11080 is exactly Mid Level of O/N Range. Will stay until news release, remember the level as above are Long trades and drops are Shorts. Use targets and my KL's, KL's inside or pass is what you are looking for. Back later.
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Note: Remember the 2,000 plus tick zone (10900 - 25) this will most likely hold should the NAZ get there. An idea would be short to and reverse at, like yesterday type PA. Just an idea and not a call.
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11040 target hit.
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So the Short to 11040 is a take profit. The expectation is an inside move or bounce up. A pass would be passing 11040. Next trade is retest at 40 with hold would be Long and no hold is Short after pass with retest from under. Here, NAZ will try for 80 and then a better clue is based on PA at 80. Regardless, you have 80 or so points a profit on 1st trade as stop, so take some shots.
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Path of next move at 80 test
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Since 11040 was an inside move, you tilt Long. The next near hold at 40 is the confirm and another. 80 KL was Not an inside but a Pass. Currently the Chop Zone was tilting back up. You will see these all day long. Block the Noise and any distractions and focus.
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Now inside from 11254, usually the Open has some trouble passing and maintaining a level above O/N Prop high.
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Long anywhere here.
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11040 is target.
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Ticks should change to higher. EU Close should let up on selling.
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This is the drop test to strong Buy Zone.
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TLX 11035 should be turn.
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Drop test just confirms the direction change and usually will rise back up on hold. On hold last chance to catch a low for rally. Providing is holds and is why it snaps back, quickly.
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Add to Long 10800
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Hang on. Retesting 10806
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10806 is inside.
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10806 is 3rd hit.
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4th hit and Bottom of MOP.
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Edge Trade, these can go either way. Waiting on ticks.
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added 3rd at 10800. -1,000 on ticks is good. Again inside at 806. TLX and above should try 56, 908. Big gap move up. Buy signal on IDS 27, stop at 10750.
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10822 is now lower test.
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KL's higher, walking up the stairs from here.
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10806 move is last retest, may go lower. 3rd major hit. Ticks look OK, should POP. Tight MOP, will move out big. Stops at 10780
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Stopped
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So no big move yet out of MOP, may go back in and to Top. Break out is move from Top.
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30M H/S forming. Tricky.
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I need a book on stop management.
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Runner should be coming. above 10780, higher low than yesterday and that is all you need.
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Ready Set Go. Good Entry of 10833, NAZ did typical clean out of 50 points or so. Rocket passed 33. Enjoy the ride.
Trade closed manually:
Off day.
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Hit both targets and no bounce at lower. Stop management.
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Another missed short day. Just did not have it, gets like that towards EOW and a 1 way short grinder. Anyway, the whites are hazy and the reds are neat/clean. Good way to read the trend. Most of day was under orange line. Push pull was back. Damage could of been worse, problem was the missed opportunity. When you have points to play with you get lazy, sorry if you lost some today.