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MAZing
Jan 10, 2023 11:00 AM

NQ Targets (01-10-23) 

E-mini Nasdaq-100 FuturesCME

Description

Called 11135 Long in O/N, NAZ may hit 11235 and Pull back at Open for a Drop/Pop. Will update as we go. Push pull is back and back to micro scalp moves.

Comment

Major KL's

Comment

NAZ tested bottom of yesterday 1st30m

Comment

Long scalps, Take from IDS20 white MA with 30 point stop and Shorts from Red MA with 30 point stop.

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Most slow lifts are selling off, quickly.

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Example Long, from 78 with PA above and 30 point stop. This may be Short at price below. Reverse play with stop above 78 rejection.

Comment

Short set up

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NAZ rejected at Bottom 1st30M, will need to pass.

Comment

Could be Short to Gap fill with rejection at 78 or bottom 1st 30M.

Comment

Gap fill may bounce, this is no trade zone or Scalp only zone.

Comment

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Predictable moves, get ready for a bounce. This is drop test.

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Trade from MA or a KL Only

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Still whippy low volume type PA, NAZ will get whipped around.

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KL 11080 is likely

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NAZ not heading to MA will drop when under. Runs that stall out will drop back. Head fakes until Open. May hit MA but will need to pass.

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Wide spreads on Bid/Ask, NAZ may drop/pop quickly or just tank.

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Arrows are 1st and 2nd targets, for scalps

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NAZ may test 11167, above low. Re short on Stall. FYI and in Open. Back later.

Comment

Long Scalp

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Head and Shoulder, use stop on any Long Scalp.

Comment

2 targets and in between is Trade zone and Failure for short. This is why I scalp to targets. You can reverse at failure instead of Closing and reentering.

Comment

The idea, I will be back after Open.

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Thrown around like a doll

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Needs to pass 11175

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NAZ has hit both Targets and will stay in Range, Scalp up and down.

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Current Trade is Long Scalp.

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Will stall and fall at near top 1st30M 11246

Comment

IDS20, Scalp at 2nd arrow (2nd peak/valley needs to higher/lower), Stoch is OB/OS. I think NAZ will recover and attempt highs by EOD as the drop has not much strength (the riggers can easily beat this).

Comment

Long Scalp with Target 11246 and 11289. NAZ is in sideways mode so less reliable and Dead Zone part of day, trade with caution as the PA is pretty weak. Here NAZ may stay in O/B as it will not drop after 4 hits. You will notice that the NAZ is Mid Range. Terrible spot to trade, FYI. Back near Close.

Comment

White Arrow and lines is the No Trade Zone and look to go with whichever breaks and retests, long sideways here, something is on the way.

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No bounce, bail on this one.

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Price action is just whippy and crazy. If you do not catch the Open Drive (where the good volume is) you may want to not trade for the day. This should clear up by end of this week.

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Looking Good

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Update and may not hold, so Trail.

Comment

This is some very weak price action and the NAZ is floating on fumes so be careful with any Long. 2nd half of yesterday was push pull and continued in O/N. Today appears to be a Prop Drop Offset for something that is on the way, I could be wrong. I have seen these types of days rally, so shorting is not a guarantee. Games at play or yesterday was a Long Set Up.

Trade closed: target reached

11360 in O/N

Comment

Today 200 point range played well with plan. The price action was strange and off, I have circled 2 areas. The 1st had a big sell off and the 2nd is similar at the close. Not sure if I buy the run and would be cautious. Tomorrow will be a key day to watch prior to Thursday (CPI). November CPI had a 1 minute 500 point pop that helped to lifted to NAZ for 2 months. Institutions will chase anything that moves up, they do not want to fall behind. The NAZ PA today was part of the drop/test from yesterday, weak buying action in my opinion. Part of the prep for CPI, we may see a whipsaw. I am just wondering why the NAZ appears that it is being held up. For those that have been following me all of 2022, I made note many times that 50% or more of NAZ gains come in the O/N. The CPI is pre Open Session.

Comment

Will check this in the morning

Comment

The after. The idea is to straighten out the zig zag with KL projections. O/N drop/pop was another small drop test.
Comments
saeadanwari
I believe it should drop to 10780
MAZing
@saeadanwari, Wow, not seeing that but sounds good.
jakslo23
Was out yesterday, don't regret it :) FYI, since October most of O/N pump is DAX driven. Let's not forget: "There is no pump that cannot be printed" - Dirty Christine.
saeadanwari
Perfect
SaneusiRsebuN
Divergence IDS100
SaneusiRsebuN
this is fun
SaneusiRsebuN
This looks weak, I'm preparing short contracts on lower levels.
saeadanwari
Right, seems good
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