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MAZing
May 9, 2022 10:26 AM

NQ Channel Update (05-09-22) 

E-mini Nasdaq-100 FuturesCME

Description

The NQ 4-10-22 chart to 5-9, we may bounce off 12334 (bottom of channel). The time in the box was in the average and the NAZ came out at lower end. Should the 12334 bounce not happen, the NAZ will travel lower and develop a new Box. In and out today, chart below should be range of play.
Intraday Chart

Comment

NAZ did bounce off 12340, must hold and may retest.

Comment

Comment

After Open NAZ may retest to lower range, hold will bounce to upper Yellow arrow.

Comment

Drop test over, Go Long

Comment

Above white line is a Long with Stop. Target is Stall.

Comment

12419 may be limit Up, look to close here after no pass.

Comment

12419 Stopped NAZ, most likely will rollover here and retest bottom (Should it not Pass).

Comment

Stepping away, you should be Short from 12419. NAZ may pop back up some (Mid distance from current and 12419) prior to falling (if that is final move).

Comment

NAZ may surprise to upside by EOD. Not dropping with any force, 12230 looks like support. No Long Call, just keep it open.

Comment

1 more Up test, stall going to lows.

Comment

Intraday is still looking like an EKG report, very ugly. Under 12340, look Short or close Long.

Comment

Final 10M may provide Big Pop Up. I would not Short down here.

Trade closed manually

Looking Long in Overnight and Tomorrow. NAZ due for a Bounce.

Comment

NAZ on lower Channel

Comment

200 point Overnight Pop is most likely on Offset, use a stop. Short this at the Stall Out.
Comments
Tradersweekly
Thank you for sharing this content.
azizlimiteds
May be later
azizlimiteds
No strength towards long side
azizlimiteds
Guys it looks like 12000 is coming soon
zzulhijriansyah
Buy Or Sell ?
MAZing
@zzulhijriansyah, Long coming
zzulhijriansyah
@MAZing, Sell ?
bonnenul
MAZing, I think it will bounce today, but the true low will be tomorrow, then up to build wave 4. What do you think? If bounce directly here, I feel strange.
azizlimiteds
Putin is going to announce all out war 9am news !!!
lacid_25
@azizlimiteds, parade is over and he didnt do such thing
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