NQ Range Weekly (02-21-23) for CME_MINI:NQ1! by MAZing

NAZ is inside what I call a Prop Box. The late 2022 Box was 4-5 days up with 30 or so lower. We are in a Box now which is stacked on top of previous. Short at Top, look Long at Bottom and any Reversing at Mid Box. Yellow arrow is weekly range, Thick upper white is YTD potential High, 11613 is lower drop target and Strong Long (should/when NAZ breaks out of Box).

Note: For those that follow, after 3 years and 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.

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11457 is Mid 2022 Box

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4 Hour

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4HR with Box Fib and weekly POC

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Coming into the final few days or weeks of free service. Limited daily updates over period. Block the noise and use KL's for Entry, Target/Exit/Reverses.

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Sloid white arrow is the Trend, Yellow Boxes are Brockets and Dash arrows are next moves, out of upper bracket. Weekly forecast suggests a break out of lower range should 12540 retest get rejected.

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Bottom of bracket Head Fake/Retest White Arrow or Breakout Yellow.

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Chatter about missiles, market closed tomorrow, longs trapped, if you held short on Friday you may want to place stop at entry and see how this shakes out. No hit/break of 12295 would be the cover to Long signal.

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12405 may see strong selling and stay short under.

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Scalp half day. KL's in opposite direction are continuing to work. Breakout on the way.

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1st Long set up level to watch 12275 -12250, Should level hold the NAZ may attempt to hit 122400

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12250 did hold, Above 12250 should test 12290 with a pass, then 12320

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12290 hit, stall may retest 12250

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12140 Is bottom weekly Target, may look Long here.

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Watch 12140-00 for hold and Pop Up.

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12200 likely here

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12100 to 12145 Scalp, look for bounce and add or 2nd Long above 12120. Place stop at 12100

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KL 12115 Opposite Direction trade is what we are working.

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Upper Value Area is 12260, NAZ may try for this prior to next drop. Should 12115 hold.

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No stop yet and 12097 is Support.

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Needs to pass 115 and stay above.

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Crazy but Long is the play here, above 115. I will check in tomorrow. Couple Scalps on this one so far.

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NAZ drop slowed to a crawl most of the day. Narrow ranges of 40 points or so. Yellow arrow is most likely next move and most likely in O/N. NAZ is deep in Danger Zone so may see a lift.

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The tone has changed and my forecast appears to be accurate with the direction and lower targets. No O/N prop/lift or strength, this very unusual. My see expressway lower as we are at the bottom of 2nd Prop Box. Couple of chats to help with KL's.
I am out much of week and switching to new program, those that are interested, I will be in touch.
NAZ is still under the Diag TL (Diablo)

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Fed Minutes out today, skittish as the market is this may move it lower as apposed to higher. Unless they spin something in the minutes like "the good inflation" and the BTD/FOMO's respond with hitting the buy button (one last time, for the quarter).

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I find it helpful to have targets or reference points, we currently have to look back to previous levels for these. The 4HR chart will take us back to the start of February. 11,900 is lower target, the uppers you have from recent move down.

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12110 and under is Strong Short today.

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12110, KL today and above may pop and below will drop.

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12165 Rejected once, possible plays.

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Drop to 12090 and pop to 12170 ish may be 1st move.

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12170 Hit now Short

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12100-90 Target test

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Should 90 hold, take it to 12130ish

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Circle is Short Turd and bounce.

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Light volume, we will see some big moves today inside KL's. May want to be flat during minutes.

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Under bottom of 1st 30M is Short.

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30M and IDS20

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Turd is a fake move.

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Turd pop is stalling so back to 12055

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When you see a Turd, you load up going in the opposite direction. Like DCA the move and let it reverse until it bounces twice.

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Watch for fake Turd above 115. May actually work and sometimes does so be careful.

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NAZ is mid of range, can go either way, or both.

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130 hit from 90 bounce, under 140 (top of value area) look short. NAZ may try for 170 again since it was a failed auction, pass will try 12200

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When NAZ did not pass 12080 the 055 was off, stall under 140-170 will try for 055

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130 NAZ out of channle, needs to stya out.

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Back later, anything under 170 is busywork noise.

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Turd Alert to 150

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Watch 170, I will not chase and flat looking for Short on stall or wall. 155 and up is another Turd.

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12125 is next test

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OK, no hit or pass near 12165 will try 145, 125, 110, 085. Pass (with retest from above)of 165/170 will go to 12200

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Funny but these 40-50 point snail moves seem big. BTD's hang on.

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3 failed auctions near 12160 70 after a big bounce back up is most likely a short set up. Ya Think, we will see. Down fast and up like a snail. That being said, the lift would be welcomed (should the Turd work out) by the Pro's and smart money firms.

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145 1st hit

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125 Hit

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110 Hit

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Up hours and down in minutes, Were is Waldo? I see him trying to get through

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If you trade for points it does not matter if the market is up or down. Past 5 minute move gave 150 points on both/combined sides.

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190 will sell off

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115, 055 or 115 190

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115 hit

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next stall under 160 under we go to 055

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See Ya, Back later. 090 hit

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In the Range watch the Turd moves. 100 point range, 12090 - 12190, 160 hit and this may be the last move. Long above and Short below.

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055 Hit

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Every slow lift gets sold off.

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12020 is in view

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here we go, lowrider under 12080

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The lift up gives the sellers the sharse to Short, that is why it keeps the flow of up/down.

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12055 break will be ugly and may not happen today.

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The magic is in, NAZ flat. You just knew that would happen.

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The NAZ will most likely go up from here, already popping in O/N. The hold at 055 was good with the magic lift close, do not fight this.

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I just find it funny that the NAZ can't maintain a High all day, then floats higher at the close and after. Rigged.

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The same game continues. Looks like a move to 12350. U Turn in progress and it happens in off session hours. For those that have been following me for awhile, they have seen these play out big. Fed days, Govt issued news or Washington Street and tricks is what keeps the markets up. Every time we get near the edge, the U Turn magically happens. 12055 was the edge this time, just go Long for a few hundred or so.

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4 HR below, I think the NAZ will retest 12100 by/during Open. Total weakness on low volume, very hard to step into anything. I will be out of office most of the day. The idea of 12350 target is not out and likely taken into consideration the BTD/FOMO's and Long side traps for those folks.

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Open Range (1st30M) today should be 12100-12250, drop/pop is most likely. Yellow arrow is day range, stall out pop will see selling. The 12055 to current slow slight move higher in off session hours is most likely a drop offset, short set up and pop test to see if anyone bites. Again, I have see these run so let the Long side play out as weak as the move up appears.

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12250 and above was the last drop/po from 12250 to 12800, at level look for failure and Short or pass and Long above. NAZ may rotate and all day and try tp get through. Circle is all Open Session Drops with yesterday Close/Overnight being the current lift or rig job to slow the decline. This usually does work as the BTD/FOMO's come out to chase.

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12180 needs to be tested prior to 250-260 pass, in my opinion.

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play 1, 180 drop hold will pop to 250 Play 2, no hold at 180 and 100 test, some play to 250.

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180 hold is Long back to top scalp.

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1st Drop/Pop Scalp is good

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Above 250 is most likely a Turd move.

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Back to 220 - 180 at Open for next move. The O/N move here is trying a bit too hard and is looking Turdish. Trail Long Scalp or close near Open.

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So there you have it a 200 point Rig Prop Job from yesterday close (most in O/N off session). Selling the stall outs would be next move. This move sticks out like a "Turd in a Punch Bowl". Let the BTD/FOMO's do their ting and look SHORT.

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Same old joke, O/N will most likely be the high. Scalp Range.

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No pass at 250 very likely at this point. Strong Short under 190