NQ Targets (02-16-22)

May be early on this one, but likely big next move. Air pocket clean out today with Box Bottom test. Long above 14687 and Short below. Range of play should be the white dash lines, NAZ will most likely struggle with Diag TL down toward 14500, pop out and then get rejected near 14600 and head back down. Wide range today is because of 200 point AP, NAZ will cut drop through quickly. There was also a 120 point 10 minute Prop at 2AM CT, this morning that is fading. KL's Upper 14687 / Lower 14476

4HR 1Q Chart

Comment:

14590 Short to KL 14476 Target with 50 point Stop.

Comment:

NAZ at Mid Range of Overnight and White dash, should fall or may get stopped out.

Comment:

NAZ under 14587 TLX, stay with Short and cover Short with 25 Pt Stop.

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Short Targets 14521, 14476. Any support bounce will target 14587 TLX.

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Short Target 1 Hit, close or hold for 2nd.

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NAZ under 14446, stay Short. May lift slightly above and go back under.

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4HR Update

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NAZ has broken through the TL twice and been rejected twice. Fed minutes may accelerate or change direction.

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Needs to pass 14446, stay short under.

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From 14400 NAZ is running up to test 14446.

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Failure back down.

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Pass of 14333 NAZ will head to other TL at 14120. Inside Pop/Drop in progress. Testing and may get through 14446.

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NAZ has tested mid Overnight Prop from Sunday/Monday, Doubt they let the markets totally tank here, expect some tricks.

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Closing Short at 14430, may renter. Most likely will go Long after the Propping starts.

Comment:

Prop attempt 1 Underway, rejected at TLX. Now try 2.

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Break through Go Long

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Yep, 2nd try

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Should get it through.

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46 is stop.

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Add Long above 46

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TLX is support 14482

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Try and stay Long here

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lowering stop 30

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14617 is Target.

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stop at 14460 or Break even.

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Stepping away until close, will trail up.

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14617 Target Hit on Long. Holding for more, moved stop to 17.

Trade closed manually:

Flat, stay on it if you can. Great day for intraday action.

Comment:

Looking Short still. NAZ never got higher than Overnight high. May see propping in Overnight and sell off by Open.