NASDAQ 100 E-mini Futures
Updated

NQ Range (04-11-23)

253
NAZ is at ML (mid level) of the white box. Mentioned yesterday 13152, today look Long above and Short below. Watch for a hit and retest before taking the trade. IDS50 below shows the W and 2nd bounce (yesterday) off 12960. NAZ current between 2 price channels. These are the Shaded long rows (Not Shaded Zones). On the 30M notice that the NAZ hit 13185 4 times with no pass and looks like a M or inverse H/S. Watch for moves up with stall out and KL 13152.
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The post O/N yesterday, I mentioned that NAZ may try for 13135 since it was not passing SZ 180 (which is now gone). NAZ did drop to 145 and then got through SZ 180. For now play 209 & 152 SZ's. The flow is, if the NAZ does not pass an SZ or KL it will usually try one in the opposite direction. Just like last night.
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As expected the SZ 13210 did reject the NAZ on 2nd hit. The SZ 13152 may see PB to for retest. You can place trades at SZ'/KL's ahead and point them in the direction. This one would of been an "opposite direction or Short Scalp", 25 points so far.
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This will show bigger picture, 13240 break may try for 13400. 100 point range of 13250-150 is key today.
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Here target will get hit, the white arrow will show how to HOLD a trade with IDS20.
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Stepping out, let it drop to other SZ's. will have to pop up and retest from above for Long trade to be confirmed. Yellow arrow is what a Long would look like.
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Careful with this
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13140, may see Long to 170 prior to Open. Short cover is so.
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if so
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Not sure Long Scalp is a strong one, watch this range at Open. KL 152 is hold NAZ back.
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13150 seems to be the test zone, stay with Long above and short below. Confirm, will update after 1st 15M of Open. Watch the Diablo, Orange TL
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NAZ may bounce off 13090
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Long at 13115 to 13160 for scalp, May play out Longer Hgher
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Not much to do, it is like they are moving it around just to clean out stops and the reversing. I am staying on Long side 13080 was low test. Pop out of Diablo should take it up.
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Update SZ's, NAZ should go up and test those.
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Slow weak getting whipped some. This is like Summer Months. I have 80 points on Long and now Long at 115, will place stop at Breakeven for day should the NAZ not POP here. I do not like to trade Snail like PA. 5 on Long at 115, so I think it will pop through Diablo.
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Needs to pass Diablo, should pop.
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Pass and retest from above is next.
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Updated SZ's
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Circle is Long Support
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Carrol did you get the IM?
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Should bounce off 80
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They just can't keep pumping up O/N and the selling off in Open.
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80 held as is bouncing, I was adding below. Looks like MOP or stop clean out. Watch Ticks change here and get higher.
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Now retest and go.
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Ticks need to stay high, should explode as was long MOP up. May take it lower, close if major stall you renter.
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So far 115 was Good Entry. The drop lower was a typical clean out of stops to create liquidity for the Longs. GE will many time see a 50 point move lower and then pop.
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Back to upper shaded Channel, notice KL 80.
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Trail and watch Ticks, should hit 52 1st and do something.
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I am closing some adds at 120, this is shake out zone. Should go higher I am locking more profit with Short profit from pre Open.
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This may be a keeper trade, we will see.
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Waiting on 2pm CT, 1st 15m NAZ may drop some.
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Remaining Long Stop at 13090, should bounce on 05
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Updated SZ's
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Stop hit -25, Short +75, Long adds +100. Out, really narrow day. 13090 TL may bounce.
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Scalp the games, get in and get out. Surprised about the final hour drop. O/N may Selloff, they can't keep pumping and dumping. Should we see a sell off, Open may rally, that has been the pattern.
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13935 should bounce
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13035
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Short under 152 was the call. Crazy but when the intraday moves, it scrambles your view.
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Here comes the RIG
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Subscribers, hopefully this helps: Follow the white arrows (2) 1st, short near yellow bar and may drop to previous yellow bar and stay under red MA. NAZ bounces 13060 but stay under red MA. 13060 2nd arrow, NAZ is bouncing off yellow and lower indicator is above Zero Line. Red MA (turns white) Price is above, go LONG. I called 80 bounce ( good for 60 points). I then get out on add Longs at 120 (white arrow #3). Mention 105 as bounce, no bounce and that would of been a SHORT. Notice where NAZ ends up, 13060. Use IDS20 for days like today or everyday for set ups.
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Final Hour zoomed in.
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80 Bounce that I called: Red Bars on white MA line (circle) and Lower Indicator is above zero line (white arrow). 80 Bounce was sunning well until 120 and divergence
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White arrow is a Short to other white arrow should it pass 060. These trade are like 50-100 points round trip.
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To finish the IDS use example. SZ gets hit and the colors and variables show the next move. NAZ will always head back to the MA.
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