Long

Updated

NQ Targets (10-04-22)

NAZ benefiting form new month/quarter and pent up demand for the buy side, this can last for hundreds of points. We will take it day by day. My indicators do not make much sense, this matches the 9 month Bear market that has not had ANY serious O/N selling pressure. Enjoy the Bear Market Rally while it lasts (this feels like a Drop Offset at this point). A retest below will happen and it will be bought quickly(above low), over time that will fade and we will retest lows. DO NOT short in O/N, wait until the Open Session 1st 30M.

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200 to 500 point Targets from current

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11466 is pivot and Box Bottom, may be resistance.

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NAZ has moved 500 points from yesterday Long call, may be getting stretched.

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All dips are getting bought quickly

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Need to see some push pull and lower highs before shorting, back near Open. 11466 is KL.

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NAZ hit 11466 and 11471 is resistance, may see PB from level.

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Vertical NAZ targeting top of channel (white line)

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Stall here is Short Zone for PB to level/target by bottom of 1st 30 M Open. Should bounce after that, basically Call target is hit.

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Example of O/N Prop, Price lifting and falling support above = Divergence. This is not a Short but a beginning of a Short or Pull Back.

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Yellow arrow is retest for Short on failure, weak short. Just an example. NAZ may need to drop some in order to keep lifting or bounce.

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Looking better, may take off. This is a Mop Zone for now.

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Slow Roller Short or PB, Prop Action is typical and may fade.

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Looking for a PB, so far they are 20 points or so and I will not buy in the O/N after a huge run. The run in literally vertical and will have to retest at some point.

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NAZ is back to the level of a few days ago, you would think this was more than that (FOMO). Again, mostly O/N on this 500 plus point run, the Open session will be interesting to see if we see any selling pressure. The O/N session high usually is the high for the day and the Open usually does not exceed or exceed and maintain. This was not the case yesterday.

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NAZ should try for mid or lower channel. Been riding the Upper.

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O/N Strength and Open Stall.

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11470 Test.

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11550 should be 1st at stall.

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Long is only option as every tiny PB goes back up.

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This drop from 68 may create a wide MOP to work with.

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11640 TLX did create stop and turn, these are reliable. Could be top Mop.

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11553 is O/N high, NAZ will usually retest the O/N high. If not then we have an "air pocket" that will pop in next few days. Those that have been following me have seen these play out many times. Of the 350 points, 80 is from Open Session. Bogus ratio. Failure at top Mop will drop to 11553 should it pass bottom of Mop, currently 11625.

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If you went Longa and took my call/post, you are happy. Those that did not (I was flat), need up/down to trade and we are not getting much of that. 1 way days are actually less profitable that whippy. Trade the Mop and like yesterday, when it comes out it will go 100 or so points.

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11625 test is likely, slow roller. Just remember, all O/N and do not be afraid.

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Short under 11675 for test to 11640 or 25, NAZ may head for Upper Channel TL 11600 ish.

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Scalp the Mop, Stepping away. Never know, it may break lower since lift was in O/N

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11625 hit and back up.

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Stall here is drop test to 11620 Top of 1st 30M.

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Bogus ratio, No Strength NAZ in the Open.

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TLX giving NAZ some trouble. DZ is not strong today.

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Pro's are battling it out. If Back in channel NAZ should drop.

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TL is stopping.

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11620 Hit

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Push Pull is back.

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Top of Chanel hit 11600, should hold. Close Short.

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NAZ test O/N High and took out air pocket, negative ticks. Came out of MOP and has run 100.

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Drop bought quickly Bullish.

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NAZ should continue to move higher, needs to pass TL. Long above 11600

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Pass TL and target is 11720

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Should bounce off TL and move up.

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Push Pull is back, Rally over.

Trade closed: target reached

Strong O/N and weak Open Session. NAZ could not take out Open High after significant Drop/Pop. Careful in final 10M.

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Even if NAZ lifts, most likely will head back in the Chanel, next day or so.

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Breaks Open High only after the Close in O/N. The Propping will continue.

MAZing

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MAZing