NQ Range (02-07-23)

Updated

Monday did not do much, at all. Maybe tomorrow we a decent Drop. NAZ should test 12,100 this week. Looking for O/N lift to offset the Open Drop. White arrow is Long and Yellow is Short. Does not matter, we will trade the intraday moves (narrow or wide). Just seems like NAZ will be magically moving higher prior to offset next big drop (thought would of been 2-6).

Note: For those that follow, after 3 years and nearly 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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IDS100, TLX 12459 did take 3 hits and held.

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Magic O/N lift, the Close today just seemed off. It was like the NAZ was being held up. The lift may continue to or past KL 580 to pivot 596 and 643 is POC.

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The circled candle may be an issue.

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The yellow line is Top 1st 30M, Notice how the NAZ could not pass Diag TL but does in O/N. Notice the Close and the Lift back up in O/N. We saw this all of 2022, the point is that these are drop offsets in off session times. These work and do stabilize the markets. Should the NAZ not sell off by Open or in Open Drive tomorrow, the best move is Long as you will not see ANY selling pressure. I made a statement today "the NAZ should be much lower" and expect a magical O/N lift. For some reason the lift is on, may be to offset some drop later this week.

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O/N did not get propped much at all. For the new followers the chart below will show how to Scalp trades based on KL's and price action. KL''s are provided daily and are used when trading. The circles ar opposite direction trades at/near a KL. Your Target is opposite KL and failure to hit is a reverse trade back. The white arrows will show.

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IDS20 is used for Scalping. Used in conjunction with 30M.

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You can review prior day Post's and see how accurate these are or have been going back for a few years. The example above would be to place a Buy near 12478 with stop, let run or trail up (while you sleep). Every trade should have Entry & Target or take profit, the NAZ will come back on you (always dose). In scalping the NAZ you are correct and wrong on the same trade. This is why you have to be quick but not overtrade. This is another reason that I mention to "block the noise", it will mess with your mind as the NAZ snake wiggles all over your charts!! Good Luck today, back later.

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30M/IDS20 View

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IDS100, white arrows will help with next moves out of Box> One of these will happen.

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Circle is Short Zone. No drop, Go Long above KL on retest from above.

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Support at 12550

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No hold at support, look for retry and break above. NAZ in MID O/N Range.

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Tight Range, appears to be drop/testing and may try to take out 12540. Too narrow to call Short.

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Only trades would have been the 2 below.

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KL's are working, still in the Box.

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12640 is upper target for Long, no pass at 12600 is Short back to 12520

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KL 12580 has Short signal. Ignore as Powell will be talking and the NAZ could go either way. Only real movement is when Washington Street gets involved.

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12560 may hold for Long, watch level.

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Current run from 12500 is on 3rd leg, may drop.

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From what I can see, every time the NAZ moves 100 points, reverse your trade. Still in the Box.

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12580 did work out if you took. 12560 pass and now 12520

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May see Drop to 12510 with Pop.

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Just feel that FOMO's will buy 1st and smart money will sell 2nd.

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He said Bumpy, SHORT, Wait he said Strong LONG. Wait he said Nothing ?? Really.

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Could be Short Covering, Slow move but is moving higher. Short Under 12751 if No Pass.

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FOMO's and Smart Soney selling some, 12750 was decent entry

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12640 may hold for pop.

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KL to KL, just trust me. Block the Noise and trade.

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12580 Hold is Long until stall. You have to take profit at KL's

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The idea is that FOMO's and BTD's will lift and once a stall, smart money will short.

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Hold at 12580 may go back up some, 12650 ish.

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12459 TLX should bounce some. Back to 12580

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TLX is retest spot until no hold, should be drop max, doubt 12300 today.

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All that and NAZ is FLAT, Games.

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This type of PA you need to use Targets and Limit Orders.

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Today is close to an Outside day reversal.

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12640 hit.

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12580 should be next

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Careful near 12640

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HL hit needs to pass

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100 either way by close.

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What is happening is that normal reversal levels are getting extended and then reversing.

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No pass at 12720 should drop some.

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Big drop at 12720 or going higher.

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12700 watch ticks.

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12868 is above 12751, should NAZ pass.

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12459 was another U Turn, look for NAZ to retest, soon.

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Any Short would be 12800 ish, it may get there.

Trade closed manually

Most Shorts would Short at 12751, that may not work and the stops are 30-50 higher. Area may be better, just ride Long for now, you should be fine if you got in near TLX.

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The markets only rally big on Gov't Issued News, this will fade and usually does. Back to earnings and fundamentals. These are like stabilizing days and all chase until the stall out.

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Shorts, you need to see 12745. NAZ will not get there. Algo's

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From 12680 Chart, there is the next 100.

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Close Short and 45, strong Short. Not even close.

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Frame your trades

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12745, O/N

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Followers: Everybody has charts that chart typical targets. The ride to the targets is wicked and never in a straight line. The Intraday Scalper Rides each wave and the Wickeder the better. Your points today should be greater than the 220 points that the day gave. Block the Noise and Focus.

MAZing

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