NQ1 and current contract are off 100 points, new contract (June is out on 3-17). Going to zoom out this Post. NAZ did move 700 points last week and is at bottom of last forecast. Still looking long as the struggle to get lower is still apparent. Not to mention the O/N prop lifts and Dead Zone busywork drop offsets. Last week's range was 700 hundred, if you intraday you will see 300-400 per day and that is the focus now. On this Post, Long above yellow shaded Box and Short below (keep in mind the NQ1 is off 100 points). Charts below are longer view and I will update intraday as I can throughout the week. Again, Forecast is a guide and not a guarantee. The Intraday movement is the opportunity/challenge as you can't turn your back on any move these days. The 1 dimensional trader/author, not sure what they are doing/thinking these days.
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 weekly post's through the end of March or until new program is ready. Thanks for following and all your support.
Chart below, Yellow Zone has been a support channel for a few years.


Another Bridge that fell.

Angle, 3 peaks and lower. Looking for 3 bottom and Pop.

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 weekly post's through the end of March or until new program is ready. Thanks for following and all your support.
Chart below, Yellow Zone has been a support channel for a few years.
Another Bridge that fell.
Angle, 3 peaks and lower. Looking for 3 bottom and Pop.
Nota
KL's for the week. Long above Yellow Box and Short below. Shaded zones are retest targets. Usually a big countermove starts with a one sided weak play, this appears to be already in the works from Friday final minutes and brief after hours. Just watch the tricks this week, they will be out and trying hard. Again, limited updates intraday unless I have the time. Nota
NQH on all KL charts this week as NQ1 is off or changing KL's. Chart above and any KL charts I post. CME Group contract volume was very high on Friday and Open Interest was up. High volume down day, what we are looking for. This is for either direction.Nota
Volume Fact: QQQ 3rd lowest weekly volume had the highest weekly percentage move up YTD (4.5%). If you go back you will see that the O/N NQ filled the gap with afterhours propping which would displace the volume from Regular Session and place it in the Magic O/N (middle of night) fake zone. Games and Tricks, not sure why nobody talks about this. Price Action with Volume is the best indicator. Use KL''s and let your trades play out.Nota
Rigged so be careful if you are looking Short early.Nota
Back in morning. Regardless of any negative world markets the NAZ Riggers will keep NAZ stabilized as close as they can til Open Session. Open Session may get tricked into going Long and at any stall the 1st drop test will show up. NAZ dropping prior to Open would be ugly.Nota
No Fed No Rally, SBV Bailout is Fed and NAZ pops 200 points. Go Long as Fed = Rally. Was expecting relief pop and Not the Fed, extra bonus.Nota
10YN Yield up big, VIX up 12%. Open will be wild, EU are lower 2-3%Nota
FED backstop of Banks may actually make markets more skittish. May see the system/exchanges breakdown today.Nota
Going to need Magic Dust, Bigfoot, the Tooth fairy and all magical players to work the magic!! BTD/FOMO's will bail. DZ will try and fail to lift this one.Nota
11890 -11680 is Range.Nota
11880 may dropNota
880 dropping, under 963 back to 680Nota
Needs to get under 840 and stay under for 680.Nota
Trust nothing on way up. Will need to retest lower to confirm the SUPPORT. Back Later, DZ will use Magic and fairy dust doe be careful.Nota
Typical DZ Lift and drop offset so far. Not sure this will get above O/N High of 12100 but may try.Nota
Hammer Short at No Pass above Turd Top.Nota
Watch as Turds get Flushed on Super High Ticks. They just rope in the Easy Traders and whip them silly.Nota
Short to 11900, past 963Nota
963 retest and must Hold or lower We Go.Nota
Under Turd Top, rotating around.Nota
3rd Turd needs to get to 1st.Nota
Ba Bye, Same tricks day after day after day. Thing is that they work just enough to offset big Drops. Back Later.Nota
No Pass at 050 will try 940Nota
Heavy Duty Divergence at 025. Watch the Snap out NAZ may breakout here, DV is hard to read. I would think the NAZ will drop as most of this is fake. Back Later.Nota
Retest #3 at 050, needs to pass 12100 now, watch the head fake if you are Long. BTD/FOMO trap most likely.Nota
1 minute until result.Nota
30 minute M is all you need to see.Nota
When the NAZ can not or does not exceed O/N high or takes all day to try, that is not good. If you are Long do not worry, any drop here will be replaced with lift in the O/N Session. Any lift here, will zoom to the stars in O/N Session, then sell off prior to Open or at Open. Playing Short to Long Reversal for O/N Prop Starz. CPI tomorrow so the Prop Drop Offset in O/N is highly likely. Thinking drop/pop for better Long.Nota
Current Game Plan: Short at 12075 to 11940, Then O/N Reverse after stable support to Long for what ever lift they pull, close prior to CPI release and Short the Tuesday Open for DROP.Nota
closed Short for 110 points at 11965Nota
Will wait on Long or in O/N.Nota
Done for day, will check in tomorrow. Rigged.Nota
Note: I use CME Group for Contract. NQ1 is not tradeable as you know. I will be switching to June today, NQM2023 as this is matching NQ1 pricing. Will update chats later. NQH2023 will expire and the June volume is now higher.Nota
I have seen enough, NQM2023 Long at 12090 with Stop at 11900. Take profit at 12300 on knee jerk FOMO trade. Why fight the herd and the riggers that trick the herd? Could be wrong, got points to burn. NAZ has been balanced and has had many opportunities to get lower, "NAZ struggles to get lower" like I have been saying. This has been the story for over a year. These indexes should be way lower and may get there, just not this week. I will be back mid morning today, good luck.Nota
Funny, go back to my comment 16 hours ago. Hard to believe it is that easy as that is playing out, again. Sloppy Rigged.Nota
When that stalls near Open or after, Strong Short may be the play, but I doubt it.Nota
With the Banking issue, do you think they will pull a bad CPI number? Think about it, that pressure would be the break or should be.Nota
Back later, I believe the sideways grind is just building strength. May see 1-2 more drop tests then some bigger move higher.Nota
Above, 12060 NQH stay Long, PB Coming.Nota
12060 PB is likelyNota
Bounced off 106, 1st shaded may pop here.Nota
VIX, Crude, 10YN all lower with Dollar up, may get strange on stall today.Nota
Back later, 150 of 200 points up are from O/N, keep on eye on Ticks and O/N high.Nota
Rig may stall, place trail. 12190 NQHNota
12117 pbNota
12190 to 11230 is range on NQH, Short under 12230 at no pass and stay above. 12350 is upper target on Long Pass or stay above 12230.Nota
Watch for a Turd POP and stall out.Nota
12160 1st drop test. Under 12230 and then 12190.Nota
Dead Zone Drop test time, look for 12160 1stNota
Watch Ticks under 12190 and ride the wave, NAZ may not return back up.Nota
12160 pass is 12100 next.Nota
These may bounce, this is Magical Dead Zone. Back Later.Nota
Ticks pushing hard on DROP.Nota
Best to just get out at targets, you can always reload.Nota
Drop may be stop clean out should NAZ pass Diablo.Nota
On last Drop, you would Go Long above 160 expecting retest of 190 and 220. Have to be quick and I can't type that fast. May recycle few more times on Stall out.Nota
I do not see any viable upper targets other than 12230, NAZ may stay under or drop today. Will be back later.Nota
Back under O/N Rig HighNota
12060 Shaded BounceNota
Needs to pass 12117Nota
12117 may reject hardNota
Typical Bear market PA.Nota
Once again only gains in O/N and NOT Open Session. Rigged may pop but getting weak.Nota
So far yesterday Close play has worked out well, this may sell off by EOD.Nota
Under 12160 stay Short. Diablo and Top 1st 30M.Nota
Should NAZ stay Under 12117 look for 11940, Range is 117 to 160 for next move.Nota
BTD/FOMO Head Fake, so easy.Nota
Here we GO, below most likely.Nota
This will no go to 12230Nota
O/N to Rig higher and NAZ needs to stay above Diablo and KL 12117. Will update more tomorrow.Nota
Great book's that would help: Mind Over Markets and Markets in Profile, Dalton. Start now as it will take a few years to get this cold.Nota
Many of you have been following me for a year or longer. By now you should see that the 1st move of the NAZ is a set up for the 2nd bigger move (usually). The whipsaw is the trade and is a package deal. Embrace it and and enjoy it, just need to practice some and it will flow.Nota
Watch 12180 - 12030 for next range or drop under 12180.Nota
I will be out this morning, play the range. Yesterday's Close Pop looks like another Drop Offset, RIGGED. Flash Crash in not out of the cards, just think we need that.Nota
12180-40 is No Trade ZoneNota
12140 seems to be amazing support as is being defended. I would say that Long above for a scalp and strong Short below should NAZ get under and not get back above.Nota
12140 did pop to 12210, may be last pop for the day or morning.Nota
A lower O/N session is very when NAZ is lower more than 1%, this may get ugly or be 1 way lower day, Careful on Dip Buying today.Nota
NAZ to 12305 or 12100, NextNota
NAZ has some very strange upward PA today, just will not drop on very negative Ticks, This may breakdown later, Careful Shorting until.Nota
Crude way off, Dollar Up, NAZ should be way lower, Rigged. Flat for now, will check back later.Nota
Stay out, This is not tradable.Nota
12140 and above Scalp appears to be working. Strong Short blow.Nota
306 may be itNota
Pretty sure NAZ will Break 140 after Dead Zone. Can Go Short with Stop above 310, if you are Shorting, watch Ticks. Long too and reverse at stall. Pass 306, let it run.Nota
12306 hit, watch 327 and stall out.Nota
Hard to do, you need to place trades at KL's going in your direction. Let run Scalp and repeat until the move plays out. May have 1-3 trade scalps prior to bigger move/target. 12140 Long and now 12306 Short. PA is just doing nothing but playing in the KL Zones.Nota
Kind of funny, I have seen these types of days just wiggle so much that they confuse & shake you out of the correct trade. Vertigo!Nota
12240 Shaded Zone is Hit.Nota
12180 should be next, I just can't see how it would not. Anyway Scalp the Short at 240 from 280, for now.Nota
240 to 310, 310 to 12180?? You get the idea.Nota
12327 pass goes to 12380, for you BTD'sNota
Short with a Stop or Sit Out on this one. May wan to wait until final hour or so until these fake wiggles subside.Nota
POC, Value Area's are dropping some , from yesterday. Very slight, may be nothing or the start of drop. Why is NAZ stalling if so strong?Nota
290 Turd Try Here, may work hold on short for now.Nota
Turd gets flushed trail it. Many times these will trick traders and BTD'sNota
No Short for now, Buy this if you want I am waiting on this one. 315 and up looks fake.Nota
380 HIT. for you Longs. Carful 305 and up may come back to retest.Nota
Edge Trade Short from 12380, target 12300ish.Nota
The entire day just seems too convenient to lift, worth the risk to go Counter on this one. If stopped will reload, back later.Nota
Stop at 380Nota
Stopped no loss.Nota
409 will hold NAZNota
under 409, target 300Nota
Normally I do not use stops, today has had a strange lift, all day.Nota
O/N, DZ and Close are Random and usually whippy then they drop. Trying to get this one in O/N to Pump up.Nota
Done for day, will check in tomorrow. This is a Long Trap.Nota
This will need to race up and it may from 320. Won't get passed 380.Nota
Delayed Turd Flush of 290. See how they take it about 50-100 points above Turd Start, need to gage that better. Normally it is 50, today is special as they really want to offset.Nota
Back to Turd Top. Needs to stay aboveNota
NAZ with another final 10 minute 100 point pop. Volume is decent, we may see some Long movement or this is just a set up Short. I am looking long for the week, PA just seems to be jittery. May see a huge Prop move tonight, prior to higher Open or then massive drop in tomorrow's regular session. No drop in Regular and we have a true push higher.Nota
Asia markets are lower, still not quite understanding the US Lift in Futures or the NAZ EOD rally. Most likely looking Short at 1st stall out, pre Open.Nota
Strong buy Zone is 12360-30, Drop/Pop at Open and a stall above O/N high may see sideways to lower. Not feeling Short play, besides if NAZ does drop they will just pump it 100 plus points in final 5 minutes of the day.Nota
Above 380 we should see 480, stall at 480 and expect drop test. Below 380, 360-30 should hold for 480 attempt. NAZ moves in 80-100 point lots, like 460 drop to 380. Any deeper drop should come after the upper test like 450-480.Nota
Past few trades have been Long Scalps from KL 12380 or above. You could of shorted to 380 from above (when I called it), then at KL (380) go long with stop until 380 breaks. KL trades are 20-30 point scalps and do add up while the NAZ relatively goes nowhere. Markets channel or bracket (sideways) 70% of the time. Actually more points here than the rare and illusive runner that you have 1 shot and have to be perfect. Anyway, the KL's set this type of trading up.Nota
Above Note: the 380 Long scalp is good for 2-3 and after than 380 may break.Nota
Depending on the other indexes, 420 may be high set up for the 327 target. Keep in mind when/should 380 break.Nota
Switching to Shorts now, back after Open.Nota
retest to 330 is possible.Nota
280 Zone hit from under, watch 330-380 until break.Nota
Open Range is complete, will move above, inside and such. Stall may fall today under O/N High.Nota
12704 is target HighNota
NAZ will trade between 12600-700, current high 12668 and close to 12704 target.Nota
Needs to pass 640 or back to 590.Nota
Range 590 - 650, closing Long at 12635Nota
Push/Pull showing up. May get whippy.Nota
590 break, 550 is next.Nota
Dips being bought, this may go to the moon and beyond. Good luck and hang on.Nota
So 680 is 45 above 35 (my out). This is normal as they tend to lift it 50-100 above prior to drop. May not happen, just a pattern. Mentioned 12600-700 as range, stay with it.Nota
10YN yield going Up, may see some profit taking by EOD as NAZ is up big in few days and near recent high. No stall and this will keep going. Back later. I get out because I use 5 or more contracts and get nervous when this things slightly stalls.Nota
The other clue is why would we see a Turd here? No Turds all the way up.Nota
Held at 637, Watch the Turd zone 635 to top.Nota
Under 690 should go 590Nota
NAZ needs another 100 points, lower then up or just lower. 640 Break is lower.Nota
590 or 810Nota
above 665 should go to 810, watch Ticks. 30 point stop. Long Trade. Next 100.Nota
one more final 10 minute push and we can Short tomorrow.Nota
relatively low point day for the NAZ, will make it one way or another.Nota
680 stopNota
very strange past 3 days, on at 680 and stop at 680.Nota
NAZ up 14% YTD, should see Pull Back 15 or so.Nota
690 retest should popNota
Popping/holding on normal Ticks, crazy. POC is way below. May trail this on quick pop move.Nota
Stop at 12705Nota
12800 Take profit, will be quick.Nota
12730 out Plus 50Nota
740 no pass may try 630.Nota
Final 10m may be dropper today. Will update in morning.Nota
I find this interesting and may be a bit cautious. While today was broad based and strong, the shaded zones will (or have been) may be retested. I am glad that I did not see this during the day, I may have gone short. There are many failed auctions below, these will usually retest. Just something to watch for.Nota
Note: So the system/technique that I use to forecast has been accurate. The chart below shows weekly POC (yellow dash), value area high/low (purpleish) and we are way above, currently. The pop up has retest zones which are shaded. The zones usually get retested (can take days or weeks), depending if POC moves up and VA expands. Price is way above value at this time and will most likely move back to value. This and the fact that the NAZ has moved 1,000 points in 4 days. I may expect a 150-200 point pull back, may be quick drop/test.Nota
12680 break should go to 12590.Nota
You would Short near 12730-50 after stall. Back later.Nota
DAX had a gap fill, NAZ may pop some.Nota
NAZ needs to get below 12692 for bigger drop. Not sure what is holding it up.Dagangan ditutup secara manual
12810 Hit and Short Trade at no pass. The drop to 660 was long set up to hit target and may now decline at no pass of 810. Tricky, don't look at me. Out for balance, have a great weekend.Nota
12630 Hit and 590, this may pop up some. These are the retests so far more below.Nota
Long scalp above 660Nota
Quick note: Another way to use my info is to take opposite directions trades at/from KL's that I mention. Example: Short at 12810, regardless of what you may think, stop above. Short Target is KL 12590, reverse at 590 (after hold/confirm), stop behind 590. The issue with 12660 is that everybody wants to take it Long and they get whipsawed. Not a bad trade, but taking it from 590 would be better. No pass at 660 and 590 and below is target Short. At 2-3 hits of 660 and no pass, Short to 590 and below is trade. I will provide more in private group, hard to update here. You go review over 500 post's to check the success of KL Opposite Direction trades. The magic with trading is with the Entry/Exit and the KL's are the only thing you need. I started with Short/Cover, missed pop Long, got Short lower and was out at KL 590, flat now. 12510 is top of weekly VA and NAZ may go there should it not pass 660-90.Nota
Here, assume you are Long from 590 and trying to pas 690 (bottom 1st 30M). Passing that is 730, failure there is 12520 (should 690, 660 and low not hold). It is like a game.Nota
Last Note: If you play today well, it will generate more points than yesterday and the NAZ is only lower .40%. Much more to go.Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.