NQ Range (08-25-22)

1323
Really whippy PA in O/N and Open. The range will be the two yellow lines with a Red TLX. TLX is Long above and Short below. Decent Prop Offset today, did not hold at high and gave it back. The Danger Zone will be defended by the Riggers.
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Past 2 days we have seen drop/pops from O/N. I think we see the opposite tonight with a Pop/Drop and maybe a Pop off lows with J Hole magic. Markets will pop off anything that is said from lows of Thursday. Only to give it back Monday or Tuesday. This would be a net loss of very little and continue to stabilize the indexes.
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Last night and today, 5 and half legs and only net gain of 50 points. NAZ is clearly struggling to get higher and look to sell any decent rally.
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Prop session in play to TLX, usually a urning point. Wait for a retest if shorting. When shorting or going long, look for divergence and a retest.
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TLX rejecting the NAZ. Another idea is to place a trade at a Key Level in opposite direction. Example would be to place short at TLX on 1st hit, let drop and take profit. Do the same for the retest and take profit or let it run.
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Playing high probability trades with more contracts for 10-15 point hits is like a 30-50 point runner on 1 contract.
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From TLX the NAZ did go Long. We saw a 5 minute 100 point move at 2AM CT. Just hilarious and this may be a tip that the NAZ is going much lower in the Open. I have said it for 2 years, most of the NAZ gains come from the O/N and sell off or go net sideways after the Open. This obvious Rig Prop is for a reason. Always plan/think ahead when you see strange price action. Like I have stated, they will all possible to keep the NAZ away from Danger Zone. This is just some added cushion to offset any negative move that may come tomorrow.
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Divergence on the Long and back we go. The pop test up could also be a test to see if it would hold and it has not. This is bearish, although it may retest up again. Just never buy after a pop or short after a drop. Trade on the edges in the opposite direction. We may have thought that the TLX was the upper edge an looking short, I did have the upper level as high. I would think this new high is our upper edge.
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Another view is that the Riggers tried to get trough bottom of Channel, they did not.
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These are extreme edges to look for. We are now at top of one channel and the bottom of the longer term. Keep these levels in view as low volume sessions do tend to exaggerate moves.
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Watch these levels today, stepping away until mid morning.
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Todays high is the bottom of 8/10 CPI "air pocket" 300 point 5 minute move. That AP got sold off once and should do the same if tested (in normal times).
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TLX held look for retest. 13060 is resistance.
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NAZ will most likely stay in O/N range.
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Lower High for now, may try to get through.
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Always no new growth in Open, never happens.
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Short at 60 with 30 stop.
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Stop at 65
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Stopped -5
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Prop run up, then drop.
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Big drop coming.
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Wow, may try foe extreme.
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Looks more like Prop play. Vertical from 50
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Shorting at 13101 or near.
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1st target is 50 stop at 13110
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You can the prop of 50 extra points from 50, this usually gives back.
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Break 85, then 50 then top of 1st 30M. Last trade if stopped. I just can't go Long.
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Stopped -10. Don't listen to me today. Just not buying this.
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Normally this is a Great Short set up.
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May be steps lower with speed picking up. Long Trap, Air Pocket, Head Fake all in one.
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Prop Drop Offset did bust. Stops Kill.
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Like I said, NAZ can never hold gains above O/N high. May retest O/N high then drop.
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Under top 1st 30M and now bottom 1st 30M test.
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This PA suggests a major drop on Friday. The excess lift is used to offset the drop and is done in the O/N. The Open NEVER can hold these fake gains. The Dead Zone has also been used to rig things higher. What is real strength is what needs to be analyzed. Notice the good counter trend trades at the edges, now we are in no trade zone as we are in exactly MId Range at 13020.
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If anyone knowns of a good book that focuses on Stop Placement, let me know. Trade here could be use Mid Level as Edge and go in the correct direction with target at top or bottom. Let me know the correct direction.
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85 is a potential short level.
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If so, 50, 20 and 00 are targets.
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NAZ will most likely drop back to Mid Level by EOD and be propped back up in O/N. NAZ just playing in the established range. No new growth in Open is almost a guarantee. You can short with stop just above O/N high. I am flat as I was out. 85% retracements are normal. NAZ still in O/N 100 point prop, the big short is when it gets lower than this range. Funny fact is that the buyer are providing the shorts with supply to short, this is the whipsaw. The drop only happens when the buying stalls.
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Buy signal and Short development.
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H&S kind of on 30M.
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If shorting wait for retrace back toward 90 95.
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No retrace, pretty weak. Could hit 50 and bounce. You get the idea.
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1/3 of previous run buyers are trapped. Bounced off 62, good divergence here. stop at 95. short it as it climbs up.
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should retest 62 1st on long and 94 on short.
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odds favor yellow arrow on left (normal days).
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This is trading on the edges and is hard to stomach. It does not work all the time so have a close stop.
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Lower stop if you are getting nervous on short, should hit 62 nd drop.
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Here we go, Yellow are targets on drop.
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Lower stop and sit on your hands, watch the Ticks.
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Drop is early so may come back up or really drop, stop at 65
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62 tested and rejected. looking good.
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Lower stop to 58
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Stop hit +30
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Look to reverse or reload in range of play.
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Should of seen it but NAZ hit top of 1st 30m high, Pop to 62 for next decision.
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Divergence still, no idea why it is here and will not drop.
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העסקה בוטלה באופן ידני
Decent day, just no buying the float. Just seems too easy and when ever that is the case with the NAZ, you get burned.
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NAZ is showing 20 points or so of Open Gains vs O/N, this never rarely happens and is just another red flag
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200 point day, 100 in 5 minutes in middle of night and 100 in final 20 minutes. Not real. Total prop, O/N and DZ are back to lifting at all options. NAZ now far from danger zone and job well done by riggers.
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NAZ almost got to extreme, stopped at TL.
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NAZ out of the Box. Back in tomorrow.
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