NQ Targets (08-12-22)

1429
No growth in Open. The NAZ will be propped in O/N and sell off in Open. Range for the day and China should come back as issue. The recent lift was to offset the next few moves lower.
הערה
1st O/N prop attempt was rejected at 13353 (key level). The NAZ should decline tomorrow, so the Overnight action may be the opposite. Or, we see real movement and get a decline in O/N and potential decline in Open. China is lower at their Open, weakness is the mood. If a prop is attempted 13415 should/could be max lift, FYI.
הערה
NAZ did get propped to 13407 and is now at 13374, the slight lifts every night are used to offset any drops in the Open Session. This is why I warned of the idea the NAZ would lift in overnight. Now 13353 is support and 13407 is resistance.
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Use 2 TL's as guide
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13354 may try for lift back to near high. This would be prior to next drop test and 13350 is near Mid Level of O/N action.
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13371 is a TLX, may struggle to pass.
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Slight clues, 13367 rejection, near TLX. 13350 - 71 is test range. Still feel lift in these markets, may be just O/N action. Other markets are higher.
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TLX 13371 is holding as support for now, multiple hits. Long above and Short below.
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13270 is in play under 13350
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40 point whip moves, hard to tell which way this will break. This is just summer PA, when stalls go opposite direction and the repeat. 13456 is a Short with Stop above. Stepping away.
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Not feeling the 1 way back up today, looking 2 way.
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13456 Short, you need to Scalp up and down.
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Every trade is a 40 point chop, FYI
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Under 13440 should hit 13380
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Close to 13380, NAZ still above Diag TL
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NAZ still can Not Produce any Growth During The Open Session, See A Pattern.
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Expect a lift off 13390 80
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Lift to 13430, stall and Drop or sideways. Stepping away.
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13435 may be next test, Top 1st 30M. Could Short is no pass.
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OK, now NAZ on top of 13435 and will stay higher as long as above and look Short below. This is a tricky spot, Back Later.
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13512 is upper limit on Lift.
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Dead Zone and O/N 1 -2 Punch, They are good, just amazing.
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No pass at 512 look Short
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13455 is next lower target.
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NAZ may go all the way lower, should it pass 55
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Strong short from 88 place stop at 95
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Lift then quick drops, sign of turn.
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Stop hit -7
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move from 13480 is Vertical, usually not real and rigging.
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13512 is Short Zone.
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13500 or near should see drop. Ticks do not match Price action
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NAZ is just Vertical during Dead Zone, This has to be the last run or opportunity to stabilize.
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NAZ is FROZEN, Never happens. Short 1 at 13500 With stop at 13515. Stepping away and final trade. Now NAZ did not lift and High Ticks.
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Stop hit -15
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Should see selling near close.
העסקה בוטלה באופן ידני
Too easy, no selling. Was not expecting the DZ lift so strong
הערה
TLX was major support, reliable and should of seen this.
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NAZ did run higher during the Open, still at high of O/N from yesterday. Look for propping into Monday.
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These easy days are too easy. We look for what we want and not what is happening. Will work on that.
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Compare a choppy (struggle to get lower) down day vs today, Lifts with ease and down days struggle to get lower.
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This is what did not add up today. Falling net positive volume and Rising Price. This is a air pocket that will pop. The major push up was not supported with volume, hard to figure why?
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Just looked at CME volume, Friday was 2nd lowest volume day since 7/1. This may explain the strange PA and final 1 to 1.5 hour run. When you sit back and look at all of the odd events, times and results of this most recent push up, you see a large number of strange, odd, off session, overnight, 3 minute 200 point moves up, etc. The fact is that the Open Session (normal day, normal volume) will not go higher and stay higher. Look for new growth beyond overnight prop up and you will see very few. Friday was a easy for the same since the volume was so low.
הערה
Pretty sure Friday was a retest of recent high, expect rejection and failure to lift higher during the Monday Open or Tuesday Open. Previous (March) run did climb higher during same time period and NAZ well above TL (will have to come back near). Viewing the recent move up, I just do not see true/pure strength behind the move. We are just back to the O/N prop the failed to go higher and then sold off, gets lifted back to on a Low Volume Friday during the Dead Zone and strange close.
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