Short

Updated

NQ Short (05-13-25)

The move up from Danger Zone U Turn at KL 16,365 on 4/7 has been sketchy at best. These are better viewed on the NDX Daily chart. Below is YTD NDX, notice the multiple Gap moves up and away from the Danger Zone (16,790 on NDX). Looking back, gaps usually get revisited and when you have 3-4 there is higher probability of a gap fill.

The NAZ 30M chart is showing the channel to play as the NAZ just popped to Top after the Sunday gap open and 2am 350 point 25m move. Sunday had a gap and a massive 2am move. NDX chart looks like Swiss Cheese and NAZ (NQ) chart will break down the gap that created the Cheese. It is all Cheesy Price Action.

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2000 Tech Bubble, look familiar

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Bottom left is Covid, then we had the pumping of Fed Cash lift, retest in 2022 and retest now in 2025. NAZ is up 20% in past 3.5 years and 12% of that came in 10 minutes with "time to buy" tweet. DZ revisit is likely should/when Gap Fill move takes place.

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SPX view, markets may not drop big as you can see that they are being stabilized somewhat. The other play would be the sideways Dead Zone, view the 12 years DZ after the Tech Bubble.

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From yesterday's Post, Long Set Up to target and Reverse or Short countertrade.

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Reverse to lower MA's on rejection

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Stall drop Target passed MA's

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Has to get back under 256 for Short.

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Unless it is going to ATH or 22,800, it should fall back.

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21,050 1st target.

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Head Fake above 256 to 310 or stop above. No break through should drop.

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NAZ is moving higher in Reg Session today, did not need the O/N. Will need to see if it holds.

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Prior drop was 42 days and this lift is at 36, may see either by 42nd day. 1 way and then 1 way is how it has been. Games in the range and the drop lower struggled as the lift up has been full of short minute rocket blasts.

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NAZ is just above 310 and has been rotating around for hours, Going Short into the O/N. Scalp Trade.

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Next target or going back up

Trade closed manually

Today the Open Drive actually went up and that is rare. Getting backwards as we travel higher and higher. Still need to see how NAZ handles some drop tests lower before the moonshot.

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21,444 is 85% back up from low and this may be max lift, look short under.

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Range for O/N and potential move prior to next week (drop now into next week). The following week is a Holiday and look for the Moonshot during the long weekend (next week). Drop test now with run up during next Friday Holiday pre weekend volume would be the idea.

MAZing

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MAZing