NASDAQ 100 E-mini Futures
Short
Updated

NR Range (01-10-24)

483
NAZ is loosing some juice with move up so expect a Pop Stall out during Reg Session. Circle is TZ (turn zone), KLOD is 16785 (long above and short below). Blue Box is Open Range play and break out lower is looking to leave Channel and potentially the lower FA Zone (orange box). I will update on Teams.
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1st Diablo in 2024, Watch the NAZ under the Diagonal TL
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NAZ will retest O/N low and KLOD for 1st move and gave up the 100 point O/N Prop Lift.
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Open Range should be 16860-16786
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Bouncing on O/N low, normal for NAZ to rotate around Diablo and come back under.
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O/N range is exactly 100 points, move to ML O/N and 100 point move from there.
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The recent move up could be just another weak Drop Offset to the CPI knee jerk tomorrow. This is really the 1st week of real trading for 2024.
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O/R is staying in Blue Box
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Looking for Pop Stall Out
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Play Box , back later going Private and Good Luck.
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16860 100 point move on the way and may be up above O/R Top or O/N High
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Stalling at Yesterday Reg Session High, 16880 and under can easily drop 200 points should a drop test play out.
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Typical Dead Zone lift and may lift some, Now stronger Short under 16868 should Dead Zone lift stall and get rejected above at O/N High.
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16880, setting up 840 retest
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Divergence at 16900, look for drop here
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NAZ is setting up a slow lift stop clean out that will/may have a quick drop test to O/R Top or ML O/R retest by EOD.
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Just notice how NAZ can not get above O/N High, 1st clue with Set Up. May hit FA above and redirect.
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Redirect and Channel break may target TL below. Next few days.
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16860 Long 100 point move hit 16960, did not take. Typical as the FA was cleaned out and looks like Dead Zone Drop Offset. need to see the O/N. Anyway, the lift from 16400 will have a drop test prior to next move to ATH.
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16960 Short to 16900 - 880 retest
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16890 and above has air pocket Divergence so Drop May Happen by EOD or O/N, Just use stop on Short or hold off.
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Air Pocket hit 16900, Short
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Trade closed manually
Open 1st move lower and Close lower from high is selling on the way with higher volume. Careful with BTD
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Channel Break is next test and lower out of channel.
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