Futures NASDAQ 100 E-MINIAggiornato NQ 1st Quarter 2023 Update (01-17-23)
On 12/27 I posted the 2023 1st Q Forecast, so far looking as planned and may see drop near 11,700 - 800. BTD's & FOMO's helping the lift. Will update as we go.
Nota
TL Chart, 11,933 may be max lift should NAZ pass 11,700-800Nota
NAZ 6 days or gains, Since recent bottom the NAZ has produced the following:800 point move (buy/Hold)
Trading major moves 2,198 / ave day 366 / ave trade 314
ave Long 382 / ave Short 224
Mentioned in many December Post's that the drop seems slow and NAZ was struggling to get lower. The recent pop was expected. The next drop or drop/test will move very quickly. If you are Long or buying the dip, place a trail stop. You can see by the recent run averages that we are 1 Long Trade away from 12,000. Should this or any Long trade get rejected at/near major levels (11,800 - 12,000) that is when the quick drop would most likely come in.
Nota
Not sure about Monday Holiday PPA, looking at Box Zone for Monday O/N into Tuesday set up. Nota
NAZ may break out in O/N Prop Action Zone and just head higher to upper target and stay above 11600 level. This is likely. The normal move would be to drop and retest 11500-450 level, prior to run. Either way, NAZ should stay in the Box until Tuesday Open Drive.Nota
Pay attention to the Mid Channel and Mid Stoch on IDS50. Past 2 days the NAZ has been consolidating to go higher or fail then drop to and out of channel.Nota
100 and 200 MA may be upper targets or turning points.Nota
KL's for O/NNota
KL's On drop, Long above and Short below. On lift, Long on pass.Nota
IDS20, ConfirmationNota
No ConfirmNota
For O/N and Tuesday. NAZ under TL, rejected. Strong Short under 11500 - 470. Long on Hold back to TL.Nota
Look at the spaghetti chart above. 11564 KL goes to 11520-00 as the drop test should play out. IDS20 belowNota
Try this for TuesdayNota
1st Turn Near TargetNota
TLX Hit, watch 11556Nota
11440 break to 11200, NAZ did turn near target.Nota
YTD, NAZ still in the Box after 8 Sessions.Nota
Let's see how this plays out.Nota
Retest prior to next attempt higher. Nota
NAZ rejected near KL 12069 and may be going to 11650.Nota
NAZ went to Top of range, I am extremally Bearish as NAZ is at top of expected range. Looking for a pull back.Nota
01/30/23 weekNota
Nota
12500 hit, Not sure we see another 1,000 points.Nota
2/3 Intraday call/price action hit Key Level 12868 was rejected and fell. This is near what appear to be a area where we could see another drop tp 12,300.Nota
Trend angle getting pretty steepNota
NAZ is on KL 12329, should retest and bounce Monday 13th.Nota
NAZ in 300 point range,Trade chiuso: obiettivo raggiunto
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