NQ Short (02-24-25)

NQ 2/18 Post was playing off the Gap Fill & Drop (white arrow to the left). KL 20,695 just sticks out like "Turd in a Punchbowl", also near Box bottom. KL 21,400 is medium Danger Zone level and expect a U Turn should we get there, no U Turn then 20,695 express 1 way NAZ freight train (trains only go 1 way, Freight's move with heavy FORCE). Notice how many calls/moves are just common sense, predictable, cause effect, etc. No need to overthink this stuff or use fancy technical terms and Go Fed, BTD/FOMO Forever. All aboard the for the Ride.

Note

Update from Friday Post, NAZ does pop back up to Bingo #2. In O/N and up as usual.

Note

Range for the day and Monday 2nd half of Friday Long play may try to get above Orange TL.

Note

KL 21,820 resistance goes back to 12/11/24. Needs to pass and stay above for a Long move.

Note

2/25 Update, YTD Open price basically hit and U Turn time or lower target at 20,695

Trade closed: target reached

2/28 Update, KL 20,695 hit. The Punchbowl was spiked. Final day of month and it is a Friday, looking for sideways to up some and the range is set for next month. Keep it simple and play the KL's.

MAZing

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

MAZing