NQ Range (12-01-23)

Updated

On Wednesdays Post I mentioned that the NAZ would try to Short form a bounce to 16120, got to 16100 and dropped to near KL 15840 (just above FA and Danger Zone). Thursdays Post had 2 calls , Short under 16080 and cover Long at 15865. The same tricks are in play with Final 10M moves and the O/N. Yesterday we saw the 100 point move up in final few minutes and then additional life above KL 15939 with rejection at yesterday Mid O/R (16000). Friday and 1st day of December may see some buying and if not we should see a test below at KL 15840. Blue Box is U Turn Zone and NAZ needs to break out, Yellow arrow is Short and White is Long, above 16000 is key today. KLOD 15955 with Mid O/N at 15970. I will update on Teams.

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Watch the Diablo today, Red Line.

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U Turn Zone update

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ISM at 9 and Powel at 10am CT today. ISM lower and Powel higher for Friday BTD/FOMO rally, final of the year and if so, this will be faded.

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15945 Hold is a Long back to 15970, Diablo Break is the idea.

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15945 is KL for Long above and Under is stop clean out, 1st move should be up from here.

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15945 break should retest 15960 New ML O/N and then 16000

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15880 is Long above

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15910 to 880 is range for break out

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15880 Long hit KL 15984

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NAZ in Mid TZ, not great.

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Upper Target Hit and back to Diablo, Maybe.

Trade closed manually

Just not surprise that the NAZ is Flat in the Final Hour, the final 2 minutes may show something. Have great Weekend and good luck with balance of the month.

MAZing

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