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NQ Short (01-18-22)

NQ Short (01-18-22)

NAZ had double top Thursday at TLX 15997 (Mid Box) and is now most likely targeting TLX 15194 or 15079. The most recent low of 15143 is in the middle of the 2 TLX's, very likely we test below prior to a next leg higher. Yellow Diag TL is your guide lower, NAZ should rotate around the TL as it declines. Use IDS to play intraday moves, set ups and such. TLX's in opposite direction and wait for the retest. Traders are not economists (block the noise), their timing is usually off. Just a thought/question: If smart money shifted Big Tech holdings, would though want Big Tech to go down or up prior to buying back in? If down, one play to push down these can be accomplish in low volume Overnight session. A 2% hit in Overnight is pretty serious. May see Drop/Pop but count on it. Will update as we go, should be a good one today.

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