$E-mini Nasdaq 100 - main 2312(NQmain)$
NAZ under yesterday O/N High, Diablo and under Blue Box Top (14475). Mid Blue Box is 14350, Fib Level at 14375 and Gap at 14300. NAZ is sitting on TLX 14427, bottom of channel and KL 14403 may be a bounce zone back to KLOD. O/N mid level is 14457, The KLOD is above Mid O/N and trend is lower today, may see channel break and Gap Fill.
FED Day, I normally do not trade, though I would pass along. Just keep in mind that the prior two day lift was weak and did have much O/N help with a Sunday Gap Open, may be just another "Air Pocket", Drop Offset prop job and will have to bounce hard off something to take out recent highs. We do have a huge FA below at 14125. Drop/Pop could be in play or this could be a Long Trap from past 2-3 days.
Comments