MAZing

MAZing Updated 

O/N setting up a drop/pop off TLX 10900, Retesting now. Should bounce to 11000 1st and may see retest of TLX by Open. Lower targets (10700 & 10300) would come after the stall out of bounce failure. Not looking at today, could be next few days. Will update as we go.

MAZing Updated 

Month / Quarter end trading day, might get busy bouncing around with no direction. Yellow shaded box is No Trade Zone, white arrow Long / yellow Short. Stall near top/bottom, go opposite direction. Red arrow is general direction in the Fan. O/N will focus with 11254 break and works it way up until rejection. When you look at it, NAZ is jut below lower channel and...

MAZing Updated 

NAZ out of the 146 day Box, which was slightly longer than the usual. Key Level targets are below inside the Channel. We are also at Double Bottom and will need to see how this crucial position plays out. I will update the Monday call with a Monday Post.

MAZing Updated 

That was not THE Bottom. Long above 11509 (White line and top of channel) and Short below. Strong Short under Box Bottom (yellow line) and Strong Long on hold at yellow line, bottom of channel is lower target. NAZ expanded the channel on upper and lower, Mid Channel (red dash) is likely target for support. Today just did not have enough force on the action higher....

MAZing Updated 

The challenge is the O/N prop confusion. Today was an outside day reversal and we are near the bottom. NAZ was boxed out of the Box and the O/N fake rally was sold off and could not get back up. Going with O/N prop, Open sell off and YTD low bounce. Will update as we go.

MAZing Updated 

NAZ trying hard to get back in the BOX. Propped up 100 or so early in O/N, been the game plan all year. Look for NAZ to bounce off orange line and break through the Box toward upper target. Likely the next move is higher for Tuesday, this will be better position for a better Short for Month/Quarter end Short Trade on Wednesday. Will update as we go.

MAZing Updated 

NAZ trying for the Box. Looking for slight Drop/Pop at Open and range bound until it breaks through white line channel (red dash is center). Will update as we go.

MAZing Updated 

May 14, June 6 Post update and projections. Half way though the 108 day (average box range period), going with next likely move. NAZ should travel upward towards mid to upper channel. Fib .236 & .382 are next targets. I Believe the recent rejection of 12200 level was a Drop/Pop set up for a bounce. Just not seeing the downside strength to take it lower. Overnight...

MAZing

Look for NAZ to bounce some prior to next drop. Just thinking a Technical Bounce here. The chart below was published on 2-14-21 (one of my first posts) and is a 1998 NAZ Replay.

MAZing Updated 

NAZ is lower half of channel and near Box Bottom. I see it holding and staying in range. O/N price movement is so slow, I can't make much of it. If O/N is slow then Open session may be even slower and that may lead to a lift in the Dead Zone. Here looking at Long above 11430 with upper target at 11600 - 40 for a test. This would set up a better Short, if a Short...

MAZing Updated 

NAZ in new lower zone and will test lower near Box Bottom. Going with Short, today me be more of a Range day. KL 11936 is upper Max lift and resistance, NAZ may try for and if rejected work its way back lower toward lower targets. From diagonal TL, above is Long and below is Short. Expect NAZ to move around Channel (two white horizontal and red dash is mid...

MAZing Updated 

Fed Day two stage post. Yellow is pre rate price action range. I mentioned yesterday that 11936 may be tough for O/N to pass, the NAZ did drop to test TLX 11865. The yellow range is well established and I expect the NAZ will break above 11936. The 2 white arrows are break outs for and after the rate announcement. The 11865 to 12056 range and set ups. Look for...

MAZing Updated 

That is all its takes, a weak rally and the Prop begins. Look for the O/N Prop Machine to boost the NAZ as high as it can go, this is all to offset any damage on Wednesday. Will update as we go.

MAZing Updated 

TLX target practice for Monday. You will notice that the 11865 TLX is near the middle of the Upper & Lower thick red line TLX's. Monday will be another Pinball game with TLX's, play the Edge Trades in opposite direction at Thick Red's and retest's from above/below will confirm the direction change. Friday was an example with the lower move and late session pop...

MAZing Updated 

NAZ got to within 25 points of TLX (red line). Strong Long above and under it may try lower target. Push pull and rally selling is back. O/N magic seems to be gone. The Limit down O/N may be the next surprise as we have not seen any this year. The flush out to lower lows would be bought for a decent pop higher. Back in tomorrow and will update as we go.

MAZing Updated 

Another travel day, will update when I can. NAZ is in Mid Box, White line above is Prop Magic target for a Strong Short (not so likely today, maybe tomorrow). Fair amount of news today so the NAZ may bounce around these levels like a pinball machine (you will need to be quick). Yellow, 12305 is 1st target short will drop test to 12076. Should 12076 not hold, look...

MAZing Updated 

NAZ looking shaky, soft, weak and the intraday push pull was back yesterday. I just feel some smart money people may take some profit here. Yesterday did have 1 decent retest drop/pop that took forever the fill back up. That is not what we want to see. All I see are 20 point drop/fills, enough to give you a nervous condition. Could be wrong but play the Short side...

MAZing Updated 

NAZ will try for Box Top, Monday's are usually Bullish and no news or releases. The push pull intraday price action has stopped, for now. Yellow lines are Key Levels to watch. We need to see some drops that get bought quickly, the Thursday mid day drop/pop was done to test the buyers interest. This was bought with some strength and final 7 minute close prop job....