Until we see some limit down Overnight's and generally negative Open/Overnight's, expect a bounce. The white Box is the 15000 path and the idea is to stay Long above 12300 should the level hold. Still playing Yellow TLX to White TLX (1500). The low volume summer months are perfect for the counter Prop move (Fall drop offset). TLX Chart:
Again, I will leave this open until/if things change.
Again, I will leave this open until/if things change.
Comment:
Magic Overnight Prop for a few hundred back to Mid Box. The Open will sell off or push higher. This is generally a No Trade Zone. Take profit or flip a coin if you are coming in.
Comment:
Under 12675, Look Short.
Comment:
6/7/22, NAZ looking like an EKG printout intraday. Go Short and target 12300. Plus, NAZ did not get the Overnight Prop so it will most likely add to selling momentum after Open. NAZ usually lifts in Overnight and NOT the Open. Today may see any rally stall get sold quickly.
Comment:
NAZ out of Box Bottom and heading to 12300
Comment:
Long above 12560 and Short below.
Comment:
Short under 12720
Comment:
Stay Short under 12720, NAZ may pop, stall, drop today.
Comment:
12812 is Short add.
Comment:
Short add, looking good. Lower Cover.
Comment:
6/8, At 12600, 12500 is lower test for bounce. No bounce and NAZ will decline further.
Comment:
The Pop Stall Drop did play out. NAZ may drop further.
Comment:
6/9, NAZ with 3am Magic Prop. At stall or near Open fade the pop until it retests the recent lows12500.
Comment:
12507 was bounce level after Open. Will float higher 1 way all day or retest and then float higher. Short should be off for now.
Comment:
NAZ can not maintain any lift higher. Expect a drop below low.
Comment:
No strength NAZ, stay Short.
Comment:
May see big Overnight drop tonight. We are due, none all year.
Comment:
Comment:
6/9, NAZ stabilized overnight no drop. Tough call from here. Most likely a Pop, Stall Drop back to current level by close. EU off so may see some selling, just expect a Prop prior to any significant drop.
Comment:
11907 may be next, NAZ out of the BOX.
Comment:
11907 Hit, May POP here until near EU close look for sell off by EOD.
Comment:
Short under 11910-25 range, wait for stall and rejects.
Comment:
NAZ never got above 11925. May retest that level.
Comment:
11500 may be the next Leg should NAZ not climb up. My be Monday target.
Comment:
11970 test and rejection is likely.
Comment:
Rejected.
Comment:
Rejected again at 11975
Trade closed manually
