Trading Edges That Last
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Lawrence's Comment Recap Unlike NQ, Dow refused to even consolidate below Y+1. Instead it popped higher and sit above Y+1. Eventually that led to the upside breakout and doubled the range of ...READ MOREIntraday Cycle Projection (NDX) 2017-01-263DP Odds Table (NDX) 2016-10-11EURUSD Dec 27 to Dec 31 OutlookWeekly Cycle Projection (NDX) 2013-04-08US Market Pre-Open 2012-9-27GBPUSD Jan 17 to Jan 21 Outlook3DP Odds Table (NQ) 2015-02-243DP Odds Table (NDX) 2022-02-03Precog Vision – US Indices 2014-9-8Dow 30 Mar 18 to Mar 22 Outlook
As Featured In
Nasdaq 100 Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Consolidation around previous week close. Pretty standard reaction to a huge run. Closed the week below Y+1 and midpoint.
Outlook
A huge void zone was created below where there was not enough time and volume spent down there. A larger version of consolidation in the making.
NQ could be bounded within a 100-150 point range for the coming few weeks.
Until the excessive buying is absorbed, it is difficult to find directional long term play worths trying. Focus on short term swing and day trading opportunities will be a better plan.
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