Trading Edges That Last
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The S&P 500 Custom Breadth Chart as of August 6, 2019.Notice the extreme spikes of the 5 days new low and 20 days new low.That together with the AD Spike ...READ MORELawrence's Comment Recap As expected long continuation week for Aussie. Closed the week at week high. Outlook The rally last week was a bit weaker than expected. As all other currencies are ...READ MORE3DP Odds Table (NQ) 2020-08-05Intraday Cycle Projection (NDX) 2016-12-09Intraday Cycle Projection (NQ) 2017-02-21Precog Vision – US Indices 2013-7-26Precog Vision – US Indices 2014-10-27Real-time Commentaries 2023-11-33DP Odds Table (NQ) 2021-02-16Nasdaq 100 Sep 03 to Sep 07 OutlookMBO Issue 92 Special UpdateAUDUSD Jun 18 to Jun 22 Outlook
As Featured In
Nasdaq 100 Jan 20 to Jan 24 Outlook
Lawrence’s Comment
A sell off out of nowhere thanks to jawboning by Fed officials. Y-1 breached but NQ recovered with a revenge rally back to challenge Y+1. That opened the door to Y+2 for us. Y+2 tagged and going sideway since. Closed the week above Y+1 and midpoint.
Outlook
Extremely strong reaction to soundbites from the officials is not a good sign. That was what happened to euro for years and now infecting the indices too.
Normal situation NQ should consolidate around its close at 50% range. Until B+1 or B-0 is breached and that we get to see the reactions there no directional bias yet.
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