Trading Edges That Last
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Lawrence's Comment Recap Aussie did not produce a buy setup early in the week. It just drifted higher to retest Y-0. The bear flag setup was good for a retest of Y-1 ...READ MORELawrence's Comment Recap NQ sold off in the beginning of the week as expected. It sold off back down to the crime scene where the short squeeze originally started. Since then NQ ...READ MOREThere are all sorts of myths and wrong understandings about the Emini S&P gaps being spread everywhere in the trading world. Without careful study of the gaps, many traders choose ...READ MOREReal-time Commentaries 2024-4-18Precog Vision – US Indices 2021-7-63DP Odds Table (NQ) 2012-11-153DP Odds Table (NDX) 2019-01-15S&P 500 Jan 15 to Jan 19 OutlookNasdaq 100 Apr 30 to May 04 OutlookUSDCAD Mar 30 to Apr 03 OutlookAUDUSD Nov 11 to Nov 15 OutlookNasdaq 100 Nov 25 to Nov 29 OutlookMaster Emini S&P Gap Trading Techniques
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Nasdaq 100 Jun 09 to Jun 13 Outlook
Lawrence’s Comment
Same as Dow, NQ held Y-0 giving us the Y+2 target. Y+2 was blown through later the week with Y+3 tagged. Closed the week at Y+3 and week high.
Outlook
As mentioned last week, we may not even get a pullback in this low volume environment. That was exactly what happened. Upside will be limited as NQ 3800 round number and Dow 17000 are in sight. Both can serve as temporary resistance until the over extended condition is resolved.
Consolidation week with reduced range likely.
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