Trading Edges That Last
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Lawrence's Comment Recap Gap down open led to an all out rally defending Y-0. The surprise move to many was good enough to get Y+1 early in the week. ES holding above ...READ MORELawrence's Comment Recap Aussie consolidated around the breakout zone mentioned last week first. Then moved to the downside confirming the weakness. Since then Y-0 acted as resistance and gave us a move ...READ MOREUSDJPY Mar 19 to Mar 23 OutlookIntraday Cycle Projection (NDX) 2016-09-13Real-time Commentaries 2016-6-27Precog Vision – US Indices 2015-2-4Intraday Cycle Projection (NDX) 2015-11-04S&P 500 Apr 13 to Apr 17 OutlookWeekly Cycle Projection (NQ) 2014-05-19AUDUSD Sep 30 to Oct 04 OutlookUSDJPY Jan 01 to Jan 05 Outlook3DP Odds Table (NQ) 2021-08-02
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Nasdaq 100 Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Non-diretional swings caught both bulls and bears by surprise. NQ started the week almost tagging Y-2 and then gapped higher to clean out the stops. Yet by end of week NQ collapsed back down to week mid. Closed the week above Y-0 and midpoint.
Outlook
Outside week with close near the midpoints is indecision. NQ is not as bullish as S&P or Dow. It is hitting a brick wall above yet the late bulls are piling on at every mild pullback. This implies a bigger shake out on weekly is in the making. As long as Y+1 is acting as resistance I see more wild actions to the downside but not necessary breaking Y-1 by much.
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