Trading Edges That Last
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Lawrence's Comment Recap Went higher as expected. The midweek wild swings in NQ was caused by the stock of Apple alone. The rest of the components (99 of them) contributed ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORES&P 500 Oct 17 to Oct 21 OutlookReal-time Commentaries 2020-1-23Hot n Cold (NQ) 2011-6-21Intraday Cycle Projection (NQ) 2023-01-20US Market Pre-Open 2022-12-7Hot n Cold (NDX) 2012-8-28Nasdaq 100 Feb 20 to Feb 24 OutlookPrecog Vision – US Indices 2023-3-2Precog Vision – US Indices 2019-1-233DP Odds Table (NDX) 2020-08-10
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Nasdaq 100 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Essentially rallied the whole week as expected. Rallied from Y-1 to Y+2 target. Made new high for the year by close.
Outlook
Weekly new high for the year on close is very bullish signal. It points to buying all pullbacks until we get a blowoff top.
The catch, as stated in the comments for Dow, is that if US officials disappoint the world by really doing the right thing to cut its deficit and tax more, the US stock market will crash down hard. Key level is B-0. If it turns into resistance, it can send NQ down to B-1. If B-1 breaks and close below that on weekly basis, NQ will face a potential selloff 1st target at 2250.
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