Trading Edges That Last
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Lawrence's Comment Recap Similar to Dow, ES moving lower as expected. Tagging both 1st target of Y-2 and 2nd target of Y-3 in one go was a present surprise. The bounce ...READ MOREESNQAH High2789.507115.25AH Mid2786.257106.75AH Low2783.007098.25READ MORELawrence's Comment Recap Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint. Outlook A marginal double top ...READ MOREESNQAH High1677.753184.00AH Mid1673.383175.50AH Low1669.003167.00READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE3DP Odds Table (NQ) 2015-08-19S&P 500 Apr 16 to Apr 20 OutlookUS Market Pre-Open 2019-3-1S&P 500 Feb 24 to Feb 28 OutlookHot n Cold (NDX) 2020-12-43DP Odds Table (NDX) 2022-04-25US Market Pre-Open 2013-9-10Real-time Commentaries 2011-10-123DP Odds Table (NDX) 2021-12-08Precog Vision – US Indices 2013-10-2
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Nasdaq 100 Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then end of week news shock produced a squeeze back up to Y+1.
Outlook
Once Y+1 / B+1 is cleared and turning into support, NQ can go a lot higher, not just B+2 or B+3. There will be enough trapped shorts to push this much higher as this base took almost 2 months to build.
The less likely scenario is that the breakout failed to materialize. Once B-0 is breached we should get B-2 quickly.
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