Trading Edges That Last
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Overview Emini overnight range 2106.50 up to 2116.25 (at 9:00 am) Overnight Midpoint 2111.50 Previous Day Close 2108.00 Emini S&P is now trading at the bottom part of its range with ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREEmini S&P Battleplan Jun 7, 2016USDJPY Apr 04 to Apr 08 OutlookIntraday Cycle Projection (NQ) 2019-12-12Real-time Commentaries 2017-11-33DP Odds Table (NDX) 2021-10-283DP Odds Table (NDX) 2020-03-31Nasdaq 100 Feb 25 to Mar 01 OutlookPrecog Vision – US Indices 2015-1-2Intraday Cycle Projection (NQ) 2018-07-25Real-time Commentaries 2020-4-28
As Featured In
Nasdaq 100 Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Gapped down to almost Y-3 to start the week. Then buying just show up and zoomed NQ back up to Y-0. 3 pushes up and failed to go above Y-0 led to another flush down. This time NQ tagged Y-3 an filled the gap below. Another wave of buying showed up and zoomed NQ back to almost Y+1. Pure mess of 40+ points swings 2 more times. Closed the week above midpoint and near Y-0.
Outlook
Breakout downside happened and tagged the target, so not bad for a swing trade. Holding Y-3 was also expected due to the bullish bias on higher timeframe. What I did not expect was 40+ points swings for so many times. Something is changing in the price movement characteristics here.
This week looking for Y+1 to be tagged as the downside is decidedly rejected 3 times. Closing above Y-1 and midpoint is the other clue pointing to bullish bias this week. Will not be surprise that NQ zoom straight up to Y+2 and consolidate above B+1.
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