Trading Edges That Last
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Lawrence's Comment Recap FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint. ...READ MORELawrence's Comment Recap News shock sent NQ back down to Y-1 creating a huge gap above. But NQ has not breached Y-1 at all. The rest of the week was a ...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 MOREUSDCAD Jul 18 to Jul 22 Outlook3DP Odds Table (NDX) 2022-03-11Intraday Cycle Projection (NQ) 2017-09-083DP Odds Table (NDX) 2019-10-04Intraday Cycle Projection (NDX) 2011-05-13Nasdaq 100 Nov 07 to Nov 11 OutlookPrecog Vision – US Indices 2019-5-20Precog Vision – US Indices 2016-12-30Intraday Cycle Projection (NQ) 2014-04-25Real-time Commentaries 2014-3-13
As Featured In
Nasdaq 100 May 19 to May 23 Outlook
Lawrence’s Comment
NQ started the week above Y+1 invalidated its down trend, making Y-0 strong support. NQ then failed to hold above Y+1 and flushed down to support. NQ held the support zone and bounced. Closed the week above Y-0 and midpoint.
Outlook
Those who do not look at the weekly and daily timeframe last week were very confused as they do not realize NQ was trying hard to break its down trend.
Now that its down trend is broken, it has to fight for enough momentum to go back up. A weak rally coming 2 weeks will spell trouble for NQ.
NQ needs to hold above Y-0 to stand a chance for a run to B+2.
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