Trading Edges That Last
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Nasdaq 100 May 21 to May 25 Outlook
Lawrence’s Comment
Upside triangle mentioned last week broken down to the downside and never recovered above the resistance line. Collapsed 120+ points to Y-4 and closed the week at week low.
Outlook
Extreme range expansion likely leads to wild sideway actions. 2-way market is good for daytrading but not good for swing setup.
Looking for 50% range of previous week around B-1.
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