Trading Edges That Last
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Lawrence's Comment Recap Support at previous week close gave Dow a platform to go higher. Target Y+2 tagged and then a stop run overnight zoomed YM higher and then collapsed back down ...READ MORELawrence's Comment Recap Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2. Outlook Both Aussie and Loonie are driven by ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREAUDUSD May 01 to May 05 OutlookUS Market Pre-Open 2018-12-28Dow 30 Aug 18 to Aug 22 Outlook3DP Odds Table (NQ) 2014-12-11AUDUSD Sep 17 to Sep 21 Outlook3DP Odds Table (NDX) 2014-06-06Real-time Commentaries 2020-10-8Intraday Cycle Projection (NQ) 2011-05-18Precog Vision – US Indices 2017-2-223DP Odds Table (NQ) 2012-07-18
As Featured In
Nasdaq 100 May 05 to May 09 Outlook
Lawrence’s Comment
NQ was the only normal index out of the big 3 last week. Test of Y-0 gave us a break below Y-1. Found support at 3400 round number. Spike reversal gave us upside target of Y-0 again. NQ then held previous week close setting the stage for a run to Y+1. NFP Friday did nothing to NQ. It just consolidated. Closed the week above Y-0 and midpoint.
Outlook
Retest of Y+1 stayed below Y+1. If NQ just break B-0 quickly next weekly without tagging Y+1 it will be very bearish with target going down to B-1 again.
If B-0 acts as support, it will be the first time NQ in past few months showing some strength against the prevailing trend on daily. Upside breakout above B+1 will likely give us B+2 quickly.
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