Trading Edges That Last
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Following is the Emini S&P continuous contract with RTH only data. I have marked the days with matching color to the moving averages where ES has tagged. ...READ MORERecap of Last Week Prior week was a tight range week going nowhere that points to potential breakout with target expansion equals to the week’s range. That is what ...READ MORELawrence's Comment Recap Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1. Outlook Clearly the weekly price levels are not honoured last week. ...READ MORELawrence's Comment Recap Dow gapped higher on news related to Brexit. News driven market all the way right up to Brexit. Brexit led to gap down on Friday to Y-1 and sparked ...READ MOREIntraday Cycle Projection (NQ) 2019-07-31WTF Chart of the Day: Emini S&P and3DP Odds Table (NDX) 2020-11-113DP Odds Table (NQ) 2019-08-07S&P 500 Jan 17th to 21th Outlook3DP Odds Table (NDX) 2018-05-14USDCAD Jan 16 to Jan 20 OutlookHot n Cold (NDX) 2012-11-20Dow 30 Jun 27 to Jul 01 OutlookIntraday Cycle Projection (NDX) 2012-01-11
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Nasdaq 100 Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the week. Closed the week above Y-1 and near midpoint.
Outlook
As mentioned before NQ is the strongest one on weekly thus it is likely to hold back the selloff in the other 2 indices. Since Y-1 was rejected, Y-0 is the likely retest and a push to B+2 will not be a surprise.
By end of the week if NQ fails to clear Y-0 / B-0 it will be quite bearish for NQ going into end of August.
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