Trading Edges That Last
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Here is an update on the performance of the Basic Consensus System. As you can see, there is a mild drawdown period during 2006. After that, the system has been performing ...READ MORELawrence's Comment Recap Unlike Dow or S&P, NQ was forced to breakout upside when both Dow and S&P both moving up strongly. It has been a long while since last ...READ MORELawrence's Comment Recap Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. ...READ MORE3DP Odds Table (NDX) 2018-05-16Intraday Cycle Projection (NDX) 2012-07-30Basic Consensus System – Performance ReviewReal-time Commentaries 2018-10-16Nasdaq 100 Jul 23 to Jul 27 OutlookWeekly Cycle Projection (NQ) 2011-05-09Intraday Cycle Projection (NQ) 2013-01-073DP Odds Table (NDX) 2015-05-13USDCAD Sep 01 to Sep 05 Outlook3DP Odds Table (NDX) 2022-03-16
As Featured In
Nasdaq 100 Mar 09 to Mar 13 Outlook
Lawrence’s Comment
NQ started out the week very strong tagging Y+2. It then failed to hold above Y+1 and slided all the way back down to Y-1 which I warned about. From there NQ continues to show strength by rallying back up to Y+1. After NFP was out, NQ could no longer hold up and collapsed straight down to Y-3.
Outlook
NQ does not have a lot of support at the current level. If higher timeframe players show up, NQ may be able to bounce from Y-4 area and consolidate from there. Until B-1 is proven support, up side is limited.
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