Trading Edges That Last
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Lawrence's Comment Recap Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week. Outlook The ...READ MORELawrence's Comment Recap Consolidation as expected. Within the prescribed range too. Closed the week above midpoint. Outlook Staged itself to fill the gap above with a test of B+1 by Monday.READ MORELawrence's Comment Recap Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint. Outlook Outside week ...READ MORETick16 setup screaming for another top in the making, yet the news shock last week defended the 1st strong swing low on daily from being challenged. Thus price pattern points ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE3DP Odds Table (NQ) 2018-12-26USDJPY Mar 12 to Mar 16 OutlookDow 30 Jul 11 to Jul 15 OutlookEURUSD Jan 25 to Jan 29 OutlookNasdaq 100 Oct 18 to Oct 22 OutlookUSDJPY Jul 07 to Jul 11 OutlookMarket Breadth ReadingsPrecog Vision – US Indices 2020-10-14Intraday Cycle Projection (NDX) 2012-02-01AUDUSD Aug 30 to Sep 03 Outlook
As Featured In
Nasdaq 100 Aug 24 to Aug 28 Outlook
Lawrence’s Comment
Y-0 support as expected and sent NQ up to near Y+1. NQ failed to clear the former support zone, forced it back down to test Y-0. Fed minutes released on Wed and then Asian markets going south helped NQ to break the Y-0 support sending it straight down to below Y-1. Option expiration amplified the move to clear the normal breakout target of Y-3. Closed the week below Y-4 and near week low.
Outlook
A bounce is likely with consolidation around B-1 also likely. Even at reduced range, this coming week will be wild relative to the quiet times we enjoyed over the past few months.
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