Trading Edges That Last
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Lawrence's Comment Recap Dropped lower as expected. Cable tried to bounce from Y-2 but failed to clear Y-1. That opened the door to Y-3 and below. By end of the week Cable ...READ MORELawrence's Comment Recap Pullback to my support and then continue to match higher. Stopped at 100% absolute range expansion. Closed the week near week high and above Y+1. Outlook A monthly breakout in the ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NDX) 2017-02-03Dow 30 Sep 16 to Sep 20 OutlookReal-time Commentaries 2024-2-12GBPUSD Oct 06 to Oct 10 Outlook3DP Odds Table (NQ) 2017-06-15Intraday Cycle Projection (NDX) 2012-02-20USDJPY Jan 14 to Jan 18 Outlook3DP Odds Table (NQ) 2023-02-24Precog Vision – US Indices 2022-10-20Hot n Cold (NDX) 2012-11-6
As Featured In
Nasdaq 100 Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Couldn’t form a low early in the week above 4100 led to the expected stop hunt mentioned last week. Since then NQ gapped back up above 4100 and fought its way back up to challenge Y-1. NFP gave NQ the fuel needed to clear Y-1 and rushed back up to the crime scene. Closed the week below Y-0 and at week high.
Outlook
Very strong reversal formation in place on intraday basis but not on daily level. This means the run will be carried higher this week but may not be able to last. Above 4320 open gap zone if distribution is seen, we will get a drop back down to B-0 easily in coming weeks.
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