Trading Edges That Last
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S&P500 is still trapped within the same range over the past 4 weeks. Its compression will have to be unwinded somehow. And it can start very soon given the various ...READ MOREESNQAH High3875.7511006.50AH Mid3871.7510989.88AH Low3867.7510973.25READ MORELawrence's Comment Recap Loonie finally breakout of the 3 week boundary. Y+1 was not even touched when the pullback started. Y-0 was cleared quickly opening the way to Y-1. Strong 4 hour ...READ MOREHot n Cold (NQ) 2014-5-16USDJPY Feb 06 to Feb 10 OutlookPrecog Vision – US Indices 2022-1-17S&P500 Entering End Stage of Its Compression MayReal-time Commentaries 2017-4-6Intraday Cycle Projection (NDX) 2015-05-13US Market Pre-Open 2023-1-5Intraday Cycle Projection (NDX) 2018-02-233DP Odds Table (NDX) 2011-07-07USDCAD Apr 20 to Apr 24 Outlook
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Nasdaq 100 Dec 07 to Dec 11 Outlook
Lawrence’s Comment
NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support near Y-2. After NFP, a huge stop hunt started with ECB adding fuel later in the day. Closed the week above Y+1 and midpoint.
Outlook
NQ is not as bullish as ES or Dow. It has to prove itself by holding B-0 first. The more troublesome issue is that 4500 to 4700 range has bounded NQ for quite some time. If NQ fails to hold above 4700, it can lead to another drop back down to 4600 last week of the year or early next year.
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