Trading Edges That Last
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The S&P 500 Custom Breadth Chart as of August 16, 2019. Our swing trade worked out with normal target of previous week low tagged overnight before the bounce begins. Those who have ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2018-12-12Precog Vision – US Indices 2019-2-7Intraday Cycle Projection (NDX) 2019-06-10Precog Vision – US Indices 2014-2-6MBO Issue 92 Special Update 2GBPUSD May 13 to May 17 OutlookReal-time Commentaries 2013-5-9Precog Vision – US Indices 2018-10-11Intraday Cycle Projection (NDX) 2019-02-18Intraday Cycle Projection (NQ) 2014-08-07
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Nasdaq 100 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Not only did Nasdaq rally backup, it gapped thru the open gap established the week before and then sold off to fill that from above. Later in the week, NQ simply breakdown and made a new low by close of Friday.
Outlook
The interesting thing with NQ is that it is still trading within the range 2100 to 2350. Breaking below 2100 and that turning into resistance can cause a quick flush down to B-3.
Short of that, it is more likely NQ will bounce off 2100 area.
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