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Lawrence's Comment Recap Y-1 support helped cable to bounce back up to Y-0. Failed to clear Y-0 Cable droppped back down to near Y-1. Closed the week below Y-0 and midpoint. ...READ MORELawrence's Comment Recap Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week. Outlook The ...READ MORELawrence's Comment Recap No quick snap back up early in the week. Just drift down. End of week sudden pop back up to Y-1. Closed the week at midpoint and ...READ MOREESNQAH High3264.758963.50AH Mid3261.008950.25AH Low3257.258937.00READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREGBPUSD Oct 03 to Oct 07 OutlookAUDUSD Feb 28 to Mar 04 OutlookEURUSD Jul 16 to Jul 20 OutlookReal-time Commentaries 2012-3-2Weekly Cycle Projection (NDX) 2012-03-123DP Odds Table (NQ) 2015-05-29US Market Pre-Open 2020-1-9Intraday Cycle Projection (NDX) 2018-01-18Precog Vision – US Indices 2019-9-23DP Odds Table (NQ) 2011-08-22
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Nasdaq 100 Apr 16 to Apr 20 Outlook
Lawrence’s Comment
Tagged our downside target at Y-2 early in the week. Since then it is pure consolidation. The twist came on Friday as various global issues and economic data reports became the excuses to force the equity markets lower. Closed the week near week low.
Outlook
The correction in NQ on daily timeframe is long overdue. The interesting question is whether it can find a bottom quickly at the nearest support area.
So far the Y-2 zone has produced a bounce of 50+ points. Next lower support zone is Y-3 / B-2 area. If NQ breaks B-1, a quick slide to that is likely.
If the flush results in a quick bounce back above B-1, a potential daily w. spring is in place and can kick start a rally to retest year high in coming few weeks.
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