Trading Edges That Last
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Lawrence's Comment Recap Pullback to Y-0. Perfect test of support then rally to Y+1 as expected. Cleared Y+1 easily. Breakout in place with Y+2 target taken out quickly. Drifted higher since. Closed ...READ MOREEURUSD Nov 09 to Nov 13 Outlook3DP Odds Table (NQ) 2018-12-27Weekly Cycle Projection (NDX) 2011-12-19Precog Vision – US Indices 2022-12-9S&P 500 Nov 18 to Nov 22 OutlookReal-time Commentaries 2020-8-103DP Odds Table (NDX) 2018-12-04Hot n Cold (NQ) 2012-10-253DP Odds Table (NDX) 2013-10-22Intraday Cycle Projection (NQ) 2013-01-14
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Nasdaq 100 Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Gapped down to almost Y-3 to start the week. Then buying just show up and zoomed NQ back up to Y-0. 3 pushes up and failed to go above Y-0 led to another flush down. This time NQ tagged Y-3 an filled the gap below. Another wave of buying showed up and zoomed NQ back to almost Y+1. Pure mess of 40+ points swings 2 more times. Closed the week above midpoint and near Y-0.
Outlook
Breakout downside happened and tagged the target, so not bad for a swing trade. Holding Y-3 was also expected due to the bullish bias on higher timeframe. What I did not expect was 40+ points swings for so many times. Something is changing in the price movement characteristics here.
This week looking for Y+1 to be tagged as the downside is decidedly rejected 3 times. Closing above Y-1 and midpoint is the other clue pointing to bullish bias this week. Will not be surprise that NQ zoom straight up to Y+2 and consolidate above B+1.
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