Trading Edges That Last
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Lawrence's Comment Recap Essentially rallied the whole week as expected. Rallied from Y-1 to Y+2 target. Made new high for the year by close. Outlook Weekly new high for the year on close ...READ MOREESNQAH High2003.004141.25AH Mid1995.384126.25AH Low1987.754111.25READ MORELawrence's Comment Recap Previous week close acted as support and in turn making Y-0 into support. Pushed to Y+1 target and collapsed back down since. Y-1 strong support as mentioned last week ...READ MORELawrence's Comment Recap Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback ...READ MOREUSDJPY Jun 07 to Jun 11 OutlookIntraday Cycle Projection (NDX) 2012-04-24Nasdaq 100 Jul 25 to Jul 29 OutlookReal-time Commentaries 2019-11-8US Market Pre-Open 2015-1-29USDJPY Aug 17 to Aug 21 Outlook3DP Odds Table (NQ) 2018-02-28Weekly Cycle Projection (NDX) 2012-07-02AUDUSD Mar 18 to Mar 22 Outlook3DP Odds Table (NQ) 2021-01-07
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Nasdaq 100 Apr 15 to Apr 19 Outlook
Lawrence’s Comment
Y-0 did not act as resistance at all. All out intervention last week to clear the resistance zone induced the biggest 5 days up swing over the past few years. Closed the week above Y+1 and near week high.
Outlook
As noted in my post on Nasdaq Composite, this is the anti-climax on Nasdaq that resemble what happened to the crash in Nikkei many years ago. Should this proven to be the cyclical top, The top produced in this year will not be exceeded for many years to come.
This week will be a difficult week to trade as many shorts are forced to cover their short positions last week. Expect erratic price movements and consolidation around B+1.
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