Trading Edges That Last
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Lawrence's Comment Recap Bounced back to Y-0 early in the week. Y-0 stopped the bounce and gave us a drop down to new low below Y-1. Stopped going lower before touching downside ...READ MORELawrence's Comment Recap Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and ...READ MORELawrence's Comment Recap Aussie consolidated around the breakout zone mentioned last week first. Then moved to the downside confirming the weakness. Since then Y-0 acted as resistance and gave us a move ...READ MOREIntraday Cycle Projection (NDX) 2020-12-23Real-time Commentaries 2011-10-19Precog Vision – US Indices 2014-7-10Precog Vision – US Indices 2017-5-29GBPUSD Feb 11 to Feb 15 OutlookIntraday Cycle Projection (NQ) 2020-08-05USDCAD Dec 15 to Dec 19 OutlookAUDUSD Sep 30 to Oct 04 OutlookNasdaq 100 Oct 22 to Oct 26 OutlookNasdaq 100 Aug 22 to Aug 26 Outlook
As Featured In
Nasdaq 100 May 30 to Jun 03 Outlook
Lawrence’s Comment
Gapped down to Y-1, fulfilled the projection of tagging either extreme of last week. Once the open range (range of Monday) was establsihed for the week, however, NQ was trapped within. Then the upside breakout of OR happened, it reached the 200% upside expansion target.
Outlook
Re-entering previous week range points to retest of Y-0 and potentially Y+1. That should happen early in the week.
Given the backdrop of month end and daily breadth oversold condition, the sell off in daily timeframe could be over.
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