Trading Edges That Last
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Lawrence's Comment Recap Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low. Outlook As mentioned last week, the original ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2022-9-12US Market Pre-Open 2015-6-8Real-time Commentaries 2011-5-30Real-time Commentaries 2024-5-20EURUSD Dec 05 to Dec 09 OutlookUS Market Pre-Open 2013-1-8EURUSD May 26 to May 30 OutlookPrecog Vision – US Indices 2011-12-293DP Odds Table (NQ) 2021-03-02Hot n Cold (NDX) 2020-9-11
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Nasdaq 100 Apr 01 to Apr 05 Outlook
Lawrence’s Comment
Upside target tagged right at the start of the week. Turned into FBO and dropped back down to Y-0. Found support there and eventually rallied back up to clear Y+1. Closed the week above Y+1 and midpoint.
Outlook
Rising wedge in the making. Can also be breakout of the current year high resistance zone. Difficult read. The easy play would be a strong reversal sending NQ back below Y+1 quickly. That will start a quick move back down to B-0.
From there, if NQ cannot hold the support up trendline from the swing lows formed last week a sell off down to B-2 is expected.
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