Trading Edges That Last
- You May Also LikeFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High4332.0014616.75AH Mid4329.1314601.13AH Low4326.2514585.50READ MOREReal-time Commentaries 2017-6-21Precog Vision – US Indices 2020-9-183DP Odds Table (NDX) 2011-04-14US Market Pre-Open 2021-10-13Real-time Commentaries 2017-7-27GBPUSD Sep 26 to Sep 30 OutlookHot n Cold (NDX) 2022-8-19Real-time Commentaries 2014-11-10S&P 500 Jul 01 to Jul 05 OutlookIntraday Cycle Projection (NQ) 2019-08-26
As Featured In
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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