Trading Edges That Last
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Lawrence's Comment Recap Another easy play for the week. Dropped to Y-1 as expected. consolidated between Y-0 and Y-1. Dropped further down to 100% expansion of the consolidation. Closed the week near ...READ MOREEveryone on the street talks about Quantitative Erasing and that it is messing up the markets, causing inflations, etc. Can we really identify the characteristic change in the S&P that ...READ MOREESNQAH High1974.503929.75AH Mid1970.883922.75AH Low1967.253915.75READ MORE3DP Odds Table (NQ) 2014-10-23USDCAD Feb 10 to Feb 14 OutlookImpact of Quantitative Easing on Stock Market Indices3DP Odds Table (NDX) 2022-04-153DP Odds Table (NDX) 2012-11-21Intraday Cycle Projection (NQ) 2022-11-24AUDUSD Mar 14 to Mar 18 OutlookUS Market Pre-Open 2014-7-153DP Odds Table (NDX) 2021-11-12Intraday Cycle Projection (NQ) 2019-01-17
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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