Trading Edges That Last
- You May Also LikeESNQAH High2200.004822.25AH Mid2198.384819.00AH Low2196.754815.75READ MORE
Lawrence's Comment Recap Consolidated around Y+1 until Y+1 turning into support. Moved higher until 50% previous week range established. Closed the week above Y+1 and midpoint. Outlook Above B+1 likely. FBO against ...READ MORELawrence's Comment Recap Easy play of the week. Held support, run to target mentioned last week and stalled. Closed the week below Y+1 and above midpoint. Outlook B-0 acting as support we ...READ MORELawrence's Comment Recap Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently ...READ MOREIntraday Cycle Projection (NDX) 2011-05-17Real-time Commentaries 2024-7-2US Market Pre-Open 2016-12-1AUDUSD Mar 14 to Mar 18 Outlook3DP Odds Table (NDX) 2017-02-07Weekly Cycle Projection (NQ) 2022-12-26US Market 2011-1-17AUDUSD Sep 01 to Sep 05 OutlookReal-time Commentaries 2012-5-24USDCAD Dec 30 to Jan 03 Outlook
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.
Share