Trading Edges That Last
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Lawrence's Comment Recap Blow-off action on Monday led to the expected pullback of 30 points. Closed the week below Y-0 and midpoint. Outlook Potential blow-off top on weekly. Y-0 / B-0 strong resistance. A ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREPrecog Vision – US Indices 2022-7-29Precog Vision – US Indices 2018-1-4Intraday Cycle Projection (NQ) 2014-10-13Real-time Commentaries 2011-9-22S&P 500 Jun 16 to Jun 20 OutlookReal-time Commentaries 2020-11-2Intraday Cycle Projection (NQ) 2021-03-31Precog Vision – US Indices 2014-2-20Precog Vision – US Indices 2015-7-283DP Odds Table (NQ) 2018-06-19
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Nasdaq 100 Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Bearish tone in beginning of the week forced a break down below Y-1. Then the spike reversal mentioned last week happened, gave us a go for Y-0 and above. Closed the week above Y-0 and midpoint.
Outlook
Down trend on daily is intact. Without 30-min or higher timeframe swing level support, NQ can easily flush back down to at least B-0 and Y-1 is also likely.
NQ needs to hold B-0 down to Y-1 zone to create the necessary condition to break this down trend.
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