Trading Edges That Last
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Lawrence's Comment Recap As expected the rising wedge did not last. It was broken to the down side and the selloff almost tagged my downside target. Euro bounced before the target was ...READ MORELawrence's Comment Recap Upside target of current year high is tagged. Not quite an explosive up swing but also not quite a drift up. Closed the week above Y+2 and ...READ MOREIntraday Cycle Projection (NDX) 2011-06-14Real-time Commentaries 2015-6-9Precog Vision – US Indices 2018-12-5Real-time Commentaries 2021-2-26Intraday Cycle Projection (NQ) 2016-05-06Intraday Cycle Projection (NDX) 2014-04-01EURUSD Aug 19 to Aug 23 OutlookReal-time Commentaries 2021-10-133DP Odds Table (NQ) 2017-01-10S&P 500 Aug 20 to Aug 24 Outlook
As Featured In
Nasdaq 100 Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the week. Closed the week above Y-1 and near midpoint.
Outlook
As mentioned before NQ is the strongest one on weekly thus it is likely to hold back the selloff in the other 2 indices. Since Y-1 was rejected, Y-0 is the likely retest and a push to B+2 will not be a surprise.
By end of the week if NQ fails to clear Y-0 / B-0 it will be quite bearish for NQ going into end of August.
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