Trading Edges That Last
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Recap Rallied a bit stronger than expected in beginning of the week. Still sold off to target B-1 area. Closed the week below previous week close. Outlook Weaknesses in internals is very ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High3323.259158.00AH Mid3319.639145.50AH Low3316.009133.00READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREReal-time Commentaries 2013-12-273DP Odds Table (NDX) 2014-05-30S&P 500 May 16 to May 20 OutlookPrecog Vision – US Indices 2012-8-233DP Odds Table (NDX) 2020-09-23Real-time Commentaries 2014-9-30Real-time Commentaries 2020-2-26US Market Pre-Open 2020-1-17Precog Vision – US Indices 2019-8-28Intraday Cycle Projection (NDX) 2011-10-19
As Featured In
Nasdaq 100 Aug 26 to Aug 30 Outlook
Lawrence’s Comment
This is WTF chart of the week. Multiple logistic / structural issues with Nasdaq that magically lifted the index back up to almost filling the gap from last week. The Y-1 bottom was first created from quadruple test last week and this week it was retested another uncountable number of times yet it magically held and produced a squeeze back up to challenge the gap above. Closed the week near week high and above Y-0.
Outlook
The gap above is nearby and can act as a magnet to pull NQ up to close that gap first. Then, we have this big open gap below to take care of. NQ likely testing B-0 from above this week. From there it is wait and see setup as B-0 may now turn into a strong support.
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