Trading Edges That Last
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Lawrence's Comment Recap Momentum carried this higher but not quite up to Y+2 as the week is suppose to consolidate. Entered into tight range congestion most of the week. Closed the week ...READ MORELawrence's Comment Recap Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1. Outlook Critical week. If euro can stay ...READ MORELawrence's Comment Recap No pullback. Just a pause below Y+1 and then popped higher. Closed the week above Y+1 and near week high. Outlook As mentioned last week, as long as there is no ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Dip to Y-1 and bounced back up to Y-0. Closed the week at midpoint. Outlook As mentioned last week, this pair has produced a long term bottom and buying ...READ MORELawrence's Comment Recap I thought the backfill back down to Y-1 was going to be choppy. Instead, we got this clean directional slide all the way down. Cleared Y-1 easily and then ...READ MOREIntraday Cycle Projection (NDX) 2013-09-30Hot n Cold (NDX) 2016-5-6USDCAD Jul 13 to Jul 17 OutlookIntraday Cycle Projection (NDX) 2022-01-28EURUSD Apr 02 to Apr 06 OutlookAUDUSD Mar 25 to Mar 29 OutlookPrecog Vision – US Indices 2020-5-203DP Odds Table (NDX) 2022-10-31USDJPY Dec 12 to Dec 16 OutlookS&P 500 Dec 16 to Dec 20 Outlook
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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