Trading Edges That Last
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Lawrence's Comment Recap Y-0 support sent NQ up above Y+1 but it fails to hold above that which led to sell off back down to Y-0 and below. Y-0 was cleared quickly ...READ MORELawrence's Comment Recap Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint. Outlook Y+1 failing to hold means the ...READ MORELawrence's Comment Recap Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint. Outlook 1.35 has been long term support for ...READ MOREESNQAH High4387.0014429.25AH Mid4384.1314419.38AH Low4381.2514409.50READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREWeekly Cycle Projection (NQ) 2020-07-20Nasdaq 100 Aug 10 to Aug 14 OutlookAUDUSD Jul 28 to Aug 01 OutlookEURUSD Jul 21 to Jul 25 OutlookIntraday Cycle Projection (NDX) 2020-05-22US Market Pre-Open 2022-1-243DP Odds Table (NQ) 2018-06-213DP Odds Table (NDX) 2020-05-123DP Odds Table (NDX) 2021-10-26Precog Vision – US Indices 2016-5-27
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Nasdaq 100 Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Flushed in afterhours and Y-1 turned into support by the time market opens in regular hours. NQ bottomed out from there and rallied to close the week near its high of the range.
Outlook
Inside week after 2 huge range weeks is not unexpected. The difficult question is where do we go from here.
Within 50 points above B+1 there are so many resistance price levels it is difficult to ride the long side.
Next week is also the week before a long weekend and last week of summer holiday for schools. Expect lower volume and potentially 2nd week of inside week.
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