Trading Edges That Last
- You May Also LikeESNQAH High2078.254415.75AH Mid2077.134414.00AH Low2076.004412.25READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NQ) 2015-05-183DP Odds Table (NDX) 2020-11-243DP Odds Table (NDX) 2012-08-203DP Odds Table (NQ) 2015-09-23US Market Pre-Open 2015-3-10USDCAD Nov 12 to Nov 16 Outlook3DP Odds Table (NQ) 2012-01-31Intraday Cycle Projection (NQ) 2014-08-15AUDUSD Apr 10 to Apr 14 OutlookPrecog Vision – US Indices 2017-3-15
As Featured In
Nasdaq 100 Dec 02 to Dec 06 Outlook
Lawrence’s Comment
What resistance? NQ simply popped higher right from the start of the week and stayed above previous week close. Once Dow and S&P are ready, all 3 indices jumped higher. NQ was the star of them all. It pushed straight up to Y+3. Closed the week near Y+3 and week high.
Outlook
NQ upside breakout was the result of just a handful of stocks only. Last time we see such narrow breadth rally back in year 2000 it did not end well. Notice that without longer term chart supporting the bears, there is no reason to fade this market yet.
Expecting a consolidation week with reduced range.
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