Trading Edges That Last
- You May Also LikeESNQAH High1545.752759.50AH Mid1539.502748.13AH Low1533.252736.75READ MORE
Recap of Last Week Did not post about this pair last week as the better play was euro. The upside breakout triggered on this one anyway and the 200% ...READ MORELawrence's Comment Recap 2nd inside week in a row. Magic buying above Y-1 sent ninja back up to Y-0. Stalled from there since. Closed the week below Y-0 and above midpoint. Outlook 2nd inside ...READ MORE3DP Odds Table (NDX) 2011-12-293DP Odds Table (NDX) 2021-01-01Intraday Cycle Projection (NDX) 2019-03-11Weekly Cycle Projection (NDX) 2012-01-23US Market Pre-Open 2013-4-19GBPUSD Jan 17th to 21th OutlookUSDJPY Mar 24 to Mar 28 Outlook3DP Odds Table (NDX) 2018-04-233DP Odds Table (NDX) 2014-03-20Intraday Cycle Projection (NDX) 2019-12-20
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Nasdaq 100 Dec 07 to Dec 11 Outlook
Lawrence’s Comment
NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support near Y-2. After NFP, a huge stop hunt started with ECB adding fuel later in the day. Closed the week above Y+1 and midpoint.
Outlook
NQ is not as bullish as ES or Dow. It has to prove itself by holding B-0 first. The more troublesome issue is that 4500 to 4700 range has bounded NQ for quite some time. If NQ fails to hold above 4700, it can lead to another drop back down to 4600 last week of the year or early next year.
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