Trading Edges That Last
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Lawrence's Comment Recap Momentum carried Aussie lower to Y-2 as expected. No spike low, just drift back up from Y-2 to week mid. Closed the week below Y-1 and near midpoint. ...READ MORELawrence's Comment Recap Y+1 support helped ninja to push straight up to Y+3 breakout target. Closed the week near Y+3 and above midpoint. Outlook Initial run probably done. Y+3 resistance will signal ...READ MOREUS Market Pre-Open 2016-4-12AUDUSD Jul 13 to Jul 17 OutlookReal-time Commentaries 2016-1-4USDJPY Sep 05 to Sep 09 OutlookIntraday Cycle Projection (NQ) 2021-12-063DP Odds Table (NDX) 2012-12-20Real-time Commentaries 2019-9-27Intraday Cycle Projection (NQ) 2021-08-16Real-time Commentaries 2011-12-21Real-time Commentaries 2017-5-23
As Featured In
Nasdaq 100 Dec 15 to Dec 19 Outlook
Lawrence’s Comment
NQ followed the seasonal selloff script to the T. Y-3 acted as support twice before being breached on the 3rd try. Closed the week below Y-3 and at week low.
Outlook
The backfill is necessary as NQ has been rallying for months with no support zone built anywhere below. This selloff helps NQ to correct some of its short term breadth overbought conditions. Seasonally the stock market will now enter holiday mode with minimal volume which favours the bulls.
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