Trading Edges That Last
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Lawrence's Comment Recap As expected consolidation within Y-0 to Y+1. Ended the week by expanding to, what else, 50% aboslute expansion. Someone playing the game from a script. Outlook Bounced off Y-0 ...READ MORELawrence's Comment Recap As expected, the pullbacks are buying opportunities. Quiet week overall all during this holiday season. Closed the week above midpoint. Outlook 3rd week with tighten range although higher high and ...READ MORELawrence's Comment Recap No pullback / no double top continuation from the week before last week. How? By gapping thru Y+1 and zoom up to Y+2. Outlook Clear short squeeze in progress with ...READ MOREIntraday Cycle Projection (NDX) 2012-09-20GBPUSD Sep 05 to Sep 09 OutlookReal-time Commentaries 2011-4-19Real-time Commentaries 2015-3-27Real-time Commentaries 2017-5-9Hot n Cold (NDX) 2017-10-13S&P 500 Apr 11 to Apr 15 OutlookUSDJPY Dec 26 to Dec 30 OutlookIntraday Cycle Projection (NDX) 2013-04-12Dow 30 Oct 17 to Oct 21 Outlook
As Featured In
Nasdaq 100 Dec 21 to Dec 25 Outlook
Lawrence’s Comment
4500 support mentioned last week gave us a run back up all the way to Y-0 and FOMC decision helped to push NQ towards the former parking zone at 4680. Option expiration sent NQ back down to below Y-1. Closed the week below Y-1 and midpoint.
Outlook
More downside in store. Holiday mode trading means thin volume and very slippery price actions. I will not be surprised to see NQ going as low as below 4400 by Christmas Eve.
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