Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y-1 tested led to a run for Y+1. Y+1 also rejeted. Closed the week above Y-0 and midpoint. Outlook Inside week gives us breakout mode. Targets B+3 and B-3. ...READ MOREBack in August 2003, I have an article called Daytrading The E-mini published in the Technical Analysis of Stocks & Commodities magazine. It described a technique called Data Reduction that ...READ MOREESNQAH High2109.004450.00AH Mid2108.384448.50AH Low2107.754447.00READ MOREESNQAH High3760.7510855.75AH Mid3757.0010845.25AH Low3753.2510834.75READ MORELawrence's Comment Recap As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below ...READ MOREReal-time Commentaries 2018-4-273DP Odds Table (NDX) 2013-01-29Intraday Cycle Projection (NDX) 2014-03-26USDJPY Mar 14 to Mar 18 OutlookWeekly Cycle Projection (NQ) 2019-05-06Intraday Cycle Projection (NDX) 2012-12-31Daytrading The Emini – An Update (Stochastic MidpointUS Market Pre-Open 2015-5-11US Market Pre-Open 2022-11-10Nasdaq 100 Jun 27 to Jul 01 Outlook
As Featured In
Nasdaq 100 Feb 25 to Mar 01 Outlook
Lawrence’s Comment
Topped out in the beginning of the week and flushed down to my target below. But it did not stop there. NQ gapped down and flushed down to Y-5. 300% range expansion is rare and we just got one. NQ bounced back up since. Closed the week below midpoint and Y-2.
Outlook
Breakout mode from last week gave us 1 FBO to the upside and 1 real breakout to the downside. That was not bad. But if you choose to trail your position with a stop, the profit is now mostly gone.
The bounce from last week also rejected the 2700 gap below. In another words, it is another FBO, this time on monthly scale. As long as 2710-2720 holds, NQ can rally all the way back up to Y-1.
Share