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Lawrence's Comment Recap Whole week has been a struggle to find direction. At the end of the week although there is a selloff it did not drop to Y-1 implying hidden ...READ MORELawrence's Comment Recap Y-1 acted as support early in the week sending this back up to the down channel top. Channel resistance forced a turn lower and we got the channel support ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE3DP Odds Table (NDX) 2017-09-193DP Odds Table (NQ) 2015-11-10Intraday Cycle Projection (NQ) 2012-03-29Real-time Commentaries 2024-5-16Weekly Cycle Projection (NDX) 2012-07-23Nasdaq 100 Apr 11 to Apr 15 OutlookUSDCAD Nov 24 to Nov 28 OutlookPrecog Vision – US Indices 2022-3-23DP Odds Table (NQ) 2015-08-07Intraday Cycle Projection (NQ) 2021-08-26
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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.
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