Trading Edges That Last
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Lawrence's Comment Recap Y+1 resistance sent Euro lower but it found support at Y-0. After 2nf try failed to clear Y-0, Euro was forced to test Y+1 after. Closed the week near ...READ MORELawrence's Comment Recap Upside target tagged. Breakout right after and zoomed to almost Y+3. Closed the week at Y+2 and above midpoint. Outlook As mentioned last week, uptrend is intact thus aussie ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Tested Y-0 as expected and bounced off quickly too. End of week pushing against Y+1 failed to clear the resistance. Closed the week near midpoint. Outlook Not a clear ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NDX) 2016-09-14Precog Vision – US Indices 2012-4-26USDJPY May 22 to May 26 OutlookEURUSD Apr 27 to May 01 OutlookAUDUSD Jul 23 to Jul 27 OutlookPrecog Vision – US Indices 2021-3-2GBPUSD Dec 03 to Dec 07 OutlookPrecog Vision – US Indices 2020-5-213DP Odds Table (NQ) 2021-10-12Intraday Cycle Projection (NQ) 2015-05-29
As Featured In
Nasdaq 100 Jan 14 to Jan 18 Outlook
Lawrence’s Comment
Gapped lower right off opening of the week and flushed down to test the gap below after failure to break above previous week close. Shorts are squeezed after the gap was rejected a 2nd time. Drifted higher since to test Y+1. Closed the week near week high and below Y+1.
Outlook
As long as Y+1 stays as the resistance, it is more likely we get a flush back down to close the gap below Y-0.
There is a catch – NQ is weakest among the 3 major indices for now. It can be dragged up to clear Y+1 if Dow or ES breakout to the upside early next week. I am not that bullish but this rare scenario can happen as we witnessed that last year.
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