Trading Edges That Last
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Lawrence's Comment Recap Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NDX) 2017-12-073DP Odds Table (NDX) 2012-11-283DP Odds Table (NQ) 2017-12-153DP Odds Table (NDX) 2013-07-24USDCAD Mar 23 to Mar 27 OutlookIntraday Cycle Projection (NQ) 2013-07-15Real-time Commentaries 2015-7-6Intraday Cycle Projection (NDX) 2017-02-023DP Odds Table (NDX) 2018-08-24Precog Vision – US Indices 2021-12-21
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Nasdaq 100 Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Y-0 failed to hold NQ down, gave it the perfect excuse to squeeze back up to Y+1. NQ was able to hold above Y+1 and consolidated there. Closed the week above Y+1 and near week high.
Outlook
A retest of Y+1 is in order. Breaking below on daily closing basis points to at least moving back down to B-0 if not lower. As oppose to what many people may think, NQ is not making a bullish pattern here. It is developing a complex top that is often seen in Nasdaq stocks.
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