Trading Edges That Last
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Lawrence's Comment Recap Long bias from last week was simple but proven not easy for many. Dow just popped back up to Y-0 and went sideway. Then it took off without filling ...READ MORELawrence's Comment Recap Total collapse in the beginning of the week. Yet formed a double bottom from there and zoomed back up to previous week close. Failed from there and ...READ MORELawrence's Comment Recap Cleared my resistance zone. Landed at target Y+3. Good enough for me. Closed the week at Y+3 and near week high. Outlook Two possible scenarios. First, consolidation around or above B+1 ...READ MOREIntraday Cycle Projection (NDX) 2019-06-19Dow 30 Dec 23 to Dec 27 OutlookDow 30 Jul 02 to Jul 06 OutlookIntraday Cycle Projection (NDX) 2015-02-06Intraday Cycle Projection (NDX) 2015-04-24Weekly Cycle Projection (NDX) 2019-05-063DP Odds Table (NQ) 2015-04-24Real-time Commentaries 2015-5-20USDJPY May 13 to May 17 OutlookEURUSD May 18 to May 22 Outlook
As Featured In
Nasdaq 100 Jul 14 to Jul 18 Outlook
Lawrence’s Comment
Affected by the other 2 indices, NQ was pulled down quickly towards Y-0 which induced a flush down to its open gap below from the prior week. Drifted higher since but another market shock forced a gap down to Y-1 which was bought magically. Closed the week above Y-0 and midpoint.
Outlook
Strongest among the 3 indices, inside week with strong close points to retest of Y+1 / B+1 likely.
The retest will likely be met with strong selling due to the number of trapped longs from the past 2 weeks above Y-0.
A weekly level pullback is in the making if NQ fails tag B+1 first before coming back down to B-0. This will open the door to B-1 and below over the coming few weeks.
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