Trading Edges That Last
- You May Also LikeESNQAH High2846.007283.00AH Mid2841.757269.50AH Low2837.507256.00READ MORE
Lawrence's Comment Recap Inside week. Y-1 tested and bounced off. Rallied to almost Y+1 and stalled. Closed the week near Y-1. Outlook End of week selloff was driven by news. US dollar ...READ MORELawrence's Comment Recap 50% previous week range consolidation. Happens often after an initiate reversal. Closed the week near midpoint. Outlook A run to B+1 will trigger a run to Y+1, B+2 and ...READ MORELawrence's Comment Recap Pullback to Y-1 as expected. Found support and zoomed back up until 100% absolute range expansion. Closed the week near Y-0 and midpoint. Outlook Normal pullback in progress. Holding Y-0 / ...READ MOREIntraday Cycle Projection (NDX) 2016-09-30US Market Pre-Open 2019-6-7USDCAD Sep 03 to Sep 07 OutlookGBPUSD Aug 31 to Sep 04 OutlookReal-time Commentaries 2014-6-6AUDUSD Apr 23 to Apr 27 OutlookAUDUSD Jun 23 to Jun 27 OutlookIntraday Cycle Projection (NDX) 2020-06-30Intraday Cycle Projection (NDX) 2020-08-31Intraday Cycle Projection (NQ) 2013-07-16
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Nasdaq 100 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Essentially rallied the whole week as expected. Rallied from Y-1 to Y+2 target. Made new high for the year by close.
Outlook
Weekly new high for the year on close is very bullish signal. It points to buying all pullbacks until we get a blowoff top.
The catch, as stated in the comments for Dow, is that if US officials disappoint the world by really doing the right thing to cut its deficit and tax more, the US stock market will crash down hard. Key level is B-0. If it turns into resistance, it can send NQ down to B-1. If B-1 breaks and close below that on weekly basis, NQ will face a potential selloff 1st target at 2250.
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