Trading Edges That Last
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Lawrence's Comment Recap The above Y-2 bottoming scenario unfolded. Double bottom with a run to Y+1 by end of the week. Closed the week above Y-0 and at week high. Outlook B-0 ...READ MORELawrence's Comment Recap I thought the backfill back down to Y-1 was going to be choppy. Instead, we got this clean directional slide all the way down. Cleared Y-1 easily and then ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREAUDUSD Nov 05 to Nov 09 OutlookEURUSD Jul 17 to Jul 21 Outlook3DP Odds Table (NDX) 2022-03-08Real-time Commentaries 2019-12-19AUDUSD Jan 12 to Jan 16 Outlook3DP Odds Table (NQ) 2022-11-043DP Odds Table (NQ) 2022-10-17Nasdaq 100 Oct 02 to Oct 06 OutlookS&P 500 Dec 16 to Dec 20 OutlookPrecog Vision – US Indices 2020-8-28
As Featured In
Nasdaq 100 Jul 29 to Aug 02 Outlook
Lawrence’s Comment
NQ edged lower below Y-1 but never really stayed below the support level. Took it a week to breakout upside. Closed the week near week high and above Y-0.
Outlook
Whole week was a bear flag / rising wedge.
Rally from here will have limited upside potential with selloff risk down to B-2 and B-3 easily.
Bulls will not give up easily so expect extreme volatility from here.
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