Trading Edges That Last
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Lawrence's Comment Recap Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go ...READ MOREOverview Emini overnight range 1995.75 up to 2011.00 (at 9:00 am) Overnight Midpoint 2003.50 Previous Day Low 2002.00 Emini S&P is now trading at the bottom part of its range with ...READ MOREESNQAH High1563.752792.50AH Mid1561.382787.38AH Low1559.002782.25READ MOREESNQAH High4353.7514797.50AH Mid4348.1314770.00AH Low4342.5014742.50READ MOREESNQAH High3678.7511347.00AH Mid3670.8811322.63AH Low3663.0011298.25READ MOREEmini Night Owl Long Play trading system is designed to take advantage of the overnight range expansion behaviour mentioned in the Emini S&P Afterhours Behaviour series. This model has strict ...READ MORE3DP Odds Table (NQ) 2018-08-15USDJPY Jul 23 to Jul 27 OutlookIntraday Cycle Projection (NDX) 2011-06-14Emini S&P Battleplan Mar 15, 2016Real-time Commentaries 2014-12-10Real-time Commentaries 2014-12-18US Market Pre-Open 2013-4-9US Market Pre-Open 2021-9-29US Market Pre-Open 2022-9-27Overnight Bias: Emini Night Owl Long Play
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Nasdaq 100 Jun 02 to Jun 06 Outlook
Lawrence’s Comment
NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the week near Y+2 and above midpoint.
Outlook
The over extended condition continues but the lack of volume issue as mentioned last week helps the bulls to push NQ higher.
A pullback is due with B-1 and Y+1 as likely targets. It can happen quickly and unexpectedly because of the low volume condition. Swing traders will have a difficult time to take advantage of the pullback, if there is one.
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