Trading Edges That Last
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Lawrence's Comment Recap 3800 resistance mentioned last week produced a mild pullback late in the week. Bounced from Y-0 after it was tested. Closed the week above Y-0 and below midpoint. Outlook Unlike Dow ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREAs I mentioned today Oct 22, 2019 during real-time commentary that the way how the indices have lined up has created a very interesting scenario. I think we can take ...READ MOREIntraday Cycle Projection (NDX) 2020-06-05Intraday Cycle Projection (NQ) 2015-03-24Nasdaq 100 Jun 16 to Jun 20 OutlookPrecog Vision – US Indices 2013-5-8MBO Issue 94 Special Update3DP Odds Table (NDX) 2013-07-31Intraday Cycle Projection (NQ) 2020-02-28Hot n Cold (NQ) 2016-1-8GBPUSD May 18 to May 22 OutlookHot n Cold (NQ) 2011-8-29
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Nasdaq 100 Jun 08 to Jun 12 Outlook
Lawrence’s Comment
As explained last week, NQ likely test the nearest support below first. It did and attempted to take on Y+1 after Dow made its FBO against its Y-1. But NQ cannot even clear the former resistance zone. Pure STOPD play kicked in with Y-1 target. Y-1 tagged later in the week and bounced. Closed the week below Y-0 and B-0.
Outlook
Structurally the strongest of the 3 major indices. 4500 and above now well defined resistance. If NQ cannot move back above 4500 and turn that into support, we are looking for below B-2 in play.
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