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Lawrence's Comment Recap Retest of Y+1 as expected. Failed to clear it, gave us consolidation above Y-0. Closed the week above Y-0 and near midpoint. Outlook Inside week and extreme tight range. Breakout play ...READ MORELawrence's Comment Recap Y-0 acted as resistance at the start of the week, gave us the decisive break of Y-1 and dropped down to target Y-3. This is the easiest play for ...READ MORELawrence's Comment Recap Gapped below support zone to start the week but found support at the former breakout crime scene quickly. NQ surged higher and filled the weekly gap above. Resistance near ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREGBPUSD Apr 28 to May 02 OutlookDow 30 Dec 09 to Dec 13 OutlookNasdaq 100 Oct 03 to Oct 07 OutlookHot n Cold (NDX) 2019-2-13DP Odds Table (NDX) 2016-05-31Real-time Commentaries 2018-12-17Dow 30 Nov 29 to Dec 03 OutlookHot n Cold (NQ) 2012-8-23DP Odds Table (NDX) 2011-09-27Precog Vision – US Indices 2020-2-11
As Featured In
Nasdaq 100 Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then end of week news shock produced a squeeze back up to Y+1.
Outlook
Once Y+1 / B+1 is cleared and turning into support, NQ can go a lot higher, not just B+2 or B+3. There will be enough trapped shorts to push this much higher as this base took almost 2 months to build.
The less likely scenario is that the breakout failed to materialize. Once B-0 is breached we should get B-2 quickly.
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