Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Euro formed a 1-2-3 sell visible on 4 hour confirming the false breakout nature of the spike high. Y-1 breached easily. 100% absolute range expansion reached by the end ...READ MORELawrence's Comment Recap Intervention shock messed up the markets worldwide. Support at Y-1 failed to hold as everyone was trying to get out of the door at the same time. A ...READ MORELawrence's Comment Recap As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000. Outlook The rally is in melt up style implying ...READ MOREIntraday Cycle Projection (NQ) 2014-05-06EURUSD Jan 06 to Jan 10 OutlookReal-time Commentaries 2023-4-203DP Odds Table (NQ) 2013-07-15Real-time Commentaries 2014-12-17USDCAD Dec 05 to Dec 09 OutlookIntraday Cycle Projection (NQ) 2012-07-053DP Odds Table (NQ) 2022-03-18Dow 30 May 02 to May 06 OutlookHot n Cold (NDX) 2012-8-17
As Featured In
Nasdaq 100 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Brexit week NQ headed for Y+1 first, setting the stage for the collapse down to Y-3. No surprise at all. Initial reaction after Brexit on Friday open even tagged Y-1 perfectly to set up the sold off into close. Closed the week below Y-2 and near week low.
Outlook
More downside expected. Extreme volatility in the making. Margin hikes reported everywhere. Day traders should trade with caution as central banks and G7 may use sudden announcements to trap the shorts and force a short term bottom.
Share