Trading Edges That Last
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Lawrence's Comment Recap Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint. Outlook Reversal came right on time, giving us a nice ...READ MORELawrence's Comment Recap As mentioned last week, strong support at Y-0 with more upside expected. Unfolded without surprise. Closed the week above Y+1 and midpoint. Outlook Aussie and Lonnie are both under the influence ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORE3DP Odds Table (NDX) 2013-08-293DP Odds Table (NDX) 2012-01-26AUDUSD May 12 to May 16 OutlookReal-time Commentaries 2017-4-17USDCAD Dec 02 to Dec 06 OutlookPrecog Vision – US Indices 2014-1-10Hot n Cold (NQ) 2014-8-29Intraday Cycle Projection (NQ) 2017-06-06Intraday Cycle Projection (NDX) 2014-10-06Intraday Cycle Projection (NDX) 2019-01-09
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Nasdaq 100 Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Feb close acted as resistance and selloff to fill gap below. That was the play mentioned last week. But it was all we got from the formation. 1-2-3 buy off the gap bottom points to a retest of week high and we got that as well. Friday struggled at Y+1 and sold off back down to week midpoint and closed the week above midpoint.
Outlook
If at the start of the week we get a selloff breaking B-0, then B-1 is very likely.
The more interesting scenario, however, is that a rally taking out B+1 quickly and close the gap above. As long as B+1 acts as support B+2 is the target.
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