Trading Edges That Last
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Lawrence's Comment Recap Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not ...READ MORELawrence's Comment Recap Bearish bias played out well last week. Normal breakdown play target Y-3 tagged and acted as support. Price consolidated since. Closed the week near Y-2 and midpoint. Outlook Situation ...READ MOREIntraday Cycle Projection (NQ) 2017-03-083DP Odds Table (NDX) 2022-11-07USDJPY May 06 to May 10 OutlookIntraday Cycle Projection (NDX) 2023-05-02EURUSD Jun 20 to Jun 24 OutlookEURUSD Mar 01 to Mar 05 OutlookHot n Cold (NDX) 2018-11-93DP Odds Table (NDX) 2020-02-20Intraday Cycle Projection (NQ) 2022-06-15Dow 30 Jul 06 to Jul 10 Outlook
As Featured In
Nasdaq 100 Mar 09 to Mar 13 Outlook
Lawrence’s Comment
NQ started out the week very strong tagging Y+2. It then failed to hold above Y+1 and slided all the way back down to Y-1 which I warned about. From there NQ continues to show strength by rallying back up to Y+1. After NFP was out, NQ could no longer hold up and collapsed straight down to Y-3.
Outlook
NQ does not have a lot of support at the current level. If higher timeframe players show up, NQ may be able to bounce from Y-4 area and consolidate from there. Until B-1 is proven support, up side is limited.
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