Trading Edges That Last
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Lawrence's Comment Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint. Outlook 1.08 ...READ MOREESNQAH High3240.758783.75AH Mid3237.388773.50AH Low3234.008763.25READ MORELawrence's Comment Recap Resistance at previous week close kept NQ from going higher with the other 2 indices. A flush back down to pre-break out crime scene produced a sharp rally clearing ...READ MORE3DP Odds Table (NQ) 2022-01-133DP Odds Table (NQ) 2016-12-23USDCAD Jan 20 to Jan 24 OutlookHot n Cold (NQ) 2020-10-163DP Odds Table (NQ) 2012-09-17US Market Pre-Open 2020-1-2Intraday Cycle Projection (NDX) 2016-12-083DP Odds Table (NQ) 2016-11-16Nasdaq 100 Mar 14 to Mar 18 Outlook3DP Odds Table (NDX) 2022-10-03
As Featured In
Nasdaq 100 Mar 17 to Mar 21 Outlook
Lawrence’s Comment
NQ failed to clear former resistance from Y-0 has opened the door to gap fill below. Got that in 1 go and a strong bounce was resulted. Yet NQ failed to even tag the week high and stalled already. This lower high drop intensified until 100% absolute range was reached. Closed the week below Y-1 and at week low.
Outlook
More downside expected.
Spike reversal from below B-1 to Y-1 will trigger strong squeeze back up to B-0.
If the situation in Ukraine does not produce significant change to the situation, meaning that more waiting is necessary, then wide range consolidation around Y-1 / B-1 is likely.
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