Trading Edges That Last
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Lawrence's Comment Recap Congestion between Y-0 and Y+1 as expected. Outlook It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High1250.752269.75AH Mid1247.252264.00AH Low1243.752258.25READ MORE
As Featured In
Nasdaq 100 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Resistance above Y+1 failed to get NQ filling the open gap below. That in turn produced an upside breakout giving us 100% range expansion off the tight range. Closed the week above Y+1 and near week high.
Outlook
Upside triangle points to more upside still in play. Until B+1 turning into resistance with B-0 cleared quickly, long is still in control. Bearish scenario points to B-2 / open gap fill below.
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