Trading Edges That Last
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Lawrence's Comment Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and ...READ MOREESNQAH High2069.504632.75AH Mid2068.634631.00AH Low2067.754629.25READ MORELawrence's Comment Recap Y-0 resistance sent Aussie down to Y-1. Y-1 acted as support sent Aussie back up to Y-0. Closed the week near Y-1 and below midpoint. Outlook Tight range week with no ...READ MORELawrence's Comment Recap Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed ...READ MORELawrence's Comment Recap As expected, ES dropped below 2000 to challenge its monthly support zone. Picture perfect Y-2 test sent ES striaght back up to Y-1, breakout and zoom higher to Y-0 ...READ MOREESNQAH High2747.757142.00AH Mid2744.507130.38AH Low2741.257118.75READ MOREDow 30 Apr 18 to Apr 22 OutlookHot n Cold (NDX) 2011-8-19USDJPY May 22 to May 26 OutlookUS Market Pre-Open 2015-11-12AUDUSD Oct 26 to Oct 30 OutlookHot n Cold (NQ) 2014-8-8EURUSD Dec 22 to Dec 26 OutlookIntraday Cycle Projection (NDX) 2019-03-14S&P 500 Jul 04 to Jul 08 OutlookUS Market Pre-Open 2018-10-24
As Featured In
Nasdaq 100 Mar 24 to Mar 28 Outlook
Lawrence’s Comment
Situation in Crimea produced the spike reversal I was looking for. It happened overnight from Sunday which is not showing on this chart. Short squeeze produced a measured move back up to equal distance from Y-0. Upside was then capped due to option expiration hedging. Closed the week below Y-0 and near week low.
Outlook
Weakest out of the 3 main indices. Inside week with very weak close. Looking for the remainder of the open gap right below to be taken care of quickly.
As long as NQ can find support around B-2, it has a good chance to bounce back up to 3650 area.
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