Trading Edges That Last
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Lawrence's Comment Recap Pulled back to our downside target from last week then consolidate. Retest of Y+1 failed to breakout to the upside. Outlook Direction is not established from the test. Hence we ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NQ) 2018-11-15Real-time Commentaries 2013-7-17Precog Vision – US Indices 2019-11-26US Market Pre-Open 2013-4-22AUDUSD Jul 11 to Jul 15 OutlookHot n Cold (NQ) 2018-2-9Hot n Cold (NQ) 2021-4-16Precog Vision – US Indices 2019-7-30Real-time Commentaries 2019-3-153DP Odds Table (NQ) 2014-01-15
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Nasdaq 100 Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Gapped down to almost Y-3 to start the week. Then buying just show up and zoomed NQ back up to Y-0. 3 pushes up and failed to go above Y-0 led to another flush down. This time NQ tagged Y-3 an filled the gap below. Another wave of buying showed up and zoomed NQ back to almost Y+1. Pure mess of 40+ points swings 2 more times. Closed the week above midpoint and near Y-0.
Outlook
Breakout downside happened and tagged the target, so not bad for a swing trade. Holding Y-3 was also expected due to the bullish bias on higher timeframe. What I did not expect was 40+ points swings for so many times. Something is changing in the price movement characteristics here.
This week looking for Y+1 to be tagged as the downside is decidedly rejected 3 times. Closing above Y-1 and midpoint is the other clue pointing to bullish bias this week. Will not be surprise that NQ zoom straight up to Y+2 and consolidate above B+1.
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