Trading Edges That Last
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Lawrence's Comment Recap This is WTF chart of the week. Multiple logistic / structural issues with Nasdaq that magically lifted the index back up to almost filling the gap from last week. ...READ MORELawrence's Comment Recap Consolidation as expected. 50% range. Closed the week above Y-0 and below midpoint. Outlook Inside week with a mildly weak close points to retest of B-1 likely. That can open the ...READ MORELawrence's Comment Recap Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train. Outlook B+1 is target ...READ MOREESNQAH High2421.005680.50AH Mid2418.885673.25AH Low2416.755666.00READ MORELawrence's Comment Recap Upside target tagged. Breakout right after and zoomed to almost Y+3. Closed the week at Y+2 and above midpoint. Outlook As mentioned last week, uptrend is intact thus aussie ...READ MOREHot n Cold (NQ) 2020-11-27US Market Pre-Open 2017-12-27Intraday Cycle Projection (NDX) 2018-02-01Nasdaq 100 Aug 26 to Aug 30 OutlookGBPUSD Jul 14 to Jul 18 OutlookHot n Cold (NDX) 2015-7-17USDJPY Feb 14 to Feb 18 OutlookIntraday Cycle Projection (NDX) 2023-03-17US Market Pre-Open 2017-6-28AUDUSD Jul 23 to Jul 27 Outlook
As Featured In
Nasdaq 100 May 02 to May 06 Outlook
Lawrence’s Comment
NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair step drop fashion. Closed the week below Y-2 and midpoint.
Outlook
More downside likely with complex pullback in between. Y-2 / B-0 test is normal but not necessary.
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