Trading Edges That Last
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Lawrence's Comment Recap Spike and ledge setup trigger by FBO against Y+1 first, giving way to Y-1. Closed the week near Y-1 and week low. Outlook If last week is the 2nd ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREESNQAH High1472.502741.00AH Mid1466.502728.75AH Low1460.502716.50READ MORELawrence's Comment Recap Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below ...READ MOREGBPUSD Aug 08 to Aug 12 OutlookPrecog Vision – US Indices 2022-2-23US Market Pre-Open 2013-1-17Real-time Commentaries 2016-9-16Intraday Cycle Projection (NDX) 2012-08-283DP Odds Table (NQ) 2016-05-06US Market 2010-11-263DP Odds Table (NDX) 2018-03-07Hot n Cold (NDX) 2011-6-1GBPUSD May 04 to May 08 Outlook
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Nasdaq 100 May 05 to May 09 Outlook
Lawrence’s Comment
NQ was the only normal index out of the big 3 last week. Test of Y-0 gave us a break below Y-1. Found support at 3400 round number. Spike reversal gave us upside target of Y-0 again. NQ then held previous week close setting the stage for a run to Y+1. NFP Friday did nothing to NQ. It just consolidated. Closed the week above Y-0 and midpoint.
Outlook
Retest of Y+1 stayed below Y+1. If NQ just break B-0 quickly next weekly without tagging Y+1 it will be very bearish with target going down to B-1 again.
If B-0 acts as support, it will be the first time NQ in past few months showing some strength against the prevailing trend on daily. Upside breakout above B+1 will likely give us B+2 quickly.
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