Trading Edges That Last
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Majority of custom market breadth readings, as of yesterday (Nov 11, 2014) closing, are now back to overbought condition. Upside is now very limited within 1% while downside risk ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Y-0 did not hold this down so Y+1 became the target and tagged quickly. Breakout above Y+1 gave us Y+2 target and that was tagged quickly too. Closed the ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREReady for a Pullback?Precog Vision – US Indices 2018-9-14Real-time Commentaries 2017-6-283DP Odds Table (NDX) 2019-04-24AUDUSD Apr 15 to Apr 19 OutlookIntraday Cycle Projection (NQ) 2020-07-08Hot n Cold (NQ) 2015-7-2Intraday Cycle Projection (NQ) 2014-01-31Intraday Cycle Projection (NDX) 2013-03-06Precog Vision – US Indices 2020-10-29
As Featured In
Nasdaq 100 May 19 to May 23 Outlook
Lawrence’s Comment
NQ started the week above Y+1 invalidated its down trend, making Y-0 strong support. NQ then failed to hold above Y+1 and flushed down to support. NQ held the support zone and bounced. Closed the week above Y-0 and midpoint.
Outlook
Those who do not look at the weekly and daily timeframe last week were very confused as they do not realize NQ was trying hard to break its down trend.
Now that its down trend is broken, it has to fight for enough momentum to go back up. A weak rally coming 2 weeks will spell trouble for NQ.
NQ needs to hold above Y-0 to stand a chance for a run to B+2.
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