Trading Edges That Last
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Lawrence's Comment Recap Nothing happened to Euro, so cable stayed there in consolidation. Y+1 resistance sent cable back down to Y-0 and then it took off to new high. Equal distance from ...READ MOREIntraday Cycle Projection (NDX) 2022-03-313DP Odds Table (NDX) 2015-06-08Hot n Cold (NDX) 2011-11-22Precog Vision – US Indices 2013-3-25Hot n Cold (NQ) 2017-8-18Precog Vision – US Indices 2018-9-273DP Odds Table (NQ) 2019-07-19Real-time Commentaries 2016-12-29Precog Vision – US Indices 2012-11-26GBPUSD Feb 23 to Feb 27 Outlook
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Nasdaq 100 May 20 to May 24 Outlook
Lawrence’s Comment
Zoomed higher to Y+2 and consolided since. Later in the week, drifted higher and eventually breakout to the upside. Closed the week at week high and above Y+3.
Outlook
Out of the 3 indices, NQ has been behaving quite normally for option expiration as we have seen 2 ways swings at least until Thursday. The close at extreme for op ex often happens when majority of the market participants are betting on the wrong side.
NQ in a thin up channel all the way for 2 weeks. It cannot last and the likely result is a break of the channel pattern and move back to the start of the channel which stands at Y-1 / the upper boundary of the huge gap below.
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