Trading Edges That Last
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Lawrence's Comment Recap Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1. Outlook Clearly the weekly price levels are not honoured last week. ...READ MORELawrence's Comment Recap Y+1 support helped ninja to push straight up to Y+3 breakout target. Closed the week near Y+3 and above midpoint. Outlook Initial run probably done. Y+3 resistance will signal ...READ MOREESNQAH High2912.507661.50AH Mid2909.637651.75AH Low2906.757642.00READ MOREIntraday Cycle Projection (NDX) 2012-01-10Intraday Cycle Projection (NQ) 2012-03-203DP Odds Table (NQ) 2013-12-11USDCAD Jan 16 to Jan 20 OutlookUSDJPY Sep 05 to Sep 09 Outlook3DP Odds Table (NQ) 2023-03-24Hot n Cold (NQ) 2019-12-63DP Odds Table (NDX) 2021-02-23Intraday Cycle Projection (NDX) 2013-12-18US Market Pre-Open 2019-10-4
As Featured In
Nasdaq 100 Nov 16 to Nov 20 Outlook
Lawrence’s Comment
NQ followed the other 2 indices breaking its daily support and slided down to B-1 and in turn breaking B-2 as mentioned last week. The waterfall effect helped NQ to backfill its huge open gap below. Closed the week below Y-4 and at week low.
Outlook
Support from B-1 / Y-5 has to prove their strength first before a bounce can happen. A quick drop to B-2 is in the card if players with high leverage are forced to liquidate their long positions.
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