Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as support and we got the breakout to Y+2. But the rally did not last. Y+1 not even acting as support when news hit and ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MORELawrence's Comment Recap Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback ...READ MORELawrence's Comment Recap Dow opened down at Y-2 and triggered a flush down to Y-3, all happening within the first 30 minutes of the week. Since then extreme 2 way swings until ...READ MOREAUDUSD Jul 05 to Jul 09 Outlook3DP Odds Table (NDX) 2022-07-253DP Odds Table (NDX) 2021-01-29USDJPY May 21 to May 25 OutlookPrecog Vision – US Indices 2011-10-10AUDUSD Mar 18 to Mar 22 OutlookReal-time Commentaries 2013-5-16Real-time Commentaries 2016-2-2Dow 30 Aug 31 to Sep 04 OutlookHot n Cold (NDX) 2011-8-12
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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