Trading Edges That Last
- You May Also LikeESNQAH High1404.002773.25AH Mid1398.882765.13AH Low1393.752757.00READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREUS Market Pre-Open 2012-3-29Nasdaq 100 May 07 to May 11 Outlook3DP Odds Table (NDX) 2017-10-11Precog Vision – US Indices 2015-4-27Hot n Cold (NDX) 2020-12-31Intraday Cycle Projection (NQ) 2017-02-103DP Odds Table (NDX) 2022-01-10Nasdaq 100 Jun 13 to Jun 17 OutlookReal-time Commentaries 2011-12-153DP Odds Table (NQ) 2013-12-12
As Featured In
Nasdaq 100 Nov 25 to Nov 29 Outlook
Lawrence’s Comment
NQ sold off in the beginning of the week as expected. It sold off back down to the crime scene where the short squeeze originally started. Since then NQ followed S&P to zoom back up higher. Closed the week at Y+1 and near week high.
Outlook
As mentioned last week NQ is weaker structurally comparing to Dow and S&P. Since it is the momentum leader of the 3 indices. My conjecture of a longer term top building is partially confirmed.
As long as B+1 acting as resistance NQ will have a very hard time to go higher. Dropping back down to B-0 and below likely.
Beware that seasonal strength can limit the downside moves and exaggerate the upside ones.
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