Trading Edges That Last
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Lawrence's Comment Recap Got our consolidation-like range. Upside target of above mid-1830s printed. Closed the week above Y+1 and midpoint. Outlook Seasonal bullish bias used up at this point. No strong directional play until ...READ MOREESNQAH High4465.7514442.75AH Mid4461.2514428.38AH Low4456.7514414.00READ MORELawrence's Comment Recap Gap up above Y+1 leading to all out short squeeze. The extended target of Y+4 was tagged. Closed the week above Y+3. Outlook Right above B+1 is our 2X ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREReal-time Commentaries 2023-9-15S&P 500 Dec 30 to Jan 03 OutlookReal-time Commentaries 2024-3-5Intraday Cycle Projection (NDX) 2011-05-25US Market Pre-Open 2022-3-21Intraday Cycle Projection (NDX) 2012-11-22Nasdaq 100 Jan 23 to Jan 27 Outlook3DP Odds Table (NQ) 2012-08-243DP Odds Table (NQ) 2020-05-11Precog Vision – US Indices 2015-5-21
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Nasdaq 100 Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Couldn’t form a low early in the week above 4100 led to the expected stop hunt mentioned last week. Since then NQ gapped back up above 4100 and fought its way back up to challenge Y-1. NFP gave NQ the fuel needed to clear Y-1 and rushed back up to the crime scene. Closed the week below Y-0 and at week high.
Outlook
Very strong reversal formation in place on intraday basis but not on daily level. This means the run will be carried higher this week but may not be able to last. Above 4320 open gap zone if distribution is seen, we will get a drop back down to B-0 easily in coming weeks.
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