Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Multiple gap down early in the week was defended at Y-0. Eventually, breakout of the bull flag and led to a run to target above Y+1. Reverse waterfall effect ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREIntraday Cycle Projection (NQ) 2016-03-10Real-time Commentaries 2021-12-10Dow 30 Feb 01 to Feb 05 OutlookIntraday Cycle Projection (NDX) 2011-08-31Weekly Cycle Projection (NQ) 2021-10-04Intraday Cycle Projection (NQ) 2012-08-27Real-time Commentaries 2014-7-11Dow 30 Mar 21 to Mar 25 OutlookPrecog Vision – US Indices 2014-4-16Precog Vision – US Indices 2018-8-20
As Featured In
Nasdaq 100 Oct 12 to Oct 16 Outlook
Lawrence’s Comment
NQ gapped above Y+1 and filled the open gap above early in the week. Since then NQ struggled to go higher but holding onto its support at Y+1. End of week rally carried NQ to its normal upside target of Y+2. Closed the week near Y+2 and week high.
Outlook
As explained last week, NQ is not the strong one in terms of overall formation comparing to Dow or ES. FBO against Y+2 or simplyfailing to hold above B-0 will create a bearish ledge breakout failure formation with downside target of B-2.
Share