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Lawrence's Comment Recap Tagged my downside target of Y-3 in one quick flush. Then bounced back up at once. By end of the week sellers gave up and Ninja moved back up ...READ MOREESNQAH High2021.254425.25AH Mid2018.504420.13AH Low2015.754415.00READ 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 MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREUSDJPY May 22 to May 26 OutlookPrecog Vision – US Indices 2011-5-3USDJPY Apr 22 to Apr 26 OutlookReal-time Commentaries 2016-5-26Real-time Commentaries 2015-6-30US Market Pre-Open 2015-10-21Precog Vision – US Indices 2012-12-25Precog Vision – US Indices 2014-6-103DP Odds Table (NQ) 2017-08-22Precog Vision – US Indices 2022-5-4
As Featured In
Nasdaq 100 Oct 17 to Oct 21 Outlook
Lawrence’s Comment
Strongest of the 3 indices – upside range expansion followed fib ratio instead of the more structured 50%. That tells us the rally is getting emotional. Closed the week at the high of the range.
Outlook
A blowoff top is likely as short squeeze rally do not usually end with rounding top. A quick melt up to B+2 or even B+3 on Monday and quickly selloff back below B+1 by Tuesday or Wednesday will confirm the top.
If instead NQ goes into a choppy range and decline slowly back down to B-1 and bounce off, another up leg will take out B+1 with more upside in store over the coming weeks in November as historically that is a much more bullish time period.
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