Trading Edges That Last
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Lawrence's Comment Recap Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...READ MORELawrence's Comment Recap Got 1st upside target and almost 2nd one (Y+2) before news shock took it back down quickly. Closed the week near Y+1 and below midpoint. Outlook If a 2nd ...READ MOREFor more information about this report please refer to the Market Bias Informant pageREAD MOREReal-time Commentaries 2024-2-8Dow 30 Nov 21 to Nov 25 OutlookNasdaq 100 Mar 31 to Apr 04 OutlookS&P 500 Jun 27 to Jul 01 Outlook3DP Odds Table (ES) 2015-03-17Nasdaq 100 Jul 09 to Jul 13 OutlookIntraday Cycle Projection (ES) 2013-03-283DP Odds Table (SPY) 2014-05-08Precog Vision – US Indices 2012-8-29Dow 30 Jul 10 to Jul 14 Outlook
As Featured In
S&P 500 Dec 26 to Dec 30 Outlook
Lawrence’s Comment
As indicated in the comments for Dow, we got the sell climax reading in breadth on Monday and that marked the end of the selloff. Rallied all the way almost to our upside target of B+2. Not reaching that for a good reason because ES has reached 150% absolute range expansion there. Closed the week at its high.
Outlook
Consolidation this week between Y+1 upto Y+2. If ES continue to zoom up quickly to Y+3, then a sharp selloff is in play in last 2 trading days of the year.
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