Recap NQ wild swings between previous week close and Y+1. Broke out upside but failed to stay above. That opened the door back down to Y-0. NQ finally catch up with Dow and S&P by Thursday and dropped down to Y-0. Closed the week below Y-0 and at week low.
Outlook Strongest among the big 3 indices in terms of weekly structure. This will change if NQ fails to defend Y-1.
As long as Y-0 to B-0 area acting as resistance, NQ will go lower to tag B-2. From there, we will find out how bullish NQ really is by observing the reactions from the long term players.
Lawrence's Comment
Recap
Nailed this one as early in the week it popped above Y+1 quickly setting the stage for a run to at least Y+2. Rallied all the way ...
Lawrence's Comment
Recap
As expected long continuation week for Aussie. Closed the week at week high.
Outlook
The rally last week was a bit weaker than expected. As all other currencies are ...
Lawrence's Comment
Recap
Double news shock. First one sending the pair higher but it failed to stay above Y+1. Second one dropping the pair below Y-0 yet failed to keep it ...
Nasdaq 100 Jan 27 to Jan 31 Outlook
Lawrence’s Comment
NQ wild swings between previous week close and Y+1. Broke out upside but failed to stay above. That opened the door back down to Y-0. NQ finally catch up with Dow and S&P by Thursday and dropped down to Y-0. Closed the week below Y-0 and at week low.
Outlook
Strongest among the big 3 indices in terms of weekly structure. This will change if NQ fails to defend Y-1.
As long as Y-0 to B-0 area acting as resistance, NQ will go lower to tag B-2. From there, we will find out how bullish NQ really is by observing the reactions from the long term players.
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