Recap Bearish bias worked out. Y-1 tagged first thing for the week. Struggled around Y-1 and eventually tagged Y-2 as well. NQ found strong buying from there back up to Y-1. Squeeze started on Thursday sending NQ back up to right below Y-0 and then NFP report sent NQ straight up to above Y+1. Closed the week above Y+1 and near week high.
Outlook NQ weekly down trend broken. Support at B-0 down to Y-1. Wide range week points to consolidation around B+1.
Lawrence's Comment
Recap
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and ...
Nasdaq 100 Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Bearish bias worked out. Y-1 tagged first thing for the week. Struggled around Y-1 and eventually tagged Y-2 as well. NQ found strong buying from there back up to Y-1. Squeeze started on Thursday sending NQ back up to right below Y-0 and then NFP report sent NQ straight up to above Y+1. Closed the week above Y+1 and near week high.
Outlook
NQ weekly down trend broken. Support at B-0 down to Y-1. Wide range week points to consolidation around B+1.
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