Recap Volatility picked up as expected. Dropped to Y-3 and bounced. Zoomed back up to previous year close and have that taken care of. Closed the week near Y-1 and above midpoint.
Outlook B-0 gap likely retested. Failing to hold above Y-2 will send NQ down to B-1 retest. Can be the start of a deeper correction until B+1 is breached.
Lawrence's Comment
Recap
Did not expect BOJ's sudden announcement but the chart told us that it did not want to drop. The footprint of those who knows staring at us with not ...
Nasdaq 100 Jan 12 to Jan 16 Outlook
Lawrence’s Comment
Volatility picked up as expected. Dropped to Y-3 and bounced. Zoomed back up to previous year close and have that taken care of. Closed the week near Y-1 and above midpoint.
Outlook
B-0 gap likely retested. Failing to hold above Y-2 will send NQ down to B-1 retest. Can be the start of a deeper correction until B+1 is breached.
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