Recap NQ failed to clear prior week close and collapsed back down to Y-0. Y-0 has been acting as resistance since and sent NQ down to Y-1. Y-1 support led to a bounce back up to Y-0 again. Closed the week below Y-0 and midpoint.
Outlook Two way potential. IHS at the start of the week clearing 4200 quickly points to a reversal back up to Y+1. Continuation sell off down to B-1 will likely range expand to B-2. Very difficult week to trade given the wide decision range is involved.
Lawrence's Comment
Recap
The more interesting scenario happened. Cable held Y-0, breakout of Y+1 and gave us 1.60 and Y+3 in 1 go. Essentially no heat taken. Cannot ask for ...
Nasdaq 100 Feb 02 to Feb 06 Outlook
Lawrence’s Comment
NQ failed to clear prior week close and collapsed back down to Y-0. Y-0 has been acting as resistance since and sent NQ down to Y-1. Y-1 support led to a bounce back up to Y-0 again. Closed the week below Y-0 and midpoint.
Outlook
Two way potential. IHS at the start of the week clearing 4200 quickly points to a reversal back up to Y+1. Continuation sell off down to B-1 will likely range expand to B-2. Very difficult week to trade given the wide decision range is involved.
Share