Recap Flip-flop all week as expected. 50% range again. Closed the week above Y-0 and near midpoint.
Outlook 2nd week 50% range points to range expansion is coming soon so expect extreme swings again. Remember volatility is not a sign of directional change until confirmed by price patterns. A test of B+2 can easily lead to a drop to B-2 without telling us the real trend at all. Read comments on Dow for more information.
Nasdaq 100 Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Flip-flop all week as expected. 50% range again. Closed the week above Y-0 and near midpoint.
Outlook
2nd week 50% range points to range expansion is coming soon so expect extreme swings again. Remember volatility is not a sign of directional change until confirmed by price patterns. A test of B+2 can easily lead to a drop to B-2 without telling us the real trend at all. Read comments on Dow for more information.
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