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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 ...READ MOREAUDUSD Jun 18 to Jun 22 OutlookIntraday Cycle Projection (NDX) 2016-11-283DP Odds Table (NDX) 2018-02-07Intraday Cycle Projection (NQ) 2023-03-29Hot n Cold (NDX) 2022-7-22Intraday Cycle Projection (NQ) 2014-02-12Intraday Cycle Projection (NDX) 2011-11-02Weekly Cycle Projection (NQ) 2019-11-043DP Odds Table (NDX) 2014-08-11Intraday Cycle Projection (NDX) 2016-04-15
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Nasdaq 100 Nov 16 to Nov 20 Outlook
Lawrence’s Comment
NQ followed the other 2 indices breaking its daily support and slided down to B-1 and in turn breaking B-2 as mentioned last week. The waterfall effect helped NQ to backfill its huge open gap below. Closed the week below Y-4 and at week low.
Outlook
Support from B-1 / Y-5 has to prove their strength first before a bounce can happen. A quick drop to B-2 is in the card if players with high leverage are forced to liquidate their long positions.
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