Recap Gapped above Y+1 on Monday and closed below. All out selloff induced until 100% absolute range expansion right above Y-1. NQ then tried very hard to produce a low and failed to do so as midpoint proven too strong to break. Closed the week below Y-0 and midpoint.
Outlook Uptrend on daily is not broken. I am bearish and I have indicated clearly I am still swing short ES in my long term idea thread in the discussion area. So I am not a bull b.s. my way for the bullish case here. I was looking for an outside reversal week and it did not happen. The buying is clearly showing at the 2630 level to spike NQ back up. As long as B-1 holds, a break above B-0 will induce a run back up to B+1 quickly. Not really good news for bears including me.
Lawrence's Comment
Recap
Hurriance Sandy removed 2 trading days off the week and that impact showed up clearly in this compressed trading week. Quick flush back down to right above ...
Lawrence's Comment
Recap
As expected we got a pullback and support was found above Y-0. Gave us a push to above Y+1. Closed the week above Y+1 and near week ...
Nasdaq 100 Dec 10 to Dec 14 Outlook
Lawrence’s Comment
Gapped above Y+1 on Monday and closed below. All out selloff induced until 100% absolute range expansion right above Y-1. NQ then tried very hard to produce a low and failed to do so as midpoint proven too strong to break. Closed the week below Y-0 and midpoint.
Outlook
Uptrend on daily is not broken. I am bearish and I have indicated clearly I am still swing short ES in my long term idea thread in the discussion area. So I am not a bull b.s. my way for the bullish case here.
I was looking for an outside reversal week and it did not happen. The buying is clearly showing at the 2630 level to spike NQ back up.
As long as B-1 holds, a break above B-0 will induce a run back up to B+1 quickly.
Not really good news for bears including me.
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