Recap Consolidation in our prescribed range most of the week until Fed announcement took place. Then all out short squeeze started until 100% absolute range expansion reached by Friday. Closed the week above Y+2.
Outlook See Euro and Cable comments on Fed policy change.
A pullback is due down to B-0. Option expiration week tends to negate some part of the prior week actions.
Lawrence's Comment
Recap
No test of Y-0 was possible as NQ gap above Y+1 to start the week. Gap and go sent NQ above Y+2. Closed the week near Y+2 and above ...
Dow 30 Sep 17 to Sep 21 Outlook
Lawrence’s Comment
Consolidation in our prescribed range most of the week until Fed announcement took place. Then all out short squeeze started until 100% absolute range expansion reached by Friday. Closed the week above Y+2.
Outlook
See Euro and Cable comments on Fed policy change.
A pullback is due down to B-0. Option expiration week tends to negate some part of the prior week actions.
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