Recap NQ Y+1 resistance gave us the drop to Y-0 as expected and that in turn unlocked the open gap and led to free fall back down to Y-1. NQ found support at 100% absolute range expansion and bouned. Closed the week below Y-0 and midpoint.
Outlook Y-0 / B-0 very strong resistance until proven otherwise. A break of Y-1 / B-1 will give us B-2 easily.
Lawrence's Comment
Recap
Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. ...
Overview
Emini overnight range 2173.50 to 2181.00 (at 9:00 am)
Overnight Midpoint 2177.25
Previous Week Close 2180.00
Battleplan for the Day
(premium member only content below)
Lawrence's Comment
Recap
Take a look at the comments on Euro as Cable was behaving exactly like Euro last week.
Outlook
The timing of the new infinite QE program by Fed tells ...
Nasdaq 100 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
NQ Y+1 resistance gave us the drop to Y-0 as expected and that in turn unlocked the open gap and led to free fall back down to Y-1. NQ found support at 100% absolute range expansion and bouned. Closed the week below Y-0 and midpoint.
Outlook
Y-0 / B-0 very strong resistance until proven otherwise. A break of Y-1 / B-1 will give us B-2 easily.
Share