Recap NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of Y+1 and eventual breakout to Y+2 and above. Closed the week above Y+2 and near week high.
Outlook Blow off run in the making, can mean slow drift up further until Y+3 normal surprise breakout target. B+1 turning into resistance will give us a pullback to at least filling the open gap below.
Lawrence's Comment
Recap
As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below ...
Lawrence's Comment
Recap
What resistance? NQ simply popped higher right from the start of the week and stayed above previous week close. Once Dow and S&P are ready, all 3 indices jumped ...
Lawrence's Comment
Recap
Looking for weaknesses last week and we got that. ES tagged the minimal 5% pullback for the seasonal bias and took off since. ES did not stop until hitting ...
Nasdaq 100 Apr 27 to May 01 Outlook
Lawrence’s Comment
NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of Y+1 and eventual breakout to Y+2 and above. Closed the week above Y+2 and near week high.
Outlook
Blow off run in the making, can mean slow drift up further until Y+3 normal surprise breakout target. B+1 turning into resistance will give us a pullback to at least filling the open gap below.
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