Recap Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to hold onto the gain. Closed the week above Y+2 and midpoint.
Outlook Potential FBO against previous month high / former year high. Breach of B-0 points to a flush to at least below B-1 / Y-0.
Lawrence's Comment
Recap
News driven market condition as noted in last week's comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. ...
Nasdaq 100 Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to hold onto the gain. Closed the week above Y+2 and midpoint.
Outlook
Potential FBO against previous month high / former year high. Breach of B-0 points to a flush to at least below B-1 / Y-0.
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