Recap Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint.
Outlook Expanding range 4 weeks in a row with NQ points to consolidation potential. B+1 resistance will give us Y+1 / B-0 easily. Holiday mode trading this week means lower volume, more intraday fake outs. Traders need to adjust their stops to accommodate this envrionment if one choose to trade duing this time of the year.
Lawrence's Comment
Recap
Ninja was so strong, it pushed to 122 first in the beginning of the week setting up Y+1 as the consolidation midpoint. Closed the week near Y+1 and midpoint.
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Lawrence's Comment
Recap
Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint.
Outlook
Another pair with inside week formation. ...
Lawrence's Comment
Recap
NQ was the bullish one with hint for a run to Y+1 off its Monday action holding Y-0. Then PPT came overnight giving the indices a helping hand to ...
Nasdaq 100 Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint.
Outlook
Expanding range 4 weeks in a row with NQ points to consolidation potential. B+1 resistance will give us Y+1 / B-0 easily. Holiday mode trading this week means lower volume, more intraday fake outs. Traders need to adjust their stops to accommodate this envrionment if one choose to trade duing this time of the year.
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