Recap Gapped above Y+1 on Monday and closed below. All out selloff induced until 100% absolute range expansion right above Y-1. NQ then tried very hard to produce a low and failed to do so as midpoint proven too strong to break. Closed the week below Y-0 and midpoint.
Outlook Uptrend on daily is not broken. I am bearish and I have indicated clearly I am still swing short ES in my long term idea thread in the discussion area. So I am not a bull b.s. my way for the bullish case here. I was looking for an outside reversal week and it did not happen. The buying is clearly showing at the 2630 level to spike NQ back up. As long as B-1 holds, a break above B-0 will induce a run back up to B+1 quickly. Not really good news for bears including me.
Lawrence's Comment
Recap
Pullback to Y-1 as expected. Found support and zoomed back up until 100% absolute range expansion. Closed the week near Y-0 and midpoint.
Outlook
Normal pullback in progress. Holding Y-0 / ...
Lawrence's Comment
Recap
Consolidation with not much activities.
Outlook
Looking for this pair to settle in this zone over the coming weeks to form a long term bottom. Bias towards long side on ...
Nasdaq 100 Dec 10 to Dec 14 Outlook
Lawrence’s Comment
Gapped above Y+1 on Monday and closed below. All out selloff induced until 100% absolute range expansion right above Y-1. NQ then tried very hard to produce a low and failed to do so as midpoint proven too strong to break. Closed the week below Y-0 and midpoint.
Outlook
Uptrend on daily is not broken. I am bearish and I have indicated clearly I am still swing short ES in my long term idea thread in the discussion area. So I am not a bull b.s. my way for the bullish case here.
I was looking for an outside reversal week and it did not happen. The buying is clearly showing at the 2630 level to spike NQ back up.
As long as B-1 holds, a break above B-0 will induce a run back up to B+1 quickly.
Not really good news for bears including me.
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