Nasdaq 100 Dec 12 to Dec 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Intervention effect mostly erased by Thursday. Yet, after 100% absolute range established, NQ found the excuse to go higher and closed the week above midpoint and previous week close.

Outlook
Quarterly option expiration this week. Will be very messy as central banks and governments have messed up the markets badly. Making difficult to read the intention of the market makers on where they would like to land the indices on Friday.

If option MMs get their way, we get a push down to B-3 quickly. The sign of that going to happen will be a quick drop below 2300 and staying underneath.

Otherwise, the intervention probably messed up the books of the option MMs so bad they have to push the indices up beyond B+2.

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