Recap NQ weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to weekly support. Closed the week below Y-1 and near week low.
Outlook 4500 / Y-2 on the line. That holds we get a push back up to Y-1.
Lawrence's Comment
Recap
As mentioned last week, downtrend has established. Resistance zone worked out as expected, sending Aussie down to Y-5.
Outlook
Downtrend intact.
The range expansion from last week created an oversold ...
Nasdaq 100 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
NQ weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to weekly support. Closed the week below Y-1 and near week low.
Outlook
4500 / Y-2 on the line. That holds we get a push back up to Y-1.
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