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
Y-0 cleared from below, gave us reason to go long and Y+1 was cleared with minimal effort. Y+2 normal target reached. Closed the week below Y+2 and above midpoint.
Outlook
Strange ...
Lawrence's Comment
Recap
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike ...
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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