Recap 2300 turned into resistance. Dropped quickly to Y-3 area as expected. Closed the week below Y-2.
Outlook Option expiration week is over. This week the bias is in general the opposite of what happened in op ex week. So a bounce to B-0 and Y-1 is expected.
The uncertainty part is that euro zone crisis causing more global panic selling, if that started and B-1 failed to hold up NQ, B-2 will be in play.
Nasdaq 100 Dec 19 to Dec 23 Outlook
Lawrence’s Comment
2300 turned into resistance. Dropped quickly to Y-3 area as expected. Closed the week below Y-2.
Outlook
Option expiration week is over. This week the bias is in general the opposite of what happened in op ex week. So a bounce to B-0 and Y-1 is expected.
The uncertainty part is that euro zone crisis causing more global panic selling, if that started and B-1 failed to hold up NQ, B-2 will be in play.
Share