Recap Bearish bias carried NQ lower until 100% absolute range expansion was reached off the first reaction to FOMC news shock. Then all indices took off. By Friday, we got the year high print which is the seasonal bias. Closed the week above Y+1 and near week high.
Outlook Outside up week. If NQ fails to push higher quickly early next week, consolidation / pullback will put it in 50% range around Y+1 / week close.
Lawrence's Comment
Recap
As expected a bit more downside and then consolidation. Spent most part of the week below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Normal situation we should see a ...
Nasdaq 100 Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Bearish bias carried NQ lower until 100% absolute range expansion was reached off the first reaction to FOMC news shock. Then all indices took off. By Friday, we got the year high print which is the seasonal bias. Closed the week above Y+1 and near week high.
Outlook
Outside up week. If NQ fails to push higher quickly early next week, consolidation / pullback will put it in 50% range around Y+1 / week close.
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