Recap As mentioned last week, once 2350 is taken out, 50% upside range expansion is expected and that is 2380 area. All attempts to stop the rally in the beginning of the week has failed. Closed at the upside target.
Outlook Option expiration week has a strong bias to swing 20+ points many times before the settlement on Friday. So, look for breakout/turning points around B+2, B+1, B-0, and B-1. Lots of trading opportunities.
Lawrence's Comment
Recap
NQ Y+1 did not act as resistance, and rallied 50% of previous week range and paused. After the Fed + JPM shock, NQ is propelled to Y+3 ...
Nasdaq 100 Feb 14 to Feb 18 Outlook
Lawrence’s Comment
As mentioned last week, once 2350 is taken out, 50% upside range expansion is expected and that is 2380 area. All attempts to stop the rally in the beginning of the week has failed. Closed at the upside target.
Outlook
Option expiration week has a strong bias to swing 20+ points many times before the settlement on Friday. So, look for breakout/turning points around B+2, B+1, B-0, and B-1. Lots of trading opportunities.
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