Recap Breached Y+1 early in the week telling us Y+2 in play. Pulled back around 15 points (not quite the 20 points from expectation), then zoom up to target. Pulled back 15 points and closing the week by rallied back to the high.
Outlook 2nd week range contraction making price projections all piled up within 50 points area from 2360 to 2410. Could be a daily level turning point in the making but not necessary turning down. A break below B-1 implies B-3 in play. A break above B+1, however, implies 1st target of B+3 and next at B+5.
Lawrence's Comment
Recap
ES did sold off from the beginning of the week off the 3 pushes up formation. Yet Y-0 acted as support and continue its parabolic path going higher. ...
Lawrence's Comment
Recap
Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and ...
Nasdaq 100 Feb 21 to Feb 25 Outlook
Lawrence’s Comment
Breached Y+1 early in the week telling us Y+2 in play. Pulled back around 15 points (not quite the 20 points from expectation), then zoom up to target. Pulled back 15 points and closing the week by rallied back to the high.
Outlook
2nd week range contraction making price projections all piled up within 50 points area from 2360 to 2410. Could be a daily level turning point in the making but not necessary turning down.
A break below B-1 implies B-3 in play.
A break above B+1, however, implies 1st target of B+3 and next at B+5.
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