Recap NQ cleared Y+1 by gapping above it right off the start of the week. That forced all shorts to cover and the Y+3 target for surprise move was tagged. Consolidation since. Closed the week above Y+2 and midpoint.
Outlook Dirty bottom on daily formed. NQ open gap above is a magnet if B-0 support helps NQ to clear B+1. Failure to clear B+2 will create a bigger and stronger megaphone pattern with B-1 and below likely in coming weeks.
Overview
Emini overnight range 1885.50 up to 1908.75.00
Overnight Midpoint 1897.00
Previous Day Mid 1901.50
Emini S&P is now trading at the top part of its range with a gap down. ...
Lawrence's Comment
Recap
Ninja rising wedge into 110 before breaking the support which points at the target of below Y-1. Y-1 reached and 1.08 right below promptly defended it with an all ...
Lawrence's Comment
Recap
Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint.
Outlook
Euro finally entered its longer term reisstance zone and ...
Nasdaq 100 Feb 22 to Feb 26 Outlook
Lawrence’s Comment
NQ cleared Y+1 by gapping above it right off the start of the week. That forced all shorts to cover and the Y+3 target for surprise move was tagged. Consolidation since. Closed the week above Y+2 and midpoint.
Outlook
Dirty bottom on daily formed. NQ open gap above is a magnet if B-0 support helps NQ to clear B+1. Failure to clear B+2 will create a bigger and stronger megaphone pattern with B-1 and below likely in coming weeks.
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