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.
ContentReviewEuro Going NowhereS&P Is TiredGold In Bullish Time Window StillBitcoin Near Term Projection10-Year Note Yield Projection Hasn’t ChangedBig Picture SummaryReviewEuro stuck in tight range waiting for something significant to happen.S&P ...
Lawrence's Comment
Recap
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. ...
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.
Share