Recap Y-0 support sent NQ up to Y+2 and above. 4700 round number resistance sent NQ back down. Closed the week below Y+1 and midpoint.
Outlook Upchannel / Bear flag on 30-min and higher timeframe. Breaking channel support points to Y-2 / B-3 in play. Channel support holds we get a 3rd push back up above B+1.
Overview
Emini overnight range 1987.50 up to 2011.50 (at 9:00 am)
Overnight Midpoint 1999.50
Previous Week Close 1997.50
Emini S&P is now trading at the top part of its range with ...
Lawrence's Comment
Recap
Euro zone rumors / news shock dropped cable down to Y-1 thus opened the doorway to Y-2. Tagged Y-2 and bounced back up to Y-1. Y-1 acted ...
Lawrence's Comment
Recap
As expected, the FBO mentioned last week gave us a drop back down to Y-0 and then Y-1. That turned Y-0 into strong resistance. Retest of Y-0 failed. ES ...
Nasdaq 100 Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Y-0 support sent NQ up to Y+2 and above. 4700 round number resistance sent NQ back down. Closed the week below Y+1 and midpoint.
Outlook
Upchannel / Bear flag on 30-min and higher timeframe. Breaking channel support points to Y-2 / B-3 in play. Channel support holds we get a 3rd push back up above B+1.
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