Recap NQ test of downside target as expected and sparked a strong rally off the support. Follow thru actions pushed NQ back up above normal reversal target Y-0. Closed the week above Y-0 and near week high.
Outlook 4300 original zone which the dip buyers stepped in and many are forced out last 2 weeks over panic selling. Depending on how many of these dip buyers are left will either make it difficult to clear 4300 and led to consolidation actions back down to Y-0 / B-0 zone, or continuation up drift back to Y+1 / B+2 breakdown crime scene.
Lawrence's Comment
Recap
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week ...
Lawrence's Comment
Recap
As expected, Loonie consolidated around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Bullish setup for US dollar to further strengthen against Loonie as consolidation ended with a close above ...
Nasdaq 100 Jan 25 to Jan 29 Outlook
Lawrence’s Comment
NQ test of downside target as expected and sparked a strong rally off the support. Follow thru actions pushed NQ back up above normal reversal target Y-0. Closed the week above Y-0 and near week high.
Outlook
4300 original zone which the dip buyers stepped in and many are forced out last 2 weeks over panic selling. Depending on how many of these dip buyers are left will either make it difficult to clear 4300 and led to consolidation actions back down to Y-0 / B-0 zone, or continuation up drift back to Y+1 / B+2 breakdown crime scene.
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