Recap Absolutely going nowhere. February high acted as support so downside targets are not triggered. Y+1 was not breached so no upside breakout continuation trade triggered either. Closed the week below midpoint and above Y-0.
Outlook Inside week. A breakout to the downside with Y-3 target somehow magically line up with the gap fill below.
As long as B-1 is not breached, not the best short environment because the trend entering this consolidation was up so bulls are still having the advantage.
Overview
Emini overnight range 2040.75 up to 2060.25 (at 9:00 am)
Overnight Midpoint 2050.50
Previous Week Close 2058.75
Emini S&P is now trading at the bottom part of its range with ...
Lawrence's Comment
Recap
Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...
Lawrence's Comment
Recap
The weakest among the 3 indices. Took NQ 3 tries to go lower before it finally rejected the gap below and started its zoom up. Even the zoom up ...
Nasdaq 100 Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Absolutely going nowhere. February high acted as support so downside targets are not triggered. Y+1 was not breached so no upside breakout continuation trade triggered either. Closed the week below midpoint and above Y-0.
Outlook
Inside week. A breakout to the downside with Y-3 target somehow magically line up with the gap fill below.
As long as B-1 is not breached, not the best short environment because the trend entering this consolidation was up so bulls are still having the advantage.
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